Helen of Troy (NASDAQ:HELE) Price Target Cut to $69.00 by Analysts at UBS Group

Helen of Troy (NASDAQ:HELE) had its target price lowered by UBS Group from $79.00 to $69.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on HELE. Canaccord Genuity Group reiterated a “buy” rating and issued a $84.00 price objective on shares of Helen of Troy in a research report on Monday, October 7th. DA Davidson boosted their price objective on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, November 25th.

Helen of Troy Trading Down 0.8 %

NASDAQ:HELE opened at $59.29 on Tuesday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 9.91, a P/E/G ratio of 1.34 and a beta of 0.90. Helen of Troy has a 52 week low of $48.05 and a 52 week high of $127.83. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average of $66.05 and a 200 day moving average of $64.04.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.16. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The company had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. During the same period in the prior year, the business posted $1.45 earnings per share. Helen of Troy’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts predict that Helen of Troy will post 6.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HELE. Pacer Advisors Inc. increased its stake in shares of Helen of Troy by 30,278.8% during the third quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock valued at $66,176,000 after purchasing an additional 1,066,418 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Helen of Troy by 116.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,716 shares of the company’s stock valued at $3,570,000 after buying an additional 30,993 shares in the last quarter. Principal Financial Group Inc. raised its stake in Helen of Troy by 37.9% during the third quarter. Principal Financial Group Inc. now owns 124,834 shares of the company’s stock valued at $7,721,000 after buying an additional 34,318 shares during the last quarter. Earnest Partners LLC boosted its holdings in Helen of Troy by 2.7% in the second quarter. Earnest Partners LLC now owns 666,256 shares of the company’s stock worth $61,789,000 after acquiring an additional 17,741 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Helen of Troy in the second quarter worth $829,000.

Helen of Troy Company Profile

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.