Helen of Troy (NASDAQ:HELE) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday.
Several other research firms have also recently commented on HELE. Bank of America set a $151.00 target price on shares of Helen of Troy and gave the company a “buy” rating in a research note on Monday, November 19th. Zacks Investment Research cut shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Finally, DA Davidson reissued a “buy” rating and set a $148.00 target price on shares of Helen of Troy in a research note on Wednesday, October 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $141.67.
NASDAQ:HELE traded down $0.59 during mid-day trading on Thursday, hitting $113.65. The stock had a trading volume of 432,625 shares, compared to its average volume of 555,575. The company has a market cap of $2.95 billion, a PE ratio of 16.84, a P/E/G ratio of 2.57 and a beta of 0.82. Helen of Troy has a 52 week low of $81.10 and a 52 week high of $145.46. The company has a quick ratio of 1.18, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.
Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data on Tuesday, January 8th. The company reported $2.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.24. The firm had revenue of $431.10 million for the quarter, compared to the consensus estimate of $425.76 million. Helen of Troy had a net margin of 12.19% and a return on equity of 18.45%. Helen of Troy’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $2.52 EPS. As a group, equities analysts anticipate that Helen of Troy will post 7.08 EPS for the current year.
In other news, Director Gary B. Abromovitz sold 500 shares of Helen of Troy 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary B. Abromovitz sold 640 shares of Helen of Troy stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $123.00, for a total transaction of $78,720.00. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in HELE. Moneta Group Investment Advisors LLC acquired a new position in shares of Helen of Troy in the 2nd quarter worth approximately $162,000. Tower Research Capital LLC TRC grew its stake in shares of Helen of Troy by 365.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,415 shares of the company’s stock worth $185,000 after purchasing an additional 1,111 shares during the last quarter. Eaton Vance Management purchased a new position in shares of Helen of Troy in the third quarter worth approximately $200,000. Hartford Investment Management Co. purchased a new position in shares of Helen of Troy in the third quarter worth approximately $216,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Helen of Troy in the third quarter worth approximately $242,000. 94.13% of the stock is currently owned by institutional investors.
Helen of Troy Company Profile
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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