Helen of Troy Limited (NASDAQ:HELE) Receives $197.40 Consensus Price Target from Brokerages

Shares of Helen of Troy Limited (NASDAQ:HELE) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $197.40.

Several equities analysts recently weighed in on the stock. ValuEngine raised shares of Helen of Troy from a “sell” rating to a “hold” rating in a research report on Tuesday, March 24th. DA Davidson raised their price objective on shares of Helen of Troy from $196.00 to $197.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. CL King raised their price objective on shares of Helen of Troy from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Oppenheimer raised their price objective on shares of Helen of Troy from $185.00 to $200.00 in a research report on Wednesday, June 10th. Finally, Bank of America reaffirmed a “buy” rating and set a $190.00 price objective (up previously from $160.00) on shares of Helen of Troy in a research report on Thursday, April 30th.

Shares of NASDAQ HELE traded up $0.90 during mid-day trading on Friday, reaching $189.12. The company had a trading volume of 40,665 shares, compared to its average volume of 229,101. The stock has a fifty day moving average of $176.43 and a two-hundred day moving average of $167.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 2.01. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.64 and a beta of 0.90. Helen of Troy has a 12-month low of $104.01 and a 12-month high of $198.59.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.24. The business had revenue of $442.37 million during the quarter, compared to analyst estimates of $401.49 million. Helen of Troy had a net margin of 8.92% and a return on equity of 19.29%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. Sell-side analysts forecast that Helen of Troy will post 8.5 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Helen of Troy during the fourth quarter worth about $60,066,000. JPMorgan Chase & Co. raised its holdings in shares of Helen of Troy by 125.8% during the first quarter. JPMorgan Chase & Co. now owns 501,669 shares of the company’s stock worth $72,255,000 after purchasing an additional 279,491 shares during the period. Capital Research Global Investors raised its holdings in shares of Helen of Troy by 10.7% during the fourth quarter. Capital Research Global Investors now owns 1,667,557 shares of the company’s stock worth $299,810,000 after purchasing an additional 160,554 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Helen of Troy by 258.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 154,271 shares of the company’s stock worth $22,220,000 after purchasing an additional 111,271 shares during the period. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Helen of Troy by 127.8% during the first quarter. Lord Abbett & CO. LLC now owns 179,364 shares of the company’s stock worth $25,834,000 after purchasing an additional 100,616 shares during the period. Institutional investors own 96.63% of the company’s stock.

About Helen of Troy

Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It 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, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.

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