Helen of Troy (NASDAQ:HELE) Given New $78.00 Price Target at DA Davidson

Helen of Troy (NASDAQ:HELE) had its target price raised by investment analysts at DA Davidson from $71.00 to $78.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price objective suggests a potential upside of 11.56% from the stock’s previous close.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a $84.00 target price on shares of Helen of Troy in a research report on Monday, October 7th.

Helen of Troy Trading Up 1.2 %

NASDAQ HELE opened at $69.92 on Monday. Helen of Troy has a 12-month low of $48.05 and a 12-month high of $127.83. The company has a fifty day simple moving average of $64.36 and a two-hundred day simple moving average of $72.39. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.60 billion, a P/E ratio of 11.69, a P/E/G ratio of 1.38 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.16. The company had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. On average, analysts forecast that Helen of Troy will post 6.35 earnings per share for the current year.

Helen of Troy declared that its board has authorized a share buyback plan on Thursday, September 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 39.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Helen of Troy

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its position in shares of Helen of Troy by 374.6% during the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 221 shares during the period. nVerses Capital LLC purchased a new stake in shares of Helen of Troy in the second quarter valued at approximately $28,000. Public Employees Retirement System of Ohio raised its stake in shares of Helen of Troy by 30.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock worth $48,000 after buying an additional 182 shares during the period. Signaturefd LLC purchased a new position in shares of Helen of Troy during the 3rd quarter valued at approximately $61,000. Finally, Bessemer Group Inc. grew its stake in Helen of Troy by 153.7% in the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock valued at $67,000 after acquiring an additional 349 shares during the period.

Helen of Troy Company Profile

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.