Helen of Troy (NASDAQ:HELE) Price Target Cut to $69.00 by Analysts at UBS Group

Helen of Troy (NASDAQ:HELE) had its target price lowered by investment analysts at UBS Group from $79.00 to $69.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 15.48% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson raised their price target on shares of Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, November 25th.

Helen of Troy Stock Performance

NASDAQ HELE opened at $59.75 on Tuesday. Helen of Troy has a 1 year low of $48.05 and a 1 year high of $127.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85. The stock has a market capitalization of $1.37 billion, a PE ratio of 9.99, a P/E/G ratio of 1.34 and a beta of 0.90. The company’s 50 day simple moving average is $66.18 and its two-hundred day simple moving average is $64.32.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 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 analyst estimates of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 EPS. Analysts predict that Helen of Troy will post 6.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HELE. GAMMA Investing LLC raised its holdings in Helen of Troy by 96.0% in the fourth quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock worth $29,000 after buying an additional 237 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Helen of Troy by 30.3% in the third quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock worth $48,000 after acquiring an additional 182 shares during the period. Signaturefd LLC bought a new stake in shares of Helen of Troy in the third quarter worth approximately $61,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Helen of Troy in the second quarter worth approximately $270,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Helen of Troy in the third quarter worth approximately $315,000.

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.