Helen of Troy Limited (NASDAQ:HELE) has earned an average rating of “Buy” from the seven brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $137.50.
HELE has been the subject of several research analyst reports. Zacks Investment Research raised Helen of Troy from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Saturday, July 14th. BidaskClub cut Helen of Troy from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. ValuEngine cut Helen of Troy from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, DA Davidson reissued a “buy” rating and set a $148.00 price objective on shares of Helen of Troy in a research report on Wednesday, October 10th.
Shares of NASDAQ:HELE traded up $0.16 on Monday, reaching $134.51. The company had a trading volume of 170,102 shares, compared to its average volume of 304,823. Helen of Troy has a twelve month low of $81.10 and a twelve month high of $134.73. The stock has a market capitalization of $3.53 billion, a P/E ratio of 19.93, a P/E/G ratio of 3.13 and a beta of 0.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.14 and a quick ratio of 1.18.
Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Tuesday, October 9th. The company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.38. Helen of Troy had a return on equity of 19.39% and a net margin of 7.00%. The company had revenue of $393.50 million during the quarter, compared to analysts’ expectations of $349.19 million. During the same quarter in the previous year, the firm earned $1.65 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts expect that Helen of Troy will post 7.08 EPS for the current fiscal year.
In other Helen of Troy news, Director Gary B. Abromovitz sold 640 shares of the company’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $123.00, for a total value of $78,720.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary B. Abromovitz sold 500 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $125.25, for a total value of $62,625.00. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Trexquant Investment LP grew its position in Helen of Troy by 9.2% during the 3rd quarter. Trexquant Investment LP now owns 5,578 shares of the company’s stock worth $730,000 after acquiring an additional 472 shares during the last quarter. BlackRock Inc. grew its position in Helen of Troy by 1.0% during the 3rd quarter. BlackRock Inc. now owns 3,059,779 shares of the company’s stock worth $400,526,000 after acquiring an additional 30,063 shares during the last quarter. Bank of New York Mellon Corp grew its position in Helen of Troy by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 304,017 shares of the company’s stock worth $39,796,000 after acquiring an additional 6,833 shares during the last quarter. EAM Investors LLC bought a new stake in Helen of Troy during the 3rd quarter worth approximately $3,484,000. Finally, Alliancebernstein L.P. grew its position in Helen of Troy by 51.1% during the 3rd quarter. Alliancebernstein L.P. now owns 170,389 shares of the company’s stock worth $22,304,000 after acquiring an additional 57,613 shares during the last quarter. 96.37% 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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