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

Helen of Troy (NASDAQ:HELE) had its price objective cut by UBS Group from $79.00 to $69.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

HELE has been the topic of several other reports. DA Davidson lifted their price objective on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a research report on Monday, October 7th.

Helen of Troy Price Performance

Shares of HELE stock opened at $58.97 on Tuesday. The stock has a 50 day moving average price of $65.85 and a 200 day moving average price of $63.97. Helen of Troy has a 52-week low of $48.05 and a 52-week high of $127.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.77. The firm has a market capitalization of $1.35 billion, a P/E ratio of 9.86, a P/E/G ratio of 1.34 and a beta of 0.90.

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

Institutional Investors Weigh In On Helen of Troy

Large investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in shares of Helen of Troy by 30,278.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock valued at $66,176,000 after purchasing an additional 1,066,418 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of Helen of Troy in the third quarter worth $35,962,000. William Blair Investment Management LLC purchased a new position in shares of Helen of Troy in the second quarter worth $29,749,000. Invenomic Capital Management LP purchased a new stake in shares of Helen of Troy during the third quarter valued at $14,303,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Helen of Troy in the 3rd quarter valued at $13,800,000.

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.