Helen of Troy (HELE) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Helen of Troy (NASDAQ:HELE) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

HELE has been the topic of several other research reports. Zacks Investment Research downgraded Helen of Troy from a hold rating to a sell rating in a research note on Tuesday, December 5th. CL King began coverage on Helen of Troy in a research note on Tuesday, September 12th. They issued a buy rating and a $104.00 price objective on the stock. BidaskClub raised Helen of Troy from a buy rating to a strong-buy rating in a research note on Saturday, December 9th. Finally, KeyCorp reaffirmed a hold rating on shares of Helen of Troy in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $99.67.

Helen of Troy (HELE) traded up $0.10 during midday trading on Wednesday, hitting $97.20. The stock had a trading volume of 104,169 shares, compared to its average volume of 151,343. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.85. Helen of Troy has a 1 year low of $85.40 and a 1 year high of $102.88. The company has a market capitalization of $2,621.29, a P/E ratio of 14.23, a P/E/G ratio of 6.53 and a beta of 0.91.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Monday, January 8th. The company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.07 by $0.45. Helen of Troy had a return on equity of 18.37% and a net margin of 1.28%. The firm had revenue of $453.00 million for the quarter, compared to the consensus estimate of $452.81 million. During the same quarter last year, the company earned $2.37 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. analysts forecast that Helen of Troy will post 6.42 EPS for the current fiscal year.

In other news, Director Timothy F. Meeker sold 2,500 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $94.00, for a total value of $235,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in Helen of Troy by 4.2% during the 3rd quarter. Wells Fargo & Company MN now owns 661,307 shares of the company’s stock valued at $64,081,000 after purchasing an additional 26,440 shares during the period. Alliancebernstein L.P. raised its stake in Helen of Troy by 296.3% during the 2nd quarter. Alliancebernstein L.P. now owns 282,067 shares of the company’s stock valued at $26,543,000 after purchasing an additional 210,886 shares during the period. American Century Companies Inc. bought a new stake in Helen of Troy during the 3rd quarter valued at approximately $23,056,000. JPMorgan Chase & Co. raised its stake in Helen of Troy by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,390 shares of the company’s stock valued at $21,347,000 after purchasing an additional 24,522 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Helen of Troy by 10.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 186,380 shares of the company’s stock valued at $18,061,000 after purchasing an additional 16,929 shares during the period. 91.76% of the stock is currently owned by institutional investors.

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About Helen of Troy

Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has three segments. The Housewares segment provides a range of consumer products for the home.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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