Helen of Troy (NASDAQ:HELE) Shares Up 5.1% – Here’s Why

Helen of Troy Limited (NASDAQ:HELE) was up 5.1% during trading on Friday . The company traded as high as $62.39 and last traded at $62.00. Approximately 278,317 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 659,103 shares. The stock had previously closed at $58.97.

Analysts Set New Price Targets

A number of research analysts have commented on HELE shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $84.00 target price on shares of Helen of Troy in a research report on Monday, October 7th. DA Davidson upped their target price on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Finally, UBS Group decreased their target price on shares of Helen of Troy from $79.00 to $69.00 and set a “neutral” rating on the stock in a research report on Tuesday.

Helen of Troy Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85. The company has a market capitalization of $1.43 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90. The stock’s 50 day simple moving average is $65.85 and its 200-day simple moving average is $63.97.

Helen of Troy (NASDAQ:HELE) last released its earnings results on Wednesday, January 8th. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.07. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The firm had revenue of $530.70 million for the quarter, compared to analyst estimates of $532.91 million. During the same period in the prior year, the firm earned $2.79 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, equities analysts forecast that Helen of Troy Limited will post 6.37 earnings per share for the current fiscal year.

Institutional Trading of Helen of Troy

Large investors have recently made changes to their positions in the company. First Hawaiian Bank boosted its holdings in Helen of Troy by 7.2% in the fourth quarter. First Hawaiian Bank now owns 10,032 shares of the company’s stock valued at $600,000 after purchasing an additional 671 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Helen of Troy by 5.8% in the fourth quarter. Nordea Investment Management AB now owns 48,961 shares of the company’s stock valued at $2,923,000 after purchasing an additional 2,675 shares in the last quarter. GAMMA Investing LLC boosted its holdings in 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. JPMorgan Chase & Co. boosted its holdings in Helen of Troy by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 83,889 shares of the company’s stock valued at $5,189,000 after purchasing an additional 5,920 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Helen of Troy by 37.9% in the third quarter. Principal Financial Group Inc. now owns 124,834 shares of the company’s stock valued at $7,721,000 after purchasing an additional 34,318 shares in 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.