Helen of Troy Limited’s (HELE) Hold Rating Reiterated at KeyCorp
Several other research firms have also weighed in on HELE. BidaskClub raised Helen of Troy Limited from a hold rating to a buy rating in a research note on Monday, July 24th. Bank of America Corporation began coverage on Helen of Troy Limited in a research note on Tuesday, August 29th. They issued an underperform rating and a $87.00 price objective on the stock. Finally, CL King began coverage on Helen of Troy Limited in a research note on Tuesday, September 12th. They issued a buy rating and a $104.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $99.40.
Helen of Troy Limited (HELE) opened at 87.80 on Friday. Helen of Troy Limited has a 12 month low of $77.50 and a 12 month high of $102.88. The firm has a market cap of $2.39 billion, a P/E ratio of 19.06 and a beta of 0.99. The company’s 50-day moving average is $94.85 and its 200 day moving average is $94.62.
Helen of Troy Limited (NASDAQ:HELE) last released its quarterly earnings data on Thursday, October 5th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.29. The business had revenue of $378.46 million for the quarter, compared to analyst estimates of $377.08 million. Helen of Troy Limited had a return on equity of 14.98% and a net margin of 6.93%. Helen of Troy Limited’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.31 earnings per share. Equities research analysts expect that Helen of Troy Limited will post $6.71 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in shares of Helen of Troy Limited during the second quarter valued at about $869,000. Nomura Holdings Inc. acquired a new stake in shares of Helen of Troy Limited during the second quarter valued at about $421,000. The Manufacturers Life Insurance Company boosted its stake in shares of Helen of Troy Limited by 425,092.9% during the second quarter. The Manufacturers Life Insurance Company now owns 59,527 shares of the company’s stock valued at $5,601,000 after purchasing an additional 59,513 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Helen of Troy Limited during the second quarter valued at about $213,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Helen of Troy Limited during the second quarter valued at about $215,000. 89.89% of the stock is currently owned by hedge funds and other institutional investors.
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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