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

Helen of Troy (NASDAQ:HELE) had its price objective boosted by DA Davidson from $71.00 to $78.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock. DA Davidson also issued estimates for Helen of Troy’s FY2025 earnings at $6.49 EPS and FY2026 earnings at $7.12 EPS.

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

Helen of Troy Stock Performance

NASDAQ:HELE opened at $72.51 on Monday. The company has a market capitalization of $1.66 billion, a PE ratio of 12.13, a P/E/G ratio of 1.41 and a beta of 0.85. The company has a 50 day simple moving average of $65.10 and a two-hundred day simple moving average of $71.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.77. Helen of Troy has a fifty-two week low of $48.05 and a fifty-two week high of $127.83.

Helen of Troy (NASDAQ:HELE) last posted its quarterly 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 firm had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 EPS. Research analysts anticipate that Helen of Troy will post 6.37 earnings per share for the current year.

Helen of Troy declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 39.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Helen of Troy

Several large investors have recently bought and sold shares of HELE. CWM LLC increased 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 purchasing an additional 221 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Helen of Troy during the 2nd quarter valued at $28,000. Public Employees Retirement System of Ohio increased its position 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 valued at $48,000 after purchasing an additional 182 shares during the last quarter. Signaturefd LLC purchased a new stake in shares of Helen of Troy during the 3rd quarter valued at $61,000. Finally, Bessemer Group Inc. increased its position in shares of Helen of Troy by 153.7% during the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock valued at $67,000 after purchasing an additional 349 shares during the last quarter.

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.