Helen of Troy Limited (HELE) Receives Average Rating of “Buy” from Analysts

Shares of Helen of Troy Limited (NASDAQ:HELE) have been assigned an average recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $137.50.

HELE has been the topic of a number of analyst reports. DA Davidson reissued a “buy” rating and issued a $148.00 price target on shares of Helen of Troy in a research note on Wednesday, October 10th. ValuEngine downgraded Helen of Troy from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. BidaskClub downgraded Helen of Troy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, Zacks Investment Research downgraded Helen of Troy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th.

Shares of HELE stock traded up $0.16 during trading hours on Monday, reaching $134.51. The company had a trading volume of 170,102 shares, compared to its average volume of 304,823. The company has a quick ratio of 1.18, a current ratio of 2.14 and a debt-to-equity ratio of 0.28. The company has a market cap of $3.53 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 3.13 and a beta of 0.75. Helen of Troy has a 1-year low of $81.10 and a 1-year high of $134.73.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Tuesday, October 9th. The company reported $1.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.38. The company had revenue of $393.50 million for the quarter, compared to the consensus estimate of $349.19 million. Helen of Troy had a return on equity of 19.39% and a net margin of 7.00%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.65 EPS. Research analysts anticipate that Helen of Troy will post 7.08 earnings per share for the current fiscal year.

In other Helen of Troy news, Director Gary B. Abromovitz sold 500 shares of the stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $125.25, for a total transaction of $62,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary B. Abromovitz sold 640 shares of the stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $123.00, for a total value of $78,720.00. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. IMA Wealth Inc. bought a new position in Helen of Troy during the 2nd quarter worth about $118,000. Bank of Montreal Can bought a new position in Helen of Troy during the 2nd quarter worth about $122,000. Fortis Advisors LLC bought a new position in Helen of Troy during the 2nd quarter worth about $128,000. Hartford Investment Management Co. bought a new position in Helen of Troy during the 3rd quarter worth about $216,000. Finally, Moneta Group Investment Advisors LLC bought a new position in Helen of Troy during the 2nd quarter worth about $162,000. Hedge funds and other institutional investors own 96.37% of the company’s stock.

About Helen of Troy

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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