DA Davidson Forecasts Strong Price Appreciation for Helen of Troy (NASDAQ:HELE) Stock

Helen of Troy (NASDAQ:HELE) had its price target lifted by stock analysts at DA Davidson from $71.00 to $78.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 10.29% from the company’s current price. DA Davidson also issued estimates for Helen of Troy’s FY2025 earnings at $6.49 EPS and FY2026 earnings at $7.12 EPS.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $84.00 target price on shares of Helen of Troy in a research report on Monday, October 7th.

Helen of Troy Stock Performance

HELE stock opened at $70.72 on Monday. The business’s 50-day moving average price is $64.61 and its two-hundred day moving average price is $72.18. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.62 billion, a PE ratio of 11.83, a P/E/G ratio of 1.38 and a beta of 0.85. Helen of Troy has a 1-year low of $48.05 and a 1-year high of $127.83.

Helen of Troy (NASDAQ:HELE) last released its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.16. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. Helen of Troy’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 earnings per share. As a group, research analysts forecast that Helen of Troy will post 6.35 earnings per share for the current year.

Helen of Troy declared that its board has initiated a share buyback plan on Thursday, September 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 39.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in 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 worth $66,176,000 after buying an additional 1,066,418 shares during the last quarter. Pzena Investment Management LLC acquired a new position in Helen of Troy during the third quarter worth $35,962,000. William Blair Investment Management LLC acquired a new position in Helen of Troy during the second quarter worth $29,749,000. Invenomic Capital Management LP acquired a new position in Helen of Troy during the third quarter worth $14,303,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Helen of Troy during the third quarter worth $13,800,000.

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.