DA Davidson Reiterates “Buy” Rating for Helen of Troy (NASDAQ:HELE)

DA Davidson restated their buy rating on shares of Helen of Troy (NASDAQ:HELE – Get Rating) in a research note published on Friday morning, Benzinga reports. The firm currently has a $138.00 target price on the stock.

Several other research firms also recently commented on HELE. Bank of America raised shares of Helen of Troy from a neutral rating to a buy rating in a report on Thursday, December 22nd. Canaccord Genuity Group increased their price objective on shares of Helen of Troy from $120.00 to $130.00 and gave the company a buy rating in a report on Tuesday, January 3rd. Finally, Canaccord Genuity Group started coverage on shares of Helen of Troy in a report on Wednesday, November 16th. They set a buy rating and a $120.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $148.50.

Helen of Troy Price Performance

Shares of NASDAQ:HELE opened at $100.63 on Friday. Helen of Troy has a twelve month low of $82.94 and a twelve month high of $221.71. The stock has a market capitalization of $2.41 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.64 and a beta of 0.65. The firm’s 50 day moving average price is $111.71 and its 200-day moving average price is $105.96. The company has a quick ratio of 1.12, a current ratio of 2.15 and a debt-to-equity ratio of 0.73.

Helen of Troy (NASDAQ:HELE – Get Rating) last announced its quarterly earnings data on Thursday, January 5th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.15. Helen of Troy had a net margin of 6.77% and a return on equity of 14.75%. The firm had revenue of $558.61 million during the quarter, compared to analysts’ expectations of $522.28 million. Equities research analysts expect that Helen of Troy will post 7.77 EPS for the current year.

Institutional Trading of Helen of Troy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HELE. Earnest Partners LLC purchased a new stake in Helen of Troy in the 4th quarter worth about $55,897,000. Norges Bank purchased a new position in Helen of Troy during the fourth quarter valued at approximately $22,832,000. Cooke & Bieler LP increased its holdings in Helen of Troy by 11.3% during the fourth quarter. Cooke & Bieler LP now owns 1,812,095 shares of the company’s stock valued at $200,979,000 after buying an additional 184,665 shares during the period. Victory Capital Management Inc. increased its position in Helen of Troy by 51.3% during the 3rd quarter. Victory Capital Management Inc. now owns 432,753 shares of the company’s stock valued at $41,735,000 after buying an additional 146,640 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Helen of Troy by 10.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,199,708 shares of the company’s stock valued at $133,060,000 after buying an additional 111,688 shares in the last quarter. 98.98% of the stock is owned by hedge funds and other institutional investors.

About Helen of Troy

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Helen of Troy Ltd. engages in the manufacture and distribution of personal care and household products. It operates through the following segments: Home and Outdoor, Health and Wellness, and Beauty. The Home and Outdoor segment offers food preparation tools, containers, electronics, baby care, and cleaning products.