Helen of Troy Limited (HELE) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Helen of Troy Limited (NASDAQ:HELE) from a hold rating to a buy rating in a report released on Tuesday.

Other research analysts also recently issued research reports about the stock. CL King initiated coverage on shares of Helen of Troy Limited in a research report on Tuesday, September 12th. They set a buy rating and a $104.00 price target on the stock. BidaskClub upgraded shares of Helen of Troy Limited from a hold rating to a buy rating in a research report on Monday, July 24th. KeyCorp reiterated a hold rating on shares of Helen of Troy Limited in a research report on Friday, October 6th. Finally, Bank of America Corporation initiated coverage on shares of Helen of Troy Limited in a research report on Tuesday, August 29th. They set an underperform rating and a $87.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $99.40.

Shares of Helen of Troy Limited (NASDAQ HELE) opened at 90.40 on Tuesday. The company has a 50-day moving average of $94.27 and a 200 day moving average of $94.58. Helen of Troy Limited has a 12 month low of $77.50 and a 12 month high of $102.88. The company has a market capitalization of $2.46 billion, a P/E ratio of 19.63 and a beta of 0.99.

Helen of Troy Limited (NASDAQ:HELE) last posted its earnings results on Thursday, October 5th. The company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.29. Helen of Troy Limited had a net margin of 6.93% and a return on equity of 14.98%. The business had revenue of $378.46 million for the quarter, compared to analyst estimates of $377.08 million. During the same quarter in the prior year, the firm earned $1.31 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts forecast that Helen of Troy Limited will post $6.72 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Helen of Troy Limited by 21,305.1% during the 1st quarter. BlackRock Inc. now owns 2,805,144 shares of the company’s stock worth $264,244,000 after buying an additional 2,792,039 shares in the last quarter. Vanguard Group Inc. lifted its position in Helen of Troy Limited by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 2,259,325 shares of the company’s stock worth $212,829,000 after buying an additional 68,092 shares in the last quarter. Champlain Investment Partners LLC lifted its position in Helen of Troy Limited by 32.7% during the 1st quarter. Champlain Investment Partners LLC now owns 536,065 shares of the company’s stock worth $50,497,000 after buying an additional 132,080 shares in the last quarter. Wellington Management Group LLP lifted its position in Helen of Troy Limited by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 379,813 shares of the company’s stock worth $35,778,000 after buying an additional 1,855 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Helen of Troy Limited by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 307,094 shares of the company’s stock worth $28,898,000 after buying an additional 1,198 shares in the last quarter. Institutional investors and hedge funds own 89.89% of the company’s stock.

About Helen of Troy Limited

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.

Analyst Recommendations for Helen of Troy Limited (NASDAQ:HELE)

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