Helen of Troy Limited (HELE) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Helen of Troy Limited (NASDAQ:HELE) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $99.40.
A number of equities research analysts recently commented on the stock. BidaskClub raised shares of Helen of Troy Limited from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Bank of America Corporation assumed coverage on shares of Helen of Troy Limited in a report on Tuesday, August 29th. They set an “underperform” rating and a $87.00 target price on the stock. KeyCorp reissued a “hold” rating on shares of Helen of Troy Limited in a report on Friday, October 6th. ValuEngine raised shares of Helen of Troy Limited from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Finally, CL King assumed coverage on shares of Helen of Troy Limited in a report on Tuesday, September 12th. They set a “buy” rating and a $104.00 target price on the stock.
In related news, Director Timothy F. Meeker sold 2,500 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total value of $235,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is currently owned by insiders.
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Helen of Troy Limited (NASDAQ:HELE) opened at 96.20 on Thursday. Helen of Troy Limited has a 1-year low of $77.50 and a 1-year high of $102.88. The stock’s 50 day moving average price is $94.34 and its 200 day moving average price is $94.69. The stock has a market capitalization of $2.62 billion, a PE ratio of 24.47 and a beta of 0.99.
Helen of Troy Limited (NASDAQ:HELE) last announced its earnings results on Thursday, October 5th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.29. Helen of Troy Limited had a return on equity of 18.28% and a net margin of 6.93%. The firm had revenue of $378.46 million for the quarter, compared to the consensus estimate of $377.08 million. During the same quarter in the previous year, the business earned $1.31 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Helen of Troy Limited will post $6.72 earnings per share for the current year.
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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