Canaccord Genuity Group Reiterates Buy Rating for Helen of Troy (NASDAQ:HELE)

Helen of Troy (NASDAQ:HELE - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Canaccord Genuity Group in a research note issued to investors on Monday, Benzinga reports. They currently have a $84.00 price objective on the stock. Canaccord Genuity Group's target price indicates a potential upside of 35.70% from the stock's previous close.

HELE has been the topic of several other reports. DA Davidson downgraded shares of Helen of Troy from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $139.00 to $67.00 in a research note on Wednesday, July 10th. StockNews.com downgraded shares of Helen of Troy from a "buy" rating to a "hold" rating in a research note on Wednesday, July 10th. Finally, UBS Group reduced their price objective on Helen of Troy from $100.00 to $72.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th.

Helen of Troy Price Performance

Helen of Troy stock traded down $0.88 during mid-day trading on Monday, hitting $61.90. 585,075 shares of the company traded hands, compared to its average volume of 427,669. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.87. Helen of Troy has a one year low of $48.05 and a one year high of $127.83. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 1.18 and a beta of 0.86. The stock has a fifty day moving average price of $55.92 and a 200-day moving average price of $81.44.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.60). Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The company had revenue of $416.80 million during the quarter, compared to analysts' expectations of $445.85 million. During the same quarter last year, the firm posted $1.58 earnings per share. The firm's revenue was down 12.2% on a year-over-year basis. On average, equities analysts predict that Helen of Troy will post 6.33 earnings per share for the current fiscal year.

Helen of Troy declared that its Board of Directors has approved a stock repurchase 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 usually an indication that the company's management believes its stock is undervalued.

Institutional Trading of Helen of Troy

Several large investors have recently modified their holdings of the business. CWM LLC raised its holdings in Helen of Troy by 374.6% in the 2nd quarter. CWM LLC now owns 280 shares of the company's stock worth $26,000 after purchasing an additional 221 shares in the last quarter. nVerses Capital LLC purchased a new stake in Helen of Troy in the second quarter worth about $28,000. YHB Investment Advisors Inc. bought a new stake in Helen of Troy during the 1st quarter valued at approximately $29,000. Bessemer Group Inc. grew its holdings 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 acquiring an additional 349 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Helen of Troy in the 1st quarter worth approximately $201,000.

Helen of Troy Company Profile

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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