Helen of Troy (NASDAQ:HELE) Price Target Raised to $175.00

Helen of Troy (NASDAQ:HELE) had its price target increased by Bank of America from $170.00 to $175.00 in a research report report published on Wednesday morning, BenzingaRatingsTable reports. Bank of America currently has a buy rating on the stock.

Several other research analysts have also issued reports on HELE. ValuEngine lowered shares of Helen of Troy from a buy rating to a hold rating in a research note on Wednesday, October 2nd. BidaskClub raised shares of Helen of Troy from a sell rating to a hold rating in a research note on Friday, September 27th. Finally, DA Davidson lifted their price objective on shares of Helen of Troy from $172.00 to $184.00 and gave the stock a buy rating in a research note on Monday, October 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Helen of Troy presently has a consensus rating of Hold and an average price target of $179.50.

Shares of NASDAQ HELE traded up $0.54 during mid-day trading on Wednesday, hitting $154.86. The company’s stock had a trading volume of 242,309 shares, compared to its average volume of 292,074. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 2.60 and a beta of 0.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.24 and a quick ratio of 1.04. Helen of Troy has a one year low of $108.31 and a one year high of $169.25. The company’s fifty day simple moving average is $153.21 and its 200-day simple moving average is $139.65.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Tuesday, October 8th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.28. The company had revenue of $414.00 million for the quarter, compared to analyst estimates of $390.55 million. Helen of Troy had a net margin of 10.80% and a return on equity of 18.80%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.98 EPS. On average, sell-side analysts predict that Helen of Troy will post 7.8 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC boosted its stake in Helen of Troy by 1,160.2% during the 3rd quarter. Cerebellum GP LLC now owns 2,974 shares of the company’s stock worth $469,000 after acquiring an additional 2,738 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Helen of Troy during the 3rd quarter worth approximately $703,000. Macquarie Group Ltd. boosted its stake in Helen of Troy by 2,101.8% during the 2nd quarter. Macquarie Group Ltd. now owns 2,400 shares of the company’s stock worth $313,000 after acquiring an additional 2,291 shares during the last quarter. Magnetar Financial LLC bought a new position in Helen of Troy during the 2nd quarter worth approximately $811,000. Finally, Neumeier Poma Investment Counsel LLC boosted its stake in Helen of Troy by 1.0% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 313,808 shares of the company’s stock worth $40,980,000 after acquiring an additional 2,985 shares during the last quarter. 93.45% of the stock is currently owned by institutional investors and hedge funds.

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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