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

Helen of Troy (NASDAQ:HELE) had its price target upped by equities researchers at DA Davidson from $71.00 to $78.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 10.29% from the stock’s previous close. DA Davidson also issued estimates for Helen of Troy’s FY2025 earnings at $6.49 EPS and FY2026 earnings at $7.12 EPS.

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

Helen of Troy Stock Performance

NASDAQ HELE opened at $70.72 on Monday. Helen of Troy has a 1 year low of $48.05 and a 1 year 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 cap of $1.62 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.38 and a beta of 0.85. The company has a fifty day moving average price of $64.61 and a 200-day moving average price of $72.18.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.16. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The firm had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. During the same quarter in the prior year, the business posted $1.45 EPS. The business’s revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts predict that Helen of Troy will post 6.35 EPS for the current fiscal year.

Helen of Troy declared that its board has authorized a stock buyback plan on Thursday, September 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 39.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Helen of Troy

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in Helen of Troy by 374.6% during the second quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 221 shares during the period. nVerses Capital LLC bought a new position in Helen of Troy during the second quarter valued at about $28,000. Bessemer Group Inc. grew its position in Helen of Troy by 153.7% during the first quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock valued at $67,000 after buying an additional 349 shares during the period. Public Employees Retirement System of Ohio boosted its position in Helen of Troy by 30.3% during the third quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock worth $48,000 after purchasing an additional 182 shares during the period. Finally, Signaturefd LLC bought a new position in Helen of Troy during the third quarter worth about $61,000.

Helen of Troy Company Profile

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.