Canaccord Genuity Group Increases Helen of Troy (NASDAQ:HELE) Price Target to $23.00

Helen of Troy (NASDAQ:HELEGet Free Report) had its target price lifted by analysts at Canaccord Genuity Group from $18.00 to $23.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 4.28% from the stock’s current price.

Several other research firms have also weighed in on HELE. UBS Group upped their target price on Helen of Troy from $16.00 to $25.00 and gave the company a “neutral” rating in a report on Friday. Zacks Research raised Helen of Troy from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Helen of Troy in a research note on Friday, March 27th. One investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.00.

Read Our Latest Analysis on HELE

Helen of Troy Price Performance

Helen of Troy stock traded down $1.76 during trading hours on Friday, hitting $22.06. The stock had a trading volume of 542,773 shares, compared to its average volume of 707,317. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market capitalization of $508.83 million, a price-to-earnings ratio of -0.64 and a beta of 0.86. Helen of Troy has a 1-year low of $13.85 and a 1-year high of $33.76. The stock’s fifty day moving average is $16.76 and its two-hundred day moving average is $18.67.

Helen of Troy (NASDAQ:HELEGet Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. The company had revenue of $470.03 million for the quarter, compared to analyst estimates of $450.38 million. Helen of Troy had a positive return on equity of 8.33% and a negative net margin of 43.97%.Helen of Troy’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.33 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. As a group, analysts predict that Helen of Troy will post 2.58 earnings per share for the current fiscal year.

Institutional Trading of Helen of Troy

A number of large investors have recently made changes to their positions in HELE. Royal Bank of Canada boosted its stake in shares of Helen of Troy by 60.2% during the first quarter. Royal Bank of Canada now owns 7,102 shares of the company’s stock valued at $380,000 after acquiring an additional 2,670 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Helen of Troy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,533 shares of the company’s stock valued at $724,000 after acquiring an additional 563 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Helen of Troy during the first quarter valued at $14,013,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Helen of Troy by 16.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,309 shares of the company’s stock valued at $3,975,000 after acquiring an additional 10,397 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Helen of Troy by 4.6% during the second quarter. American Century Companies Inc. now owns 57,265 shares of the company’s stock valued at $1,625,000 after acquiring an additional 2,503 shares during the last quarter.

Key Stories Impacting Helen of Troy

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About Helen of Troy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Helen of Troy (NASDAQ:HELE)

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