BidaskClub Lowers Helen of Troy (HELE) to Buy

Helen of Troy (NASDAQ:HELE) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Several other research firms have also issued reports on HELE. ValuEngine raised shares of Helen of Troy from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. TheStreet lowered shares of Helen of Troy from a “b” rating to a “c” rating in a report on Monday, January 8th. KeyCorp reissued a “hold” rating on shares of Helen of Troy in a report on Friday, November 24th. Finally, Zacks Investment Research lowered shares of Helen of Troy from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Helen of Troy currently has a consensus rating of “Hold” and a consensus price target of $99.67.

Shares of Helen of Troy (HELE) opened at $95.35 on Thursday. The stock has a market cap of $2,620.00, a P/E ratio of 132.43, a P/E/G ratio of 6.53 and a beta of 0.91. Helen of Troy has a fifty-two week low of $85.40 and a fifty-two week high of $102.88. The company has a quick ratio of 0.94, a current ratio of 1.73 and a debt-to-equity ratio of 0.41.

Helen of Troy (NASDAQ:HELE) last released its earnings results on Monday, January 8th. The company reported $2.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.45. The company had revenue of $453.00 million during the quarter, compared to analyst estimates of $452.81 million. Helen of Troy had a net margin of 1.28% and a return on equity of 18.37%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.37 EPS. analysts predict that Helen of Troy will post 6.42 earnings per share for the current fiscal year.

In other Helen of Troy news, Director Timothy F. Meeker sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total value of $235,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Flinton Capital Management LLC boosted its stake in Helen of Troy by 66.0% in the 2nd quarter. Flinton Capital Management LLC now owns 1,408 shares of the company’s stock worth $133,000 after purchasing an additional 560 shares during the period. Riverhead Capital Management LLC boosted its stake in Helen of Troy by 85.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the company’s stock worth $157,000 after purchasing an additional 765 shares during the period. Citigroup Inc. boosted its stake in Helen of Troy by 18.3% in the 2nd quarter. Citigroup Inc. now owns 1,735 shares of the company’s stock worth $163,000 after purchasing an additional 268 shares during the period. Victory Capital Management Inc. boosted its stake in Helen of Troy by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,966 shares of the company’s stock worth $185,000 after purchasing an additional 295 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Helen of Troy in the 2nd quarter worth approximately $213,000. Institutional investors and hedge funds own 92.78% of the company’s stock.

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About Helen of Troy

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 three segments. The Housewares segment provides a range of consumer products for the home.

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