Can Helen of Troy Limited (HELE)’s Tomorrow be Different? The Stock Formed a Bearish Wedge Down Pattern

December 7, 2017 - By Adrian Mccoy

Investors sentiment increased to 1.42 in 2017 Q2. Its up 0.33, from 1.09 in 2017Q1. It improved, as 16 investors sold Helen of Troy Limited shares while 63 reduced holdings. 39 funds opened positions while 73 raised stakes. 24.40 million shares or 2.05% more from 23.91 million shares in 2017Q1 were reported.
Moreover, Tiaa Cref Investment Mngmt Limited Liability Company has 0.01% invested in Helen of Troy Limited (NASDAQ:HELE) for 115,212 shares. Invesco invested in 437,704 shares or 0.01% of the stock. Raymond James And Associates, Florida-based fund reported 33,953 shares. Credit Suisse Ag reported 20,672 shares stake. Bnp Paribas Arbitrage Sa holds 0% or 13,671 shares in its portfolio. 11,200 were reported by State Treasurer State Of Michigan. Quantbot Tech L P, a New York-based fund reported 1,575 shares. Fincl Bank Of Montreal Can has 0% invested in Helen of Troy Limited (NASDAQ:HELE) for 2,528 shares. Bessemer Group has invested 0.01% in Helen of Troy Limited (NASDAQ:HELE). Strs Ohio has 2,300 shares. Thrivent For Lutherans has invested 0% of its portfolio in Helen of Troy Limited (NASDAQ:HELE). Vanguard Grp Inc invested in 0.01% or 2.24 million shares. New York-based Ny State Teachers Retirement System has invested 0.01% in Helen of Troy Limited (NASDAQ:HELE). Federated Invsts Pa owns 0.01% invested in Helen of Troy Limited (NASDAQ:HELE) for 22,498 shares. Teacher Retirement System Of Texas reported 2,157 shares.

The stock of Helen of Troy Limited (HELE) formed a down wedge with $87.88 target or 3.00 % below today’s $90.60 share price. The 7 months wedge indicates high risk for the $2.47 billion company. If the $87.88 price target is reached, the company will be worth $74.10 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.55% or $0.5 during the last trading session, reaching $90.6. About 148,864 shares traded. Helen of Troy Limited (NASDAQ:HELE) has declined 4.61% since December 8, 2016 and is downtrending. It has underperformed by 21.31% the S&P500.

Analysts await Helen of Troy Limited (NASDAQ:HELE) to report earnings on January, 4. They expect $2.07 earnings per share, down 9.61 % or $0.22 from last year’s $2.29 per share. HELE’s profit will be $56.43M for 10.94 P/E if the $2.07 EPS becomes a reality. After $1.55 actual earnings per share reported by Helen of Troy Limited for the previous quarter, Wall Street now forecasts 33.55 % EPS growth.

Helen of Troy Limited (NASDAQ:HELE) Ratings Coverage

Among 7 analysts covering Helen of Troy (NASDAQ:HELE), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Helen of Troy had 9 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Neutral” rating by PiperJaffray given on Wednesday, December 7. The firm has “Buy” rating by Jefferies given on Monday, March 7. As per Friday, October 6, the company rating was maintained by KeyBanc Capital Markets. Sidoti initiated the stock with “Neutral” rating in Tuesday, August 25 report. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, December 7. The rating was upgraded by Sidoti to “Buy” on Friday, August 19. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, September 4.

More notable recent Helen of Troy Limited (NASDAQ:HELE) news were published by: Businesswire.com which released: “Helen of Troy Limited Reports Fourth Quarter Fiscal 2017 Results” on April 27, 2017, also Businesswire.com with their article: “Helen of Troy Limited Announces Thurman Case to Join its Board of Directors” published on December 21, 2016, Seekingalpha.com published: “Helen Of Troy: Making A Killing With Little Competition” on June 29, 2017. More interesting news about Helen of Troy Limited (NASDAQ:HELE) were released by: Seekingalpha.com and their article: “Helen Of Troy: Explaining The Decimation” published on August 29, 2017 as well as Businesswire.com‘s news article titled: “Helen of Troy Limited Reports Second Quarter Fiscal 2018 Results” with publication date: October 05, 2017.

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