Helen of Troy (NASDAQ:HELE) Trading 5.1% Higher – Here’s Why

Helen of Troy Limited (NASDAQ:HELE) shares were up 5.1% during mid-day trading on Friday . The stock traded as high as $62.39 and last traded at $62.00. Approximately 278,317 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 659,103 shares. The stock had previously closed at $58.97.

Analysts Set New Price Targets

Several equities research analysts recently commented on HELE shares. DA Davidson upped their price target on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. UBS Group reduced their target price on shares of Helen of Troy from $79.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $84.00 price target on shares of Helen of Troy in a report on Monday, October 7th.

Helen of Troy Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85. The firm has a market capitalization of $1.42 billion, a P/E ratio of 10.36, a PEG ratio of 1.34 and a beta of 0.90. The company’s 50 day moving average price is $65.80 and its 200 day moving average price is $63.48.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings data on Wednesday, January 8th. The company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.07. The firm had revenue of $530.70 million during the quarter, compared to analysts’ expectations of $532.91 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.79 EPS. As a group, sell-side analysts anticipate that Helen of Troy Limited will post 6.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Helen of Troy by 96.0% during the 4th quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock worth $29,000 after acquiring an additional 237 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Helen of Troy by 30.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock valued at $48,000 after purchasing an additional 182 shares in the last quarter. Signaturefd LLC acquired a new position in shares of Helen of Troy in the third quarter valued at approximately $61,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Helen of Troy in the second quarter valued at about $270,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Helen of Troy in the 3rd quarter valued at approximately $315,000.

Helen of Troy Company Profile

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.