Helen of Troy (NASDAQ:HELE) Stock Rating Upgraded by StockNews.com

Helen of Troy (NASDAQ:HELE) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other research firms also recently weighed in on HELE. DA Davidson lifted their target price on shares of Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. UBS Group reduced their target price on shares of Helen of Troy from $79.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th.

Helen of Troy Price Performance

HELE opened at $56.64 on Wednesday. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.79 and a beta of 0.91. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $62.68 and a 200-day moving average price of $61.79. Helen of Troy has a twelve month low of $48.05 and a twelve month high of $127.83.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Wednesday, January 8th. The company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.07. The firm had revenue of $530.70 million during the quarter, compared to the consensus estimate of $532.91 million. Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $2.79 earnings per share. Equities analysts expect that Helen of Troy will post 6.46 EPS for the current year.

Hedge Funds Weigh In On Helen of Troy

A number of large investors have recently modified their holdings of HELE. GAMMA Investing LLC boosted its position in shares of Helen of Troy by 96.0% in the fourth quarter. GAMMA Investing LLC now owns 484 shares of the company’s stock valued at $29,000 after acquiring an additional 237 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Helen of Troy by 66.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Sterling Capital Management LLC lifted its position in Helen of Troy by 844.7% during the fourth quarter. Sterling Capital Management LLC now owns 718 shares of the company’s stock valued at $43,000 after purchasing an additional 642 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Helen of Troy during the fourth quarter valued at approximately $44,000. Finally, Public Employees Retirement System of Ohio lifted its position in Helen of Troy by 30.3% during the third quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock valued at $48,000 after purchasing an additional 182 shares during the last quarter.

About Helen of Troy

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.