Helen of Troy Limited (NASDAQ:HELE) Short Interest Update

Helen of Troy Limited (NASDAQ:HELE) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totalling 993,100 shares, an increase of 105.5% from the February 27th total of 483,300 shares. Based on an average trading volume of 238,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 4.0% of the shares of the company are sold short.

Shares of HELE traded down $3.43 during midday trading on Friday, hitting $141.65. 191,121 shares of the stock traded hands, compared to its average volume of 203,392. Helen of Troy has a 1-year low of $104.01 and a 1-year high of $198.59. The firm has a market capitalization of $3.48 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 2.54 and a beta of 0.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.24 and a current ratio of 2.29. The business’s 50 day moving average price is $161.75 and its two-hundred day moving average price is $164.69.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.70. Helen of Troy had a net margin of 11.68% and a return on equity of 19.84%. The company had revenue of $474.70 million during the quarter, compared to the consensus estimate of $446.17 million. During the same quarter in the previous year, the company posted $2.40 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts forecast that Helen of Troy will post 8.26 EPS for the current fiscal year.

Several brokerages have recently issued reports on HELE. Bank of America boosted their price target on shares of Helen of Troy from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, December 20th. ValuEngine raised shares of Helen of Troy from a “sell” rating to a “hold” rating in a report on Tuesday. DA Davidson reissued a “buy” rating and set a $227.00 price target (up previously from $206.00) on shares of Helen of Troy in a report on Thursday, January 9th. BidaskClub downgraded shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, Zacks Investment Research boosted their price target on shares of Helen of Troy to $223.25 in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $212.56.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank raised its stake in shares of Helen of Troy by 2.2% during the fourth quarter. Amalgamated Bank now owns 4,786 shares of the company’s stock valued at $860,000 after purchasing an additional 103 shares in the last quarter. Wealthsource Partners LLC bought a new stake in shares of Helen of Troy during the third quarter valued at about $252,000. California State Teachers Retirement System raised its stake in shares of Helen of Troy by 1.3% during the third quarter. California State Teachers Retirement System now owns 39,161 shares of the company’s stock valued at $6,174,000 after purchasing an additional 490 shares in the last quarter. Arabesque Asset Management Ltd raised its position in Helen of Troy by 352.6% in the fourth quarter. Arabesque Asset Management Ltd now owns 18,606 shares of the company’s stock worth $3,345,000 after acquiring an additional 14,495 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Helen of Troy by 1.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,505 shares of the company’s stock worth $1,170,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Helen of Troy

Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.

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