Helen of Troy Limited (NASDAQ:HELE) Receives Consensus Recommendation of “Buy” from Analysts
Helen of Troy Limited (NASDAQ:HELE) has earned an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $102.00.
A number of research firms recently weighed in on HELE. BidaskClub raised shares of Helen of Troy Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of Helen of Troy Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Sidoti reissued a “buy” rating and issued a $108.00 target price (down previously from $112.00) on shares of Helen of Troy Limited in a research note on Saturday, April 29th.
Helen of Troy Limited (HELE) opened at 100.15 on Friday. Helen of Troy Limited has a one year low of $77.50 and a one year high of $101.95. The company has a market cap of $2.73 billion, a PE ratio of 21.74 and a beta of 0.95. The firm has a 50-day moving average of $96.54 and a 200-day moving average of $94.66.
Helen of Troy Limited (NASDAQ:HELE) last posted its earnings results on Monday, July 10th. The company reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.08. The business had revenue of $359.61 million for the quarter, compared to analysts’ expectations of $358.40 million. Helen of Troy Limited had a net margin of 8.23% and a return on equity of 17.70%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 earnings per share. On average, analysts predict that Helen of Troy Limited will post $6.73 EPS for the current year.
Helen of Troy Limited announced that its board has authorized a share buyback plan on Monday, May 15th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In related news, VP Richard J. Oppenheim sold 1,058 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $95.40, for a total value of $100,933.20. Following the sale, the vice president now owns 756 shares of the company’s stock, valued at $72,122.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in HELE. BlackRock Inc. raised its position in Helen of Troy Limited by 21,305.1% in the first quarter. BlackRock Inc. now owns 2,805,144 shares of the company’s stock worth $264,244,000 after buying an additional 2,792,039 shares during the period. Alliancebernstein L.P. raised its position in Helen of Troy Limited by 296.3% in the second quarter. Alliancebernstein L.P. now owns 282,067 shares of the company’s stock worth $26,543,000 after buying an additional 210,886 shares during the period. Anchor Capital Advisors LLC raised its position in Helen of Troy Limited by 840.3% in the first quarter. Anchor Capital Advisors LLC now owns 171,209 shares of the company’s stock worth $16,128,000 after buying an additional 153,001 shares during the period. Champlain Investment Partners LLC raised its position in Helen of Troy Limited by 32.7% in the first quarter. Champlain Investment Partners LLC now owns 536,065 shares of the company’s stock worth $50,497,000 after buying an additional 132,080 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its position in Helen of Troy Limited by 1,884.1% in the first quarter. Public Employees Retirement Association of Colorado now owns 112,083 shares of the company’s stock worth $10,558,000 after buying an additional 106,434 shares during the period. Hedge funds and other institutional investors own 89.95% 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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