StockNews.com Upgrades Helen of Troy (NASDAQ:HELE) to Buy

Helen of Troy (NASDAQ:HELE - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.

Several other equities analysts have also recently commented on HELE. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $84.00 price target on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson boosted their price target on shares of Helen of Troy from $71.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Finally, UBS Group decreased their price objective on Helen of Troy from $79.00 to $69.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th.

Helen of Troy Stock Performance

Shares of Helen of Troy stock traded down $1.41 during trading on Monday, reaching $56.32. The company's stock had a trading volume of 352,897 shares, compared to its average volume of 472,203. Helen of Troy has a one year low of $48.05 and a one year high of $127.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.92. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.91 and a beta of 0.91. The business's fifty day moving average price is $64.35 and its 200-day moving average price is $61.79.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its quarterly earnings data on Wednesday, January 8th. The company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.07. The business had revenue of $530.70 million for the quarter, compared to the consensus estimate of $532.91 million. Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. Helen of Troy's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $2.79 earnings per share. As a group, equities research analysts predict that Helen of Troy will post 6.46 earnings per share for the current year.

Institutional Investors Weigh In On Helen of Troy

A number of large investors have recently bought and sold shares of HELE. Pzena Investment Management LLC lifted its position in Helen of Troy by 21.4% during the 4th quarter. Pzena Investment Management LLC now owns 705,711 shares of the company's stock worth $42,223,000 after buying an additional 124,269 shares in the last quarter. Amundi lifted its position in Helen of Troy by 40.9% during the 4th quarter. Amundi now owns 1,651 shares of the company's stock valued at $97,000 after purchasing an additional 479 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Helen of Troy during the 4th quarter worth approximately $3,367,000. Clark Estates Inc. NY bought a new position in Helen of Troy in the fourth quarter valued at approximately $2,256,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Helen of Troy by 17.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 482,154 shares of the company's stock valued at $28,847,000 after acquiring an additional 72,076 shares during the last quarter.

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.