Helen of Troy (NASDAQ:HELE) Stock Price Expected to Rise, DA Davidson Analyst Says

Helen of Troy (NASDAQ:HELE) had its target price lifted by equities research analysts at DA Davidson from $71.00 to $78.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 11.56% from the company’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th.

Helen of Troy Price Performance

Shares of HELE stock opened at $69.92 on Monday. Helen of Troy has a twelve month low of $48.05 and a twelve month high of $127.83. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $64.36 and a two-hundred day simple moving average of $72.39. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.38 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.16. The company had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, analysts predict that Helen of Troy will post 6.35 EPS for the current fiscal year.

Helen of Troy announced that its board has approved a stock buyback plan on Thursday, September 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 39.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Helen of Troy

A number of institutional investors have recently modified their holdings of HELE. Pacer Advisors Inc. boosted its stake in Helen of Troy by 30,278.8% in the third quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock valued at $66,176,000 after acquiring an additional 1,066,418 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Helen of Troy in the 3rd quarter worth $35,962,000. William Blair Investment Management LLC acquired a new stake in shares of Helen of Troy in the 2nd quarter worth $29,749,000. Invenomic Capital Management LP purchased a new position in Helen of Troy during the 3rd quarter worth $14,303,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Helen of Troy during the 3rd quarter valued at about $13,800,000.

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.