Helen of Troy (NASDAQ:HELE) Upgraded by Zacks Research to “Hold” Rating

Helen of Troy (NASDAQ:HELE) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other brokerages have also issued reports on HELE. CJS Securities upgraded Helen of Troy to a “strong-buy” rating in a research note on Thursday, December 11th. UBS Group reissued a “neutral” rating on shares of Helen of Troy in a report on Wednesday, November 26th. Weiss Ratings restated a “sell (d)” rating on shares of Helen of Troy in a research note on Monday, December 15th. Finally, Canaccord Genuity Group reduced their target price on Helen of Troy from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.00.

Helen of Troy Price Performance

Shares of Helen of Troy stock opened at $19.81 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.71 and a quick ratio of 0.74. The company has a market cap of $456.22 million, a PE ratio of -0.69 and a beta of 0.82. The firm has a fifty day moving average price of $19.59 and a two-hundred day moving average price of $23.03. Helen of Troy has a fifty-two week low of $17.01 and a fifty-two week high of $69.05.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HELE. Pzena Investment Management LLC grew its position in Helen of Troy by 2.6% during the 3rd quarter. Pzena Investment Management LLC now owns 1,010,756 shares of the company’s stock worth $25,471,000 after acquiring an additional 25,425 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of Helen of Troy by 3.1% during the first quarter. Earnest Partners LLC now owns 780,940 shares of the company’s stock worth $41,772,000 after purchasing an additional 23,601 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Helen of Troy by 159.2% during the third quarter. Wellington Management Group LLP now owns 747,220 shares of the company’s stock worth $18,830,000 after purchasing an additional 458,979 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Helen of Troy by 46.4% in the third quarter. Ameriprise Financial Inc. now owns 658,928 shares of the company’s stock valued at $16,605,000 after buying an additional 208,850 shares in the last quarter. Finally, Invenomic Capital Management LP raised its holdings in shares of Helen of Troy by 68.8% in the third quarter. Invenomic Capital Management LP now owns 554,985 shares of the company’s stock valued at $13,986,000 after buying an additional 226,263 shares during the last quarter.

About Helen of Troy

Helen of Troy Limited is a global consumer products company that designs, sources and markets a diversified portfolio of household, health and beauty brands. Headquartered in El Paso, Texas, the company operates through three principal segments—Health & Home, Housewares and Beauty—offering products under well-known names including OXO, Vicks, Braun, Honeywell Home, PUR and Hot Tools. Helen of Troy distributes its products through a combination of mass, specialty and e-commerce channels to consumers, retailers and distributors worldwide.

The Housewares segment features kitchen tools, gadgets and organizational solutions marketed primarily under the OXO brand, recognized for its ergonomic “Good Grips” design.