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 research report report published on Monday.

A number of other research analysts have also recently commented on HELE. UBS Group reduced their price target on shares of Helen of Troy from $79.00 to $69.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. DA Davidson increased their price target 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. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $84.00 price target on shares of Helen of Troy in a research report on Monday, October 7th.

Helen of Troy Trading Down 4.5 %

Shares of HELE opened at $58.99 on Monday. The firm’s 50 day simple moving average is $65.14 and its 200 day simple moving average is $61.83. The company has a market capitalization of $1.35 billion, a P/E ratio of 11.89, a P/E/G ratio of 1.91 and a beta of 0.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.92 and a quick ratio of 1.05. Helen of Troy has a 1-year low of $48.05 and a 1-year high of $127.83.

Helen of Troy (NASDAQ:HELE) last announced its 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 quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $2.79 earnings per share. Sell-side analysts forecast that Helen of Troy will post 6.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Helen of Troy by 96.0% in the fourth quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock valued at $29,000 after acquiring an additional 237 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Helen of Troy in the fourth quarter valued at $44,000. Public Employees Retirement System of Ohio boosted its holdings in Helen of Troy by 30.3% in the third quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock valued at $48,000 after acquiring an additional 182 shares in the last quarter. Signaturefd LLC bought a new stake in Helen of Troy in the third quarter valued at $61,000. Finally, KBC Group NV boosted its holdings in Helen of Troy by 73.1% in the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $81,000 after acquiring an additional 571 shares in 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.