What’s Next for Helen of Troy Limited (HELE) After Forming Bearish Wedge Down Pattern?

December 7, 2017 - By Winifred Garcia

Investors sentiment increased to 1.42 in Q2 2017. Its up 0.33, from 1.09 in 2017Q1. It increased, 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.
Tanaka Capital holds 1.63% of its portfolio in Helen of Troy Limited (NASDAQ:HELE) for 7,572 shares. Proshare Lc holds 0% or 4,389 shares. Morgan Stanley holds 231,407 shares. Alliancebernstein L P holds 282,067 shares. Zebra Management Limited Liability Co holds 25,259 shares or 0.74% of its portfolio. Oregon Employees Retirement Fund holds 0.02% of its portfolio in Helen of Troy Limited (NASDAQ:HELE) for 10,390 shares. Jpmorgan Chase & holds 0% or 194,868 shares. Moreover, Snyder Cap Mgmt Ltd Partnership has 2.62% invested in Helen of Troy Limited (NASDAQ:HELE). Geode Capital Mgmt Ltd has invested 0.01% in Helen of Troy Limited (NASDAQ:HELE). First Mercantile, Tennessee-based fund reported 1,590 shares. State Treasurer State Of Michigan stated it has 0.01% of its portfolio in Helen of Troy Limited (NASDAQ:HELE). State Board Of Administration Of Florida Retirement owns 17,063 shares for 0% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% in Helen of Troy Limited (NASDAQ:HELE). Amica Retiree Trust accumulated 2,581 shares. 200 were accumulated by First Interstate National Bank.

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 EPS, down 9.61 % or $0.22 from last year’s $2.29 per share. HELE’s profit will be $56.43 million for 10.94 P/E if the $2.07 EPS becomes a reality. After $1.55 actual EPS 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 “Hold” rating given on Monday, September 4 by KeyBanc Capital Markets. The stock of Helen of Troy Limited (NASDAQ:HELE) has “Neutral” rating given on Wednesday, December 7 by Piper Jaffray. Sidoti upgraded the shares of HELE in report on Friday, August 19 to “Buy” rating. The rating was maintained by KeyBanc Capital Markets with “Hold” on Friday, October 6. The firm has “Neutral” rating by PiperJaffray given on Wednesday, December 7. Sidoti initiated the shares of HELE in report on Tuesday, August 25 with “Neutral” rating. Jefferies initiated Helen of Troy Limited (NASDAQ:HELE) rating on Monday, March 7. Jefferies has “Buy” rating and $114 target.

More notable recent Helen of Troy Limited (NASDAQ:HELE) news were published by: Businesswire.com which released: “Helen of Troy Limited Reports Second Quarter Fiscal 2018 Results” on October 05, 2017, also Businesswire.com with their article: “Helen of Troy Limited Reports Fourth Quarter Fiscal 2017 Results” published on April 27, 2017, Seekingalpha.com published: “Helen Of Troy Is Simply Gorgeous” on July 10, 2017. More interesting news about Helen of Troy Limited (NASDAQ:HELE) were released by: Businesswire.com and their article: “Helen of Troy Limited Announces Thurman Case to Join its Board of Directors” published on December 21, 2016 as well as Businesswire.com‘s news article titled: “Helen of Troy Limited Announces Krista Berry to Join its Board of Directors” with publication date: March 15, 2017.

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