UBS Group Lowers Helen of Troy (NASDAQ:HELE) Price Target to $69.00

Helen of Troy (NASDAQ:HELE) had its target price reduced by stock analysts at UBS Group from $79.00 to $69.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 17.01% from the stock’s previous close.

Several other brokerages have also issued reports on HELE. DA Davidson lifted their price target on Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Canaccord Genuity Group reissued a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a research note on Monday, October 7th.

Helen of Troy Stock Down 0.5 %

HELE stock opened at $58.97 on Tuesday. Helen of Troy has a 52 week low of $48.05 and a 52 week high of $127.83. The business has a 50-day simple moving average of $65.95 and a 200 day simple moving average of $64.00. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.35 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Wednesday, January 8th. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.07. The company had revenue of $530.70 million during the quarter, compared to the consensus estimate of $532.91 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.79 EPS. Sell-side analysts anticipate that Helen of Troy will post 6.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Helen of Troy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Helen of Troy by 96.0% in the fourth quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock valued at $29,000 after purchasing an additional 237 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Helen of Troy by 30.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock valued at $48,000 after buying an additional 182 shares during the last quarter. Signaturefd LLC acquired a new stake in Helen of Troy during the 3rd quarter worth approximately $61,000. Mercer Global Advisors Inc. ADV acquired a new position in Helen of Troy in the 2nd quarter valued at approximately $270,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Helen of Troy during the third quarter valued at $315,000.

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.