Helen of Troy Limited (HELE) Given Consensus Recommendation of “Buy” by Brokerages
Helen of Troy Limited (NASDAQ:HELE) has been assigned a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $102.00.
Several equities analysts have commented on HELE shares. Zacks Investment Research raised shares of Helen of Troy Limited from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub lowered shares of Helen of Troy Limited from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, Sidoti reaffirmed a “buy” rating and set a $108.00 price target (down from $112.00) on shares of Helen of Troy Limited in a report on Saturday, April 29th.
In related news, VP Richard J. Oppenheim sold 1,058 shares of Helen of Troy Limited stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $95.40, for a total transaction of $100,933.20. Following the sale, the vice president now directly owns 756 shares of the company’s stock, valued at approximately $72,122.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.57% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its stake in Helen of Troy Limited by 13.7% in the first quarter. Wells Fargo & Company MN now owns 644,942 shares of the company’s stock valued at $60,753,000 after buying an additional 77,825 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Helen of Troy Limited by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 9,933 shares of the company’s stock valued at $936,000 after buying an additional 100 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Helen of Troy Limited during the first quarter valued at approximately $1,072,000. Strs Ohio increased its stake in Helen of Troy Limited by 43.8% in the first quarter. Strs Ohio now owns 2,300 shares of the company’s stock valued at $216,000 after buying an additional 700 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new stake in Helen of Troy Limited during the first quarter valued at approximately $541,000. 89.95% of the stock is currently owned by institutional investors.
Helen of Troy Limited (HELE) opened at 100.15 on Friday. The stock’s 50 day moving average is $96.54 and its 200-day moving average is $94.66. Helen of Troy Limited has a 12 month low of $77.50 and a 12 month high of $101.95. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 21.74 and a beta of 0.95.
Helen of Troy Limited (NASDAQ:HELE) last released its earnings results on Monday, July 10th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. Helen of Troy Limited had a net margin of 8.23% and a return on equity of 17.70%. The firm had revenue of $359.61 million for the quarter, compared to analyst estimates of $358.40 million. During the same period last year, the firm earned $1.27 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts anticipate that Helen of Troy Limited will post $6.73 earnings per share for the current fiscal year.
Helen of Troy Limited announced that its Board of Directors has initiated a stock repurchase plan on Monday, May 15th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Helen of Troy Limited 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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