Helen of Troy (NASDAQ:HELE) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Helen of Troy (NASDAQ:HELE) from a hold rating to a buy rating in a report published on Wednesday, January 10th.

Several other research analysts have also issued reports on HELE. CL King initiated coverage on shares of Helen of Troy in a research report on Tuesday, September 12th. They issued a buy rating and a $104.00 price target on the stock. KeyCorp reiterated a hold rating on shares of Helen of Troy in a research report on Friday, October 6th. Zacks Investment Research cut shares of Helen of Troy from a hold rating to a sell rating in a research report on Tuesday, December 5th. Finally, BidaskClub upgraded shares of Helen of Troy from a buy rating to a strong-buy rating in a research report on Saturday, December 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Helen of Troy currently has a consensus rating of Hold and a consensus target price of $101.75.

Helen of Troy (HELE) opened at $86.90 on Wednesday. Helen of Troy has a twelve month low of $85.40 and a twelve month high of $102.88. The company has a quick ratio of 0.94, a current ratio of 1.73 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2,340.00, a PE ratio of 120.69, a price-to-earnings-growth ratio of 5.90 and a beta of 0.79.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Monday, January 8th. The company reported $2.52 EPS for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.45. The business had revenue of $453.00 million for the quarter, compared to analyst estimates of $452.81 million. Helen of Troy had a net margin of 1.28% and a return on equity of 18.37%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $2.37 earnings per share. equities analysts expect that Helen of Troy will post 6.52 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in HELE. Russell Investments Group Ltd. lifted its stake in shares of Helen of Troy by 192.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,089 shares of the company’s stock valued at $573,000 after purchasing an additional 4,008 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Helen of Troy by 8.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 169,451 shares of the company’s stock worth $15,946,000 after acquiring an additional 13,242 shares during the period. First Trust Advisors LP bought a new position in Helen of Troy in the 2nd quarter worth $1,774,000. Legal & General Group Plc raised its holdings in Helen of Troy by 23.8% in the 2nd quarter. Legal & General Group Plc now owns 21,419 shares of the company’s stock worth $2,013,000 after acquiring an additional 4,113 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Helen of Troy by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,966 shares of the company’s stock worth $185,000 after acquiring an additional 295 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

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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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