Helen of Troy’s (HELE) “Hold” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their hold rating on shares of Helen of Troy (NASDAQ:HELEFree Report) in a report published on Tuesday,Benzinga reports. Canaccord Genuity Group currently has a $23.00 price target on the stock.

Several other research firms have also weighed in on HELE. CJS Securities raised Helen of Troy to a “strong-buy” rating in a research note on Thursday, December 11th. UBS Group restated a “neutral” rating on shares of Helen of Troy in a report on Wednesday, November 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Helen of Troy in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Helen of Troy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Helen of Troy presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Read Our Latest Analysis on HELE

Helen of Troy Trading Down 2.4%

HELE stock opened at $20.58 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.71 and a debt-to-equity ratio of 0.94. The company has a market cap of $473.96 million, a price-to-earnings ratio of -0.72 and a beta of 0.78. The business has a fifty day simple moving average of $19.89 and a 200-day simple moving average of $22.54. Helen of Troy has a 52 week low of $17.01 and a 52 week high of $69.05.

Institutional Investors Weigh In On Helen of Troy

A number of hedge funds have recently bought and sold shares of HELE. Jacobs Levy Equity Management Inc. raised its position in shares of Helen of Troy by 4.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 359,693 shares of the company’s stock valued at $9,064,000 after purchasing an additional 15,730 shares in the last quarter. Polymer Capital Management US LLC bought a new stake in shares of Helen of Troy in the third quarter worth $982,000. Mork Capital Management LLC acquired a new stake in Helen of Troy in the third quarter valued at $1,008,000. Larson Financial Group LLC boosted its stake in Helen of Troy by 1,323.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,352 shares of the company’s stock valued at $34,000 after acquiring an additional 1,257 shares during the last quarter. Finally, Invenomic Capital Management LP grew its holdings in Helen of Troy by 68.8% during the 3rd quarter. Invenomic Capital Management LP now owns 554,985 shares of the company’s stock worth $13,986,000 after acquiring an additional 226,263 shares in the last quarter.

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About Helen of Troy

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Helen of Troy Limited is a global consumer products company that designs, sources and markets a diversified portfolio of household, health and beauty brands. Headquartered in El Paso, Texas, the company operates through three principal segments—Health & Home, Housewares and Beauty—offering products under well-known names including OXO, Vicks, Braun, Honeywell Home, PUR and Hot Tools. Helen of Troy distributes its products through a combination of mass, specialty and e-commerce channels to consumers, retailers and distributors worldwide.

The Housewares segment features kitchen tools, gadgets and organizational solutions marketed primarily under the OXO brand, recognized for its ergonomic “Good Grips” design.

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