Helen of Troy (HELE) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Helen of Troy (NASDAQ:HELE) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Other equities analysts have also recently issued research reports about the company. BidaskClub upgraded Helen of Troy from a buy rating to a strong-buy rating in a report on Saturday, December 9th. Zacks Investment Research cut Helen of Troy from a hold rating to a sell rating in a report on Tuesday, December 5th. CL King started coverage on Helen of Troy in a report on Tuesday, September 12th. They set a buy rating and a $104.00 price target for the company. Finally, KeyCorp restated a hold rating on shares of Helen of Troy in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $99.67.

Shares of Helen of Troy (NASDAQ HELE) traded up $0.10 on Wednesday, reaching $97.20. The company had a trading volume of 104,169 shares, compared to its average volume of 151,343. The company has a market cap of $2,621.29, a P/E ratio of 14.23, a PEG ratio of 6.53 and a beta of 0.91. Helen of Troy has a 52 week low of $85.40 and a 52 week high of $102.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.85.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Monday, January 8th. The company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.45. The company had revenue of $453.00 million for the quarter, compared to the consensus estimate of $452.81 million. Helen of Troy had a return on equity of 18.37% and a net margin of 1.28%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $2.37 EPS. equities research analysts predict that Helen of Troy will post 6.42 EPS for the current year.

In other Helen of Troy news, Director Timothy F. Meeker sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $235,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its holdings in Helen of Troy by 4.2% during the 3rd quarter. Wells Fargo & Company MN now owns 661,307 shares of the company’s stock valued at $64,081,000 after buying an additional 26,440 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Helen of Troy by 296.3% during the 2nd quarter. Alliancebernstein L.P. now owns 282,067 shares of the company’s stock valued at $26,543,000 after buying an additional 210,886 shares in the last quarter. American Century Companies Inc. purchased a new position in Helen of Troy during the 3rd quarter valued at approximately $23,056,000. JPMorgan Chase & Co. grew its holdings in Helen of Troy by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,390 shares of the company’s stock valued at $21,347,000 after buying an additional 24,522 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Helen of Troy by 10.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 186,380 shares of the company’s stock worth $18,061,000 after purchasing an additional 16,929 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

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About Helen of Troy

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

To view ValuEngine’s full report, visit ValuEngine’s official website.

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