Helen of Troy (NASDAQ:HELE) Price Target Cut to $27.00 by Analysts at UBS Group

Key Points

• UBS Group has lowered its price target for Helen of Troy (NASDAQ:HELE) from $29.00 to $27.00, maintaining a "neutral" rating on the stock.
• Canaccord Genuity's target for Helen of Troy has also decreased to $26.00, down significantly from $47.00, with three analysts currently rating the stock as a "Hold."
• The company recently reported quarterly earnings of $0.41 per share, missing analysts' expectations, and experienced a 10.8% decline in revenue compared to the previous year.

Helen of Troy (NASDAQ:HELE - Get Free Report) had its price target cut by investment analysts at UBS Group from $29.00 to $27.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price target indicates a potential upside of 4.09% from the company's previous close.

Separately, Canaccord Genuity Group reaffirmed a "hold" rating and issued a $26.00 target price (down previously from $47.00) on shares of Helen of Troy in a report on Friday, July 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $43.67.

Helen of Troy Trading Up 2.9%

Shares of HELE stock opened at $25.94 on Thursday. The stock's fifty day moving average price is $23.72 and its two-hundred day moving average price is $29.50. The company has a market cap of $595.06 million, a PE ratio of -1.79 and a beta of 0.84. Helen of Troy has a fifty-two week low of $20.02 and a fifty-two week high of $77.95. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.70.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its earnings results on Thursday, July 10th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.50). The business had revenue of $371.66 million during the quarter, compared to analyst estimates of $400.69 million. Helen of Troy had a negative net margin of 17.89% and a positive return on equity of 8.96%. The company's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. Equities analysts predict that Helen of Troy will post 6.46 EPS for the current fiscal year.

Insider Activity

In related news, CFO Tracy Scheuerman bought 10,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were purchased at an average cost of $20.13 per share, with a total value of $201,300.00. Following the acquisition, the chief financial officer owned 33,041 shares of the company's stock, valued at $665,115.33. This represents a 43.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Grass bought 10,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were bought at an average cost of $21.47 per share, for a total transaction of $214,700.00. Following the completion of the acquisition, the chief executive officer directly owned 135,932 shares in the company, valued at approximately $2,918,460.04. This trade represents a 7.94% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,435 shares of company stock worth $425,948 over the last ninety days. Company insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HELE. Armistice Capital LLC bought a new position in shares of Helen of Troy in the 1st quarter worth about $19,845,000. M&G PLC bought a new stake in Helen of Troy in the 2nd quarter valued at about $8,951,000. Jacobs Levy Equity Management Inc. increased its position in Helen of Troy by 1,985.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 332,708 shares of the company's stock valued at $17,797,000 after buying an additional 316,755 shares in the last quarter. Ameriprise Financial Inc. increased its position in Helen of Troy by 213.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 450,078 shares of the company's stock valued at $12,773,000 after buying an additional 306,708 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in Helen of Troy in the 1st quarter valued at about $14,013,000.

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.

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