Helen of Troy (NASDAQ:HELE) Price Target Cut to $84.00

Helen of Troy (NASDAQ:HELEGet Free Report) had its price target lowered by Canaccord Genuity Group from $137.00 to $84.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 34.92% from the stock’s previous close.

Several other equities analysts have also issued reports on HELE. DA Davidson lowered shares of Helen of Troy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $139.00 to $67.00 in a report on Wednesday. UBS Group cut their price target on shares of Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday.

View Our Latest Analysis on HELE

Helen of Troy Trading Down 3.2 %

Shares of Helen of Troy stock traded down $2.07 on Wednesday, hitting $62.26. 1,388,522 shares of the company traded hands, compared to its average volume of 308,544. The stock’s 50 day moving average price is $99.51 and its 200-day moving average price is $109.63. The company has a current ratio of 1.87, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. Helen of Troy has a 52 week low of $60.00 and a 52 week high of $143.68. The company has a market cap of $1.42 billion, a PE ratio of 8.82, a PEG ratio of 1.38 and a beta of 0.84.

Helen of Troy (NASDAQ:HELEGet Free Report) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.60). The business had revenue of $416.80 million during the quarter, compared to the consensus estimate of $445.85 million. Helen of Troy had a return on equity of 11.65% and a net margin of 8.41%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period last year, the firm earned $1.58 EPS. Equities research analysts predict that Helen of Troy will post 8.07 EPS for the current year.

Institutional Investors Weigh In On Helen of Troy

A number of large investors have recently made changes to their positions in HELE. Graham Capital Management L.P. grew its holdings in shares of Helen of Troy by 73.5% during the third quarter. Graham Capital Management L.P. now owns 10,694 shares of the company’s stock valued at $1,246,000 after buying an additional 4,532 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Helen of Troy by 13.7% in the third quarter. Wellington Management Group LLP now owns 85,303 shares of the company’s stock valued at $9,943,000 after purchasing an additional 10,294 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Helen of Troy by 16.0% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 28,705 shares of the company’s stock valued at $3,346,000 after purchasing an additional 3,959 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Helen of Troy by 0.7% in the third quarter. Vanguard Group Inc. now owns 2,408,664 shares of the company’s stock worth $280,754,000 after acquiring an additional 16,124 shares during the period. Finally, Raymond James & Associates raised its position in shares of Helen of Troy by 15.2% in the fourth quarter. Raymond James & Associates now owns 3,336 shares of the company’s stock worth $403,000 after acquiring an additional 441 shares during the period.

Helen of Troy Company Profile

(Get Free Report)

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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