Helen of Troy (NASDAQ:HELE) Stock Rating Upgraded by StockNews.com

Helen of Troy (NASDAQ:HELE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other research analysts have also issued reports on the stock. DA Davidson increased their target price on shares of Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. UBS Group cut their target price on shares of Helen of Troy from $79.00 to $69.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th.

Helen of Troy Trading Up 1.9 %

HELE opened at $56.64 on Wednesday. The stock has a market cap of $1.29 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91. Helen of Troy has a twelve month low of $48.05 and a twelve month high of $127.83. The company has a fifty day moving average of $62.68 and a 200-day moving average of $61.79. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.45.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Wednesday, January 8th. The company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.07. The business had revenue of $530.70 million for the quarter, compared to analyst estimates of $532.91 million. Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. Helen of Troy’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.79 earnings per share. On average, sell-side analysts predict that Helen of Troy will post 6.46 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HELE. Pacer Advisors Inc. lifted its position in shares of Helen of Troy by 30,278.8% during the third quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock valued at $66,176,000 after purchasing an additional 1,066,418 shares in the last quarter. Cooper Creek Partners Management LLC bought a new position in shares of Helen of Troy during the fourth quarter valued at about $41,248,000. Pzena Investment Management LLC bought a new position in shares of Helen of Troy during the third quarter valued at about $35,962,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Helen of Troy by 446.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company’s stock valued at $38,695,000 after purchasing an additional 528,305 shares in the last quarter. Finally, Medina Value Partners LLC increased its holdings in Helen of Troy by 303.8% during the fourth quarter. Medina Value Partners LLC now owns 318,463 shares of the company’s stock worth $19,054,000 after buying an additional 239,593 shares during the last quarter.

About Helen of Troy

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.