Helen of Troy (NASDAQ:HELE) Shares Gap Up – Should You Buy?

Helen of Troy Limited (NASDAQ:HELE)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $62.37, but opened at $73.66. Helen of Troy shares last traded at $76.14, with a volume of 1,312,963 shares.

Wall Street Analyst Weigh In

HELE has been the subject of several research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a research note on Monday. StockNews.com lowered shares of Helen of Troy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. DA Davidson lowered Helen of Troy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $139.00 to $67.00 in a research note on Wednesday, July 10th. Finally, UBS Group reduced their target price on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th.

Helen of Troy Stock Up 21.2 %

The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.18 and a beta of 0.86. The business’s 50-day moving average is $55.95 and its 200-day moving average is $80.71. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.87.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Tuesday, July 9th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.60). The firm had revenue of $416.80 million for the quarter, compared to analyst estimates of $445.85 million. Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. On average, equities analysts predict that Helen of Troy Limited will post 6.33 EPS for the current year.

Helen of Troy announced that its board has authorized a share buyback plan on Thursday, September 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 39.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Helen of Troy

Institutional investors have recently bought and sold shares of the business. YHB Investment Advisors Inc. bought a new stake in shares of Helen of Troy during the first quarter worth $29,000. CWM LLC increased its position in Helen of Troy by 374.6% in the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 221 shares in the last quarter. nVerses Capital LLC acquired a new stake in Helen of Troy in the 2nd quarter valued at about $28,000. Bessemer Group Inc. raised its stake in shares of Helen of Troy by 153.7% in the first quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock worth $67,000 after acquiring an additional 349 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Helen of Troy during the first quarter worth approximately $201,000.

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.