Zacks Investment Research Downgrades Helen of Troy (HELE) to Sell
Helen of Troy (NASDAQ:HELE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Helen of Troy Limited is a leading global consumer products company offering creative solutions for their customers through a diversified portfolio of well-recognized and widely trusted brands. They have built leading market positions through new product innovation, product quality and competitive pricing. They have four business segments: Housewares, Health & Home, Nutritional Supplements and Beauty. Their Housewares segment provides a broad range of products to help with food preparation, cooking, cleaning, organization, beverage service. Their Health & Home products focuses on healthcare and home comfort products. Their Nutritional Supplements segment provides premium branded doctor formulated nutritional supplements, skincare and pain relief products. Their Beauty segment provides personal care, beauty care and wellness products including hair styling appliances; grooming tools; decorative haircare accessories; and liquid-, solid- and powder-based personal care products. “
HELE has been the topic of several other reports. CL King started coverage on shares of Helen of Troy in a report on Tuesday, September 12th. They issued a “buy” rating and a $104.00 target price on the stock. ValuEngine upgraded shares of Helen of Troy from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. KeyCorp reiterated a “hold” rating on shares of Helen of Troy in a report on Friday, October 6th. Bank of America started coverage on shares of Helen of Troy in a report on Tuesday, August 29th. They issued an “underperform” rating and a $87.00 target price on the stock. Finally, BidaskClub lowered shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $99.40.
Helen of Troy (NASDAQ:HELE) opened at $90.10 on Tuesday. Helen of Troy has a twelve month low of $79.90 and a twelve month high of $102.88. The firm has a market cap of $2,449.90, a P/E ratio of 13.33, a P/E/G ratio of 12.50 and a beta of 0.91. The company has a quick ratio of 0.85, a current ratio of 1.89 and a debt-to-equity ratio of 0.41.
Helen of Troy (NASDAQ:HELE) last posted its earnings results on Thursday, October 5th. The company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.29. The company had revenue of $378.46 million for the quarter, compared to analyst estimates of $377.08 million. Helen of Troy had a net margin of 6.93% and a return on equity of 18.28%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. equities analysts predict that Helen of Troy will post 6.42 EPS for the current fiscal year.
In related news, Director Timothy F. Meeker sold 2,500 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $235,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.57% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC grew its position in Helen of Troy by 66.0% in the second quarter. Flinton Capital Management LLC now owns 1,408 shares of the company’s stock valued at $133,000 after purchasing an additional 560 shares in the last quarter. Riverhead Capital Management LLC grew its position in Helen of Troy by 85.0% in the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the company’s stock valued at $157,000 after purchasing an additional 765 shares in the last quarter. Citigroup Inc. grew its position in Helen of Troy by 18.3% in the second quarter. Citigroup Inc. now owns 1,735 shares of the company’s stock valued at $163,000 after purchasing an additional 268 shares in the last quarter. Victory Capital Management Inc. grew its position in Helen of Troy by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,966 shares of the company’s stock valued at $185,000 after purchasing an additional 295 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Helen of Troy in the second quarter valued at $213,000. 91.76% of the stock is owned by institutional investors and hedge funds.
About Helen of Troy
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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