Helen of Troy (NASDAQ:HELE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Helen of Troy Limited is a leading global consumer products company offering creative solutions for their customers through a diversified portfolio of well-recognized and widely trusted brands. They have built leading market positions through new product innovation, product quality and competitive pricing. They have four business segments: Housewares, Health & Home, Nutritional Supplements and Beauty. Their Housewares segment provides a broad range of products to help with food preparation, cooking, cleaning, organization, beverage service. Their Health & Home products focuses on healthcare and home comfort products. Their Nutritional Supplements segment provides premium branded doctor formulated nutritional supplements, skincare and pain relief products. Their Beauty segment provides personal care, beauty care and wellness products including hair styling appliances; grooming tools; decorative haircare accessories; and liquid-, solid- and powder-based personal care products. “
HELE has been the topic of a number of other research reports. CL King assumed coverage on shares of Helen of Troy in a report on Tuesday, September 12th. They issued a “buy” rating and a $104.00 price target on the stock. ValuEngine raised shares of Helen of Troy from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. KeyCorp reissued a “hold” rating on shares of Helen of Troy in a report on Friday, October 6th. Bank of America assumed coverage on shares of Helen of Troy in a report on Tuesday, August 29th. They issued an “underperform” rating and a $87.00 price target on the stock. Finally, BidaskClub lowered shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $99.40.
Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Thursday, October 5th. The company reported $1.65 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.29. The company had revenue of $378.46 million for the quarter, compared to analysts’ expectations of $377.08 million. Helen of Troy had a net margin of 6.93% and a return on equity of 18.28%. Helen of Troy’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 EPS. sell-side analysts expect that Helen of Troy will post 6.42 EPS for the current year.
In other news, Director Timothy F. Meeker sold 2,500 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $94.00, for a total value of $235,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.57% of the company’s stock.
Several large investors have recently bought and sold shares of HELE. American Century Companies Inc. bought a new position in shares of Helen of Troy in the 3rd quarter worth about $23,056,000. Alliancebernstein L.P. increased its stake in shares of Helen of Troy by 296.3% in the 2nd quarter. Alliancebernstein L.P. now owns 282,067 shares of the company’s stock worth $26,543,000 after acquiring an additional 210,886 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Helen of Troy by 425,092.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 59,527 shares of the company’s stock worth $5,601,000 after acquiring an additional 59,513 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Helen of Troy by 65.6% in the 2nd quarter. Renaissance Technologies LLC now owns 134,786 shares of the company’s stock worth $12,683,000 after acquiring an additional 53,376 shares in the last quarter. Finally, AHL Partners LLP increased its stake in shares of Helen of Troy by 126.4% in the 2nd quarter. AHL Partners LLP now owns 79,265 shares of the company’s stock worth $7,459,000 after acquiring an additional 44,259 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.
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Helen of Troy 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.
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