UBS Group Cuts Helen of Troy (NASDAQ:HELE) Price Target to $69.00

Helen of Troy (NASDAQ:HELE) had its price target lowered by UBS Group from $79.00 to $69.00 in a research note issued to investors on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group restated a “buy” rating and issued a $84.00 price target on shares of Helen of Troy in a research note on Monday, October 7th. DA Davidson boosted their target price on Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th.

Helen of Troy Trading Down 0.5 %

NASDAQ:HELE opened at $58.97 on Tuesday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 9.86, 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 $65.85 and a 200 day moving average of $63.97.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Wednesday, January 8th. The company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.07. The company 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 7.35% and a return on equity of 9.31%. Helen of Troy’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.79 earnings per share. On average, research analysts predict that Helen of Troy will post 6.37 earnings per share for the current year.

Hedge Funds Weigh In On Helen of Troy

Several hedge funds have recently modified their holdings of HELE. GAMMA Investing LLC grew its holdings 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 purchasing an additional 237 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Helen of Troy by 30.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock worth $48,000 after buying an additional 182 shares in the last quarter. Signaturefd LLC bought a new stake in shares of Helen of Troy in the 3rd quarter worth about $61,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Helen of Troy during the 2nd quarter valued at about $270,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Helen of Troy in the 3rd quarter valued at about $315,000.

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.