Helen of Troy (NASDAQ:HELE) Now Covered by Canaccord Genuity Group

Analysts at Canaccord Genuity Group initiated coverage on shares of Helen of Troy (NASDAQ:HELEGet Rating) in a report released on Wednesday, The Fly reports. The firm set a “buy” rating and a $120.00 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 18.11% from the company’s previous close.

Other analysts also recently issued reports about the stock. StockNews.com began coverage on shares of Helen of Troy in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. DA Davidson lowered their price objective on shares of Helen of Troy from $175.00 to $115.00 and set a “neutral” rating for the company in a research note on Thursday, October 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $164.80.

Helen of Troy Stock Performance

Helen of Troy stock opened at $101.60 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 2.12 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $2.44 billion, a PE ratio of 14.43, a P/E/G ratio of 1.69 and a beta of 0.70. The firm has a fifty day simple moving average of $100.06 and a two-hundred day simple moving average of $136.68. Helen of Troy has a twelve month low of $82.94 and a twelve month high of $256.26.

Helen of Troy (NASDAQ:HELEGet Rating) last posted its quarterly earnings results on Wednesday, October 5th. The company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.06. The business had revenue of $521.40 million during the quarter, compared to the consensus estimate of $519.07 million. Helen of Troy had a net margin of 7.63% and a return on equity of 16.94%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.35 earnings per share. Research analysts expect that Helen of Troy will post 7.64 EPS for the current year.

Hedge Funds Weigh In On Helen of Troy

A number of institutional investors have recently bought and sold shares of HELE. Victory Capital Management Inc. raised its stake in Helen of Troy by 51.3% in the third quarter. Victory Capital Management Inc. now owns 432,753 shares of the company’s stock worth $41,735,000 after buying an additional 146,640 shares in the last quarter. Cooke & Bieler LP raised its stake in Helen of Troy by 7.7% in the first quarter. Cooke & Bieler LP now owns 1,463,173 shares of the company’s stock worth $286,548,000 after buying an additional 104,182 shares in the last quarter. Balyasny Asset Management LLC raised its stake in Helen of Troy by 96.8% in the third quarter. Balyasny Asset Management LLC now owns 208,481 shares of the company’s stock worth $20,106,000 after buying an additional 102,565 shares in the last quarter. Capital World Investors raised its stake in Helen of Troy by 12.8% in the first quarter. Capital World Investors now owns 881,000 shares of the company’s stock worth $172,535,000 after buying an additional 100,000 shares in the last quarter. Finally, Cardinal Capital Management LLC CT raised its stake in Helen of Troy by 64.8% in the first quarter. Cardinal Capital Management LLC CT now owns 181,640 shares of the company’s stock worth $35,572,000 after buying an additional 71,453 shares in the last quarter.

About Helen of Troy

(Get Rating)

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments: Home & Outdoor, Health & Wellness, and Beauty. The Home & Outdoor segment offers food preparation tools and gadgets, storage containers, and organization products; coffee makers, grinders, manual pour overs, and tea kettles; household cleaning products, shower organization, and bathroom accessories; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; insulated water bottles, hydration packs, drinkware, mugs, food containers, lunch containers, insulated totes, soft coolers, and accessories; and technical and outdoor sports packs, travel packs, luggage, daypacks, and everyday packs.

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