Helen of Troy Limited (NASDAQ:HELE) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Monday, July 24th.
HELE has been the topic of several other research reports. Sidoti reiterated a “buy” rating and set a $108.00 price objective (down previously from $112.00) on shares of Helen of Troy Limited in a research note on Saturday, April 29th. Zacks Investment Research lowered shares of Helen of Troy Limited from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Helen of Troy Limited presently has an average rating of “Buy” and an average target price of $102.75.
Shares of Helen of Troy Limited (NASDAQ HELE) opened at 99.80 on Monday. The firm has a 50-day moving average price of $97.53 and a 200-day moving average price of $94.93. Helen of Troy Limited has a one year low of $77.50 and a one year high of $102.88. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 21.67 and a beta of 0.95.
Helen of Troy Limited (NASDAQ:HELE) last released its quarterly earnings data on Monday, July 10th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $359.61 million for the quarter, compared to analyst estimates of $358.40 million. Helen of Troy Limited had a net margin of 8.23% and a return on equity of 17.70%. Helen of Troy Limited’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 earnings per share. Analysts anticipate that Helen of Troy Limited will post $6.73 earnings per share for the current fiscal year.
Helen of Troy Limited announced that its Board of Directors has approved a stock repurchase plan on Monday, May 15th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
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Large investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Helen of Troy Limited by 41.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,389 shares of the company’s stock valued at $118,000 after buying an additional 406 shares during the last quarter. Flinton Capital Management LLC raised its stake in shares of Helen of Troy Limited by 66.0% in the second quarter. Flinton Capital Management LLC now owns 1,408 shares of the company’s stock valued at $133,000 after buying an additional 560 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Helen of Troy Limited by 18.1% in the first quarter. Victory Capital Management Inc. now owns 1,671 shares of the company’s stock valued at $157,000 after buying an additional 256 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of Helen of Troy Limited by 85.0% in the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the company’s stock valued at $157,000 after buying an additional 765 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Helen of Troy Limited by 18.3% in the second quarter. Citigroup Inc. now owns 1,735 shares of the company’s stock valued at $163,000 after buying an additional 268 shares during the last quarter. Institutional investors own 89.27% of the company’s stock.
Helen of Troy Limited Company Profile
Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has four segments. The Housewares segment provides a range of consumer products for the home.
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