Zacks Investment Research Downgrades Helen of Troy Limited (HELE) to Sell
Helen of Troy Limited (NASDAQ:HELE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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. “
Several other research firms have also weighed in on HELE. Jefferies Group set a $114.00 target price on shares of Helen of Troy Limited and gave the company 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 on the stock in a report on Friday, August 19th. Finally, KeyCorp restated 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 assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.50.
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Helen of Troy Limited (NASDAQ:HELE) traded up 5.25% during midday trading on Wednesday, reaching $84.44. The company’s stock had a trading volume of 729,799 shares. Helen of Troy Limited has a 52 week low of $79.01 and a 52 week high of $106.50. The company’s 50-day moving average is $87.67 and its 200 day moving average is $96.74. The firm has a market capitalization of $2.35 billion, a P/E ratio of 23.03 and a beta of 1.00.
Helen of Troy Limited (NASDAQ:HELE) last posted its earnings results on Thursday, October 6th. The company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.17. The business had revenue of $368.17 million for the quarter. Helen of Troy Limited had a net margin of 6.70% and a return on equity of 18.63%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. Analysts expect that Helen of Troy Limited will post $6.16 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. GW&K Investment Management LLC purchased a new position in shares of Helen of Troy Limited during the second quarter worth approximately $25,009,000. State Treasurer State of Michigan purchased a new position in shares of Helen of Troy Limited during the second quarter worth approximately $1,142,000. AXA raised its position in shares of Helen of Troy Limited by 10.3% in the first quarter. AXA now owns 57,000 shares of the company’s stock worth $5,910,000 after buying an additional 5,300 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Helen of Troy Limited by 32.1% in the first quarter. Loomis Sayles & Co. L P now owns 130,219 shares of the company’s stock worth $13,502,000 after buying an additional 31,679 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in shares of Helen of Troy Limited by 13.4% in the first quarter. Riverhead Capital Management LLC now owns 6,579 shares of the company’s stock worth $682,000 after buying an additional 779 shares in the last quarter. 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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