Helen of Troy Ltd. (HELE) Rating Lowered to Sell at Zacks Investment Research
Helen of Troy Ltd. (NASDAQ:HELE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
According to Zacks, “Helen of Troy Limited is a leading designer, producer and marketer of brand name consumer products. The Company’s products include hair dryers, curling irons, hair setters, women’s shavers, brushes, combs, hair accessories, home hair clippers, mirrors, foot baths, body massagers, depilatories and paraffin baths. The Company’s products are sold by mass merchandisers, drug chains, warehouse clubs and grocery stores under the licensed trade names of Vidal Sassoon, the trademark Revlon, Dr. Scholl’s, the trademark BARBIE, and Sunbeam and Oster brands. “
Several other brokerages have also recently commented on HELE. Jefferies Group set a $114.00 price objective on shares of Helen of Troy and gave the company a “buy” rating in a research note on Monday, August 1st. Sidoti upgraded shares of Helen of Troy from a “neutral” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Friday, August 19th. Finally, KeyCorp restated a “hold” rating on shares of Helen of Troy in a research note on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Helen of Troy presently has an average rating of “Hold” and an average target price of $107.50.
Helen of Troy (NASDAQ:HELE) opened at 83.06 on Wednesday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 22.66 and a beta of 1.00. Helen of Troy has a 12 month low of $79.01 and a 12 month high of $106.50. The company’s 50 day moving average is $87.46 and its 200-day moving average is $96.65.
Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings data on Thursday, October 6th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.14 by $0.17. Helen of Troy had a net margin of 6.70% and a return on equity of 18.63%. The business earned $368.17 million during the quarter. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The business’s revenue was down .3% on a year-over-year basis. On average, analysts expect that Helen of Troy will post $6.16 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of HELE. Pacad Investment Ltd. bought a new position in Helen of Troy during the second quarter worth approximately $113,000. LS Investment Advisors LLC boosted its position in Helen of Troy by 63.8% in the second quarter. LS Investment Advisors LLC now owns 1,694 shares of the company’s stock worth $174,000 after buying an additional 660 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Helen of Troy during the second quarter worth approximately $188,000. Pacer Advisors Inc. bought a new position in Helen of Troy during the second quarter worth approximately $195,000. Finally, Genesee Valley Trust Co. bought a new position in Helen of Troy during the second quarter worth approximately $214,000. 94.71% of the stock is currently owned by institutional investors.
Helen of Troy Company Profile
Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has four segments. The Housewares segment provides a range of consumer products for the home.
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