Helen of Troy Ltd. (HELE) Lowered to Sell at Zacks Investment Research
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 analysts also recently weighed in on the company. Jefferies Group reiterated a buy rating and set a $114.00 target price on shares of Helen of Troy in a research report on Wednesday, July 6th. KeyCorp reiterated a hold rating on shares of Helen of Troy in a research report on Thursday, October 6th. Finally, Sidoti upgraded Helen of Troy from a neutral rating to a buy rating and set a $112.00 target price for the company in a research report on Friday, August 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $107.50.
Shares of Helen of Troy (NASDAQ:HELE) opened at 82.94 on Wednesday. Helen of Troy has a 12 month low of $79.01 and a 12 month high of $106.50. The stock has a market capitalization of $2.31 billion, a P/E ratio of 22.62 and a beta of 1.00. The company’s 50-day moving average is $87.67 and its 200 day moving average is $96.74.
Helen of Troy (NASDAQ:HELE) last released its earnings results on Thursday, October 6th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.17. Helen of Troy had a return on equity of 18.63% and a net margin of 6.70%. The business earned $368.17 million during the quarter. During the same quarter last year, the business posted $1.12 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts predict that Helen of Troy will post $6.16 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Pacad Investment Ltd. acquired a new stake in shares of Helen of Troy during the second quarter worth $113,000. LS Investment Advisors LLC raised its stake in shares of Helen of Troy by 63.8% in the second quarter. LS Investment Advisors LLC now owns 1,694 shares of the company’s stock worth $174,000 after buying an additional 660 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Helen of Troy during the second quarter worth $188,000. Pacer Advisors Inc. acquired a new stake in shares of Helen of Troy during the second quarter worth $195,000. Finally, Genesee Valley Trust Co. acquired a new stake in shares of Helen of Troy during the second quarter worth $214,000. Institutional investors and hedge funds own 94.71% of the company’s stock.
Helen of Troy Company Profile
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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