Helen of Troy Limited (HELE) Stock Rating Lowered by Zacks Investment Research
Helen of Troy Limited (NASDAQ:HELE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
According to Zacks, “Helen of Troy Limited is a leading designer, producer and marketer of brand name consumer products. The Company’s products include hair dryers, curling irons, hair setters, women’s shavers, brushes, combs, hair accessories, home hair clippers, mirrors, foot baths, body massagers, depilatories and paraffin baths. The Company’s products are sold by mass merchandisers, drug chains, warehouse clubs and grocery stores under the licensed trade names of Vidal Sassoon, the trademark Revlon, Dr. Scholl’s, the trademark BARBIE, and Sunbeam and Oster brands. “
A number of other equities analysts also recently commented on the stock. Jefferies Group set a $114.00 target price on shares of Helen of Troy Limited and gave the stock a “buy” rating in a report on Monday, August 1st. Sidoti upgraded shares of Helen of Troy Limited from a “neutral” rating to a “buy” rating and set a $112.00 target price for the company in a report on Friday, August 19th. Finally, KeyCorp reiterated a “hold” rating on shares of Helen of Troy Limited in a report on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $107.50.
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Shares of Helen of Troy Limited (NASDAQ:HELE) traded up 5.25% on Wednesday, hitting $84.44. 729,799 shares of the company traded hands. The firm has a market capitalization of $2.35 billion, a P/E ratio of 23.03 and a beta of 1.00. The firm’s 50-day moving average is $87.67 and its 200 day moving average is $96.74. Helen of Troy Limited has a 1-year low of $79.01 and a 1-year high of $106.50.
Helen of Troy Limited (NASDAQ:HELE) last released its quarterly earnings data on Thursday, October 6th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.17. The firm earned $368.17 million during the quarter. Helen of Troy Limited had a return on equity of 18.63% and a net margin of 6.70%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. On average, analysts anticipate that Helen of Troy Limited will post $6.16 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of HELE. State Street Corp increased its position in Helen of Troy Limited by 31.2% in the second quarter. State Street Corp now owns 1,061,087 shares of the company’s stock valued at $109,122,000 after buying an additional 252,621 shares during the period. GW&K Investment Management LLC bought a new position in Helen of Troy Limited during the second quarter valued at about $25,009,000. Mesirow Financial Investment Management Equity Management increased its position in Helen of Troy Limited by 1,076.9% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 223,076 shares of the company’s stock valued at $22,942,000 after buying an additional 204,122 shares during the period. Fisher Asset Management LLC increased its position in Helen of Troy Limited by 57.6% in the third quarter. Fisher Asset Management LLC now owns 526,432 shares of the company’s stock valued at $45,363,000 after buying an additional 192,455 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Helen of Troy Limited by 69.3% in the second quarter. PNC Financial Services Group Inc. now owns 381,738 shares of the company’s stock valued at $39,258,000 after buying an additional 156,296 shares during the period. Hedge funds and other institutional investors own 94.71% of the company’s stock.
About Helen of Troy Limited
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 four segments. The Housewares segment provides a range of consumer products for the home.
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