Helen of Troy Ltd. (HELE) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Helen of Troy Ltd. (NASDAQ:HELE) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

According to Zacks, “Helen of Troy Limited is a leading designer, producer and marketer of brand name consumer products. The Company’s products include hair dryers, curling irons, hair setters, women’s shavers, brushes, combs, hair accessories, home hair clippers, mirrors, foot baths, body massagers, depilatories and paraffin baths. The Company’s products are sold by mass merchandisers, drug chains, warehouse clubs and grocery stores under the licensed trade names of Vidal Sassoon, the trademark Revlon, Dr. Scholl’s, the trademark BARBIE, and Sunbeam and Oster brands. “

HELE has been the subject of a number of other reports. Sidoti began coverage on Helen of Troy in a report on Thursday, August 25th. They set a neutral rating and a $102.00 price target for the company. Jefferies Group set a $116.00 price target on Helen of Troy and gave the stock a buy rating in a report on Wednesday, October 5th. Finally, KeyCorp reiterated a hold rating on shares of Helen of Troy in a report on Thursday, October 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Helen of Troy currently has a consensus rating of Hold and an average target price of $107.50.

Helen of Troy (NASDAQ:HELE) opened at 82.35 on Wednesday. The firm has a 50-day moving average of $86.93 and a 200-day moving average of $96.25. The company has a market capitalization of $2.29 billion, a P/E ratio of 22.46 and a beta of 1.00. Helen of Troy has a one year low of $79.01 and a one year high of $106.50.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Thursday, October 6th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.17. The business earned $368.17 million during the quarter. Helen of Troy had a return on equity of 18.63% and a net margin of 6.70%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 earnings per share. On average, analysts anticipate that Helen of Troy will post $6.16 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in HELE. Pacad Investment Ltd. purchased a new position in shares of Helen of Troy during the second quarter worth approximately $113,000. LS Investment Advisors LLC boosted its position in shares of Helen of Troy by 63.8% in the second quarter. LS Investment Advisors LLC now owns 1,694 shares of the company’s stock valued at $174,000 after buying an additional 660 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Helen of Troy during the second quarter valued at about $188,000. Pacer Advisors Inc. bought a new position in shares of Helen of Troy during the second quarter valued at about $195,000. Finally, Genesee Valley Trust Co. bought a new position in shares of Helen of Troy during the second quarter valued at about $214,000. Institutional investors own 95.34% of the company’s stock.

Helen of Troy Company Profile

Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has four segments. The Housewares segment provides a range of consumer products for the home.

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