Research analysts at Oppenheimer began coverage on shares of Helen of Troy (NASDAQ:HELE) in a research note issued on Thursday, TipRanks reports. The firm set a “buy” rating and a $255.00 price target on the stock. Oppenheimer’s price target would suggest a potential upside of 16.01% from the company’s previous close. Oppenheimer also issued estimates for Helen of Troy’s Q4 2021 earnings at $1.50 EPS.
Other analysts have also recently issued research reports about the company. Sidoti initiated coverage on Helen of Troy in a research report on Wednesday, September 30th. They set a “neutral” rating for the company. Bank of America downgraded shares of Helen of Troy from a “buy” rating to a “neutral” rating and set a $235.00 price target for the company. in a report on Friday, January 8th. DA Davidson lifted their target price on shares of Helen of Troy from $246.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, January 8th. BidaskClub lowered Helen of Troy from a “buy” rating to a “hold” rating in a research note on Friday, January 1st. Finally, ValuEngine cut Helen of Troy from a “hold” rating to a “sell” rating in a report on Thursday, January 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $230.00.
Shares of HELE opened at $219.80 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.90 and a debt-to-equity ratio of 0.23. Helen of Troy has a 52-week low of $104.01 and a 52-week high of $230.56. The company has a 50-day simple moving average of $216.65 and a 200-day simple moving average of $202.71. The company has a market capitalization of $5.36 billion, a PE ratio of 26.23, a P/E/G ratio of 2.19 and a beta of 0.93.
Helen of Troy (NASDAQ:HELE) last issued its earnings results on Wednesday, January 6th. The company reported $3.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.02 by $0.74. Helen of Troy had a net margin of 11.41% and a return on equity of 22.98%. The company had revenue of $637.70 million during the quarter, compared to analysts’ expectations of $551.85 million. During the same period last year, the company posted $3.12 earnings per share. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. On average, research analysts anticipate that Helen of Troy will post 10.53 EPS for the current year.
A number of institutional investors have recently modified their holdings of the stock. USA Financial Portformulas Corp purchased a new stake in Helen of Troy during the third quarter valued at about $28,000. First Horizon Advisors Inc. grew its holdings in shares of Helen of Troy by 34.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 217 shares of the company’s stock worth $41,000 after purchasing an additional 56 shares during the period. Steward Partners Investment Advisory LLC increased its position in Helen of Troy by 55.5% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 227 shares of the company’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Helen of Troy in the third quarter valued at approximately $46,000. Finally, Private Advisor Group LLC acquired a new position in Helen of Troy during the second quarter valued at approximately $114,000. Hedge funds and other institutional investors own 92.53% of the company’s stock.
Helen of Troy Company Profile
Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. The company operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, thermoses, drinkware, travel mugs, and food containers.
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