Helen of Troy (NASDAQ:HELE) Price Target Raised to $78.00 at DA Davidson

Helen of Troy (NASDAQ:HELE) had its target price lifted by DA Davidson from $71.00 to $78.00 in a research report sent to investors on Monday morning,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a $84.00 price target on shares of Helen of Troy in a report on Monday, October 7th.

Helen of Troy Stock Performance

Shares of Helen of Troy stock opened at $71.67 on Monday. Helen of Troy has a fifty-two week low of $48.05 and a fifty-two week high of $127.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85. The firm has a market capitalization of $1.64 billion, a P/E ratio of 11.98, a P/E/G ratio of 1.38 and a beta of 0.85. The company’s 50 day moving average price is $64.61 and its two-hundred day moving average price is $72.18.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.16. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.45 earnings per share. On average, equities analysts forecast that Helen of Troy will post 6.35 earnings per share for the current fiscal year.

Helen of Troy declared that its Board of Directors has approved a share repurchase program on Thursday, September 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 39.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Helen of Troy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cooke & Bieler LP lifted its holdings in Helen of Troy by 1.9% in the second quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company’s stock valued at $177,464,000 after buying an additional 36,095 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Helen of Troy by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock valued at $106,970,000 after buying an additional 102,767 shares during the period. Pacer Advisors Inc. lifted its holdings in Helen of Troy by 30,278.8% in the third quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock valued at $66,176,000 after buying an additional 1,066,418 shares during the period. State Street Corp lifted its holdings in Helen of Troy by 3.7% in the third quarter. State Street Corp now owns 894,681 shares of the company’s stock valued at $55,336,000 after buying an additional 31,582 shares during the period. Finally, Earnest Partners LLC lifted its holdings in Helen of Troy by 2.7% in the second quarter. Earnest Partners LLC now owns 666,256 shares of the company’s stock valued at $61,789,000 after buying an additional 17,741 shares during the period.

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.