Helen of Troy Limited (NASDAQ:HELE - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $69.06, but opened at $71.03. Helen of Troy shares last traded at $73.66, with a volume of 65,649 shares.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $84.00 target price on shares of Helen of Troy in a research note on Monday, October 7th. DA Davidson lifted their price target on Helen of Troy from $67.00 to $71.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th.
Read Our Latest Report on HELE
Helen of Troy Trading Up 1.2 %
The firm has a market capitalization of $1.60 billion, a P/E ratio of 11.69, a PEG ratio of 1.36 and a beta of 0.85. The business has a 50-day moving average price of $64.36 and a 200-day moving average price of $72.58. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45.
Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.16. The business had revenue of $474.20 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. Analysts anticipate that Helen of Troy Limited will post 6.35 earnings per share for the current year.
Helen of Troy announced that its board has authorized a stock repurchase plan on Thursday, September 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 39.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.
Institutional Investors Weigh In On Helen of Troy
Several hedge funds and other institutional investors have recently made changes to their positions in 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 during the last quarter. Bessemer Group Inc. grew its position in shares of Helen of Troy by 153.7% during the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company's stock worth $67,000 after buying an additional 349 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Helen of Troy in the 2nd quarter valued at approximately $289,000. Earnest Partners LLC boosted its stake in Helen of Troy by 2.7% during the 2nd quarter. Earnest Partners LLC now owns 666,256 shares of the company's stock worth $61,789,000 after acquiring an additional 17,741 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Helen of Troy by 37.9% during the third quarter. Principal Financial Group Inc. now owns 124,834 shares of the company's stock valued at $7,721,000 after purchasing an additional 34,318 shares during the period.
Helen of Troy Company Profile
(
Get Free Report)
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.
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