Helen of Troy Limited (HELE) Can’t Be More Risky. The Stock Formed a Bearish Wedge Down Pattern

December 7, 2017 - By Marguerite Chambers

Investors sentiment increased to 1.42 in 2017 Q2. Its up 0.33, from 1.09 in 2017Q1. It is positive, 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.
Bancorporation Of America De invested in 0% or 203,711 shares. Parallax Volatility Advisers L P holds 0% or 588 shares in its portfolio. Wells Fargo & Mn accumulated 634,867 shares or 0.02% of the stock. Janney Montgomery Scott Limited Liability Com has 0.02% invested in Helen of Troy Limited (NASDAQ:HELE). Nationwide Fund Advisors stated it has 0.02% of its portfolio in Helen of Troy Limited (NASDAQ:HELE). New York State Teachers Retirement Systems stated it has 0.01% in Helen of Troy Limited (NASDAQ:HELE). Mason Street Ltd Liability holds 13,216 shares or 0.03% of its portfolio. Us Comml Bank De holds 0.01% or 20,045 shares in its portfolio. Westwood Group Incorporated Inc owns 457,823 shares for 0.35% of their portfolio. First Mercantile Co holds 0.03% or 1,590 shares. Reilly Fin Advsr Ltd Liability stated it has 200 shares or 0% of all its holdings. 26,300 are owned by Eulav Asset Management. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,046 shares or 0% of its portfolio. Creative Planning accumulated 0% or 127 shares. Invesco Limited holds 437,704 shares or 0.01% of its portfolio.

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. PiperJaffray downgraded the stock to “Neutral” rating in Wednesday, December 7 report. The firm earned “Hold” rating on Friday, October 6 by KeyBanc Capital Markets. The stock has “Buy” rating by Jefferies on Monday, March 7. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, September 4. The stock of Helen of Troy Limited (NASDAQ:HELE) has “Buy” rating given on Friday, August 19 by Sidoti. The stock of Helen of Troy Limited (NASDAQ:HELE) has “Neutral” rating given on Tuesday, August 25 by Sidoti. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, December 7.

More notable recent Helen of Troy Limited (NASDAQ:HELE) news were published by: Businesswire.com which released: “Helen of Troy Limited Announces Thurman Case to Join its Board of Directors” on December 21, 2016, 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: Seekingalpha.com and their article: “Helen Of Troy: A 2016 Success Story” published on February 09, 2017 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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