Helen of Troy’s (HELE) Hold Rating Reaffirmed at Canaccord Genuity Group

Helen of Troy (NASDAQ:HELE)‘s stock had its “hold” rating restated by stock analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $23.00 target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 8.43% from the company’s current price.

HELE has been the subject of a number of other research reports. Zacks Research upgraded shares of Helen of Troy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. CJS Securities upgraded Helen of Troy to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Helen of Troy in a research report on Monday, December 29th. Finally, UBS Group restated a “neutral” rating on shares of Helen of Troy in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Helen of Troy currently has a consensus rating of “Hold” and an average target price of $24.00.

Helen of Troy Stock Performance

HELE traded up $0.44 during trading hours on Tuesday, reaching $21.21. The company’s stock had a trading volume of 67,374 shares, compared to its average volume of 509,838. The company’s 50-day moving average is $19.81 and its 200-day moving average is $22.60. Helen of Troy has a 52 week low of $17.01 and a 52 week high of $69.05. The firm has a market cap of $488.49 million, a PE ratio of -0.74 and a beta of 0.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.74 and a current ratio of 1.71.

Hedge Funds Weigh In On Helen of Troy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its stake in Helen of Troy by 4.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 359,693 shares of the company’s stock valued at $9,064,000 after acquiring an additional 15,730 shares during the last quarter. Polymer Capital Management US LLC bought a new position in shares of Helen of Troy in the 3rd quarter valued at $982,000. Mork Capital Management LLC acquired a new position in shares of Helen of Troy during the 3rd quarter worth $1,008,000. Larson Financial Group LLC raised its holdings in shares of Helen of Troy by 1,323.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,352 shares of the company’s stock worth $34,000 after buying an additional 1,257 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its stake in 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 in 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.