Helen of Troy Limited is a household and personal care products manufacturer that has recently garnered the attention of nine research firms. These firms, who are covering the company, have now given an average rating of “Moderate Buy” to Helen of Troy Limited (NASDAQ: HELE), according to Bloomberg reports. This news comes as a result of three investment analysts giving the stock a hold recommendation, while four others have issued a buy recommendation.
Moreover, the average 12-month target price among brokers that have reported on the stock in the last year is $138.60. This impressive figure indicates that investors have high expectations for this personal care giant and believe that it will continue to perform exceptionally well over time.
The company operates through two main segments: Home and Outdoor, and Beauty and Wellness. The former offers items such as food preparation tools, containers, electronics, baby care products, and cleaning goods; while the latter creates mass and prestige market beauty appliances alongside liquid-based hair and personal care products along with wellness devices including thermometers, water and air filtration systems, humidifiers, and fans.
In addition to this exciting development in the rating given by research firms to Helen of Troy Limited, we also learned about Brian Grass’s recent transaction regarding the buying of 5,000 shares worth $480,650 at an average cost per share of $96.13 on May 11th earlier this year. As a result of this deal with CFO Grass obtaining these shares directly from the company itself upon its receipt into public trading -he now directly owns 35,835 shares valued at $3,444,818.55.
Overall considering this new information obtained via legal disclosure filings with SEC regulators that accessible via hyperlink proves that since 0.88% altogether owned by insiders stock had been acquired in totality if one were looking for an opportunity in personal care-related stocks for investing this newest round data establishes a compelling case for Helen of Troy Limited as an exceptionally promising opportunity. Investors would potentially benefit from getting in the market before the increased demand drives the share price up further.
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Helen of Troy Limited: Building Momentum in the Personal Care Products Market
Helen of Troy Limited, a well-known personal care products manufacturer, has been making great strides in the market recently. Several equity analysts have issued reports on the stock, including DA Davidson and StockNews.com. The former reiterated a “buy” rating for HELE stock and suggested a price objective of $138.00 per share while the latter upgraded their rating to “hold.” UBS Group also recently analyzed Helen of Troy Limited and gave it a neutral rating with a $99.00 price target.
On June 4th, 2023, HELE stock opened at $98.47 per share. It has a market cap of $2.37 billion and carries a P/E ratio of 16.55 with a P/E/G ratio of 1.64. The company’s beta stands at 0.62 with a debt-to-equity ratio of 0.62 as well.
Helen of Troy Limited has maintained its momentum in the past year despite fluctuations in the market with one year-high being an impressive $183.57 and an equally impressive one year-low coming in at $81.14 per share.
Several large institutional investors have taken notice of this manufacturer’s recent success as well; including Rockefeller Capital Management LP, Belpointe Asset Management LLC, DZ Bank AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main and more recently Dark Forest Capital Management LP as well Focused Wealth Management Inc have all made noteworthy investments into Helen of Troy Ltd.
All in all, if Helen of Troy continues on its upward trajectory it will be exciting to see what they continue to bring to the market over time – we can expect both investors’ support and consumers’ loyalty with such strong indicators from experienced professionals.