ValuEngine Upgrades Helen of Troy Limited (HELE) to “Buy”

Helen of Troy Limited (NASDAQ:HELE) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other brokerages have also issued reports on HELE. BidaskClub lowered shares of Helen of Troy Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. KeyCorp restated a “hold” rating on shares of Helen of Troy Limited in a research report on Friday, October 6th. Bank of America Corporation began coverage on shares of Helen of Troy Limited in a research report on Tuesday, August 29th. They set an “underperform” rating and a $87.00 price target for the company. Finally, CL King began coverage on shares of Helen of Troy Limited in a research report on Tuesday, September 12th. They set a “buy” rating and a $104.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $99.40.

Helen of Troy Limited (NASDAQ HELE) opened at 91.20 on Tuesday. Helen of Troy Limited has a 52 week low of $77.50 and a 52 week high of $102.88. The stock’s 50 day moving average price is $94.00 and its 200-day moving average price is $94.55. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 19.80 and a beta of 0.99.

Helen of Troy Limited (NASDAQ:HELE) last announced its earnings results on Thursday, October 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.29. Helen of Troy Limited had a net margin of 6.93% and a return on equity of 14.98%. The company had revenue of $378.46 million during the quarter, compared to analyst estimates of $377.08 million. During the same period in the previous year, the business earned $1.31 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Helen of Troy Limited will post $6.72 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. increased its stake in shares of Helen of Troy Limited by 46.3% during the first quarter. UBS Asset Management Americas Inc. now owns 14,032 shares of the company’s stock valued at $1,322,000 after purchasing an additional 4,443 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Helen of Troy Limited by 26.5% during the first quarter. Ameriprise Financial Inc. now owns 92,813 shares of the company’s stock valued at $8,744,000 after purchasing an additional 19,418 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Helen of Troy Limited by 5.6% during the first quarter. Parametric Portfolio Associates LLC now owns 37,644 shares of the company’s stock valued at $3,546,000 after purchasing an additional 2,013 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Helen of Troy Limited by 6.1% during the first quarter. JPMorgan Chase & Co. now owns 259,209 shares of the company’s stock valued at $24,417,000 after purchasing an additional 14,906 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Helen of Troy Limited by 36.2% during the first quarter. Stifel Financial Corp now owns 5,827 shares of the company’s stock valued at $551,000 after purchasing an additional 1,549 shares in the last quarter. 89.89% of the stock is owned by institutional investors.

Helen of Troy Limited Company Profile

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 four segments. The Housewares segment provides a range of consumer products for the home.

Analyst Recommendations for Helen of Troy Limited (NASDAQ:HELE)

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