Helen of Troy (NASDAQ:HELE) Price Target Cut to $72.00 by Analysts at UBS Group

Helen of Troy (NASDAQ:HELEFree Report) had its target price lowered by UBS Group from $100.00 to $72.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, DA Davidson cut Helen of Troy from a buy rating to a neutral rating and decreased their price objective for the stock from $139.00 to $67.00 in a report on Wednesday.

View Our Latest Stock Analysis on HELE

Helen of Troy Price Performance

Shares of NASDAQ:HELE opened at $61.76 on Wednesday. The business’s fifty day moving average price is $98.88 and its two-hundred day moving average price is $109.30. The stock has a market cap of $1.41 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 1.38 and a beta of 0.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.87. Helen of Troy has a one year low of $60.00 and a one year high of $143.68.

Helen of Troy (NASDAQ:HELEGet Free Report) last announced its earnings results on Tuesday, July 9th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.60). The company had revenue of $416.80 million for the quarter, compared to analyst estimates of $445.85 million. Helen of Troy had a net margin of 8.41% and a return on equity of 11.65%. Helen of Troy’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.58 EPS. On average, analysts forecast that Helen of Troy will post 8.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Helen of Troy

Hedge funds have recently made changes to their positions in the business. CWM LLC raised its position in shares of Helen of Troy by 374.6% in the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock worth $26,000 after buying an additional 221 shares during the period. YHB Investment Advisors Inc. purchased a new position in shares of Helen of Troy in the 1st quarter worth $29,000. Bessemer Group Inc. raised its position in shares of Helen of Troy by 153.7% in the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock worth $67,000 after buying an additional 349 shares during the period. Headlands Technologies LLC purchased a new position in shares of Helen of Troy in the 1st quarter worth $201,000. Finally, ARGA Investment Management LP purchased a new position in shares of Helen of Troy in the 1st quarter worth $218,000.

Helen of Troy Company Profile

(Get Free Report)

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 in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.

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