Helen of Troy (NASDAQ:HELE) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Helen of Troy (NASDAQ:HELE) from a hold rating to a buy rating in a report issued on Wednesday.

A number of other analysts have also recently commented on the stock. DA Davidson upped their price objective on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. UBS Group lowered their price target on Helen of Troy from $79.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th.

Helen of Troy Trading Down 2.5 %

NASDAQ:HELE opened at $55.59 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. Helen of Troy has a 1-year low of $48.05 and a 1-year high of $127.83. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.79 and a beta of 0.91. The business’s 50-day moving average price is $62.99 and its two-hundred day moving average price is $61.83.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.07. The business had revenue of $530.70 million for the quarter, compared to the consensus estimate of $532.91 million. Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. Helen of Troy’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company posted $2.79 EPS. On average, equities analysts expect that Helen of Troy will post 6.46 earnings per share for the current year.

Institutional Investors Weigh In On Helen of Troy

Several institutional investors have recently added to or reduced their stakes in HELE. GAMMA Investing LLC raised its stake in shares of Helen of Troy by 96.0% in the 4th quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock valued at $29,000 after purchasing an additional 237 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Helen of Troy during the fourth quarter worth about $44,000. Public Employees Retirement System of Ohio raised its position in Helen of Troy by 30.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock valued at $48,000 after buying an additional 182 shares during the last quarter. Signaturefd LLC bought a new stake in Helen of Troy in the 3rd quarter valued at approximately $61,000. Finally, KBC Group NV boosted its position in Helen of Troy by 73.1% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $81,000 after acquiring an additional 571 shares during the last quarter.

About Helen of Troy

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.