Helen of Troy (NASDAQ:HELE) had its target price boosted by Bank of America from $170.00 to $175.00 in a research report released on Wednesday morning, BenzingaRatingsTable reports. They currently have a buy rating on the stock.
A number of other research firms have also recently commented on HELE. DA Davidson lifted their price objective on shares of Helen of Troy from $172.00 to $184.00 and gave the stock a buy rating in a research report on Monday, October 7th. They noted that the move was a valuation call. BidaskClub raised shares of Helen of Troy from a sell rating to a hold rating in a research report on Friday, September 27th. Finally, ValuEngine cut shares of Helen of Troy from a buy rating to a hold rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Helen of Troy currently has an average rating of Hold and an average price target of $179.50.
HELE stock traded up $0.54 during midday trading on Wednesday, reaching $154.86. 242,309 shares of the company were exchanged, compared to its average volume of 292,074. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.24 and a quick ratio of 1.04. The business has a 50-day moving average price of $153.21 and a two-hundred day moving average price of $139.65. Helen of Troy has a one year low of $108.31 and a one year high of $169.25. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 2.60 and a beta of 0.57.
Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.28. Helen of Troy had a net margin of 10.80% and a return on equity of 18.80%. The firm had revenue of $414.00 million during the quarter, compared to analysts’ expectations of $390.55 million. During the same period in the previous year, the business posted $1.98 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, analysts anticipate that Helen of Troy will post 7.8 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC boosted its position in shares of Helen of Troy by 3,500.3% in the second quarter. Nuveen Asset Management LLC now owns 114,416 shares of the company’s stock valued at $14,941,000 after acquiring an additional 111,238 shares during the period. Wells Fargo & Company MN boosted its position in shares of Helen of Troy by 15.1% in the second quarter. Wells Fargo & Company MN now owns 582,967 shares of the company’s stock valued at $76,130,000 after acquiring an additional 76,483 shares during the period. Schroder Investment Management Group boosted its position in shares of Helen of Troy by 782.9% in the second quarter. Schroder Investment Management Group now owns 61,800 shares of the company’s stock valued at $8,071,000 after acquiring an additional 54,800 shares during the period. WINTON GROUP Ltd boosted its position in shares of Helen of Troy by 660.2% in the second quarter. WINTON GROUP Ltd now owns 32,734 shares of the company’s stock valued at $4,275,000 after acquiring an additional 28,428 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Helen of Troy in the second quarter valued at about $3,526,000. 93.45% of the stock is owned by hedge funds and other institutional investors.
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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