Helen of Troy (NASDAQ:HELE) Price Target Raised to $78.00

Helen of Troy (NASDAQ:HELE) had its price target upped by DA Davidson from $71.00 to $78.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock. 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 reaffirmed a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a research report on Monday, October 7th.

Helen of Troy Price Performance

Shares of Helen of Troy stock opened at $72.51 on Monday. Helen of Troy has a 52 week low of $48.05 and a 52 week high of $127.83. 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 stock has a market cap of $1.66 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.85. The company’s 50-day moving average price is $64.83 and its two-hundred day moving average price is $71.95.

Helen of Troy (NASDAQ:HELE) last released its earnings results on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.16. The business had revenue of $474.20 million for the quarter, compared to the consensus estimate of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. As a group, sell-side analysts anticipate that Helen of Troy will post 6.37 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HELE. Pacer Advisors Inc. grew its stake in Helen of Troy by 30,278.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock valued at $66,176,000 after acquiring an additional 1,066,418 shares in the last quarter. Pzena Investment Management LLC purchased a new position in Helen of Troy during the third quarter valued at approximately $35,962,000. William Blair Investment Management LLC acquired a new position in Helen of Troy in the 2nd quarter valued at approximately $29,749,000. Invenomic Capital Management LP purchased a new stake in Helen of Troy in the 3rd quarter worth approximately $14,303,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Helen of Troy during the 3rd quarter valued at $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.