DA Davidson maintained its Helen Of Troy [HELE] rating to the equivalent of Buy but changed the price target to $260.0 from $248, in a research note dated 2021-01-08. That figure represents around a 16.33% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with BofA/Merrill’s analysts reiterating the shares to “a Buy” rating in a research note to investors issued in early July. Meanwhile, Sidoti had lowered its rating on HELE to “Neutral” from the earlier “Buy”, in a research note produced for clients May 08, 2019. In addition, there was an upgrade from BofA/Merrill on July 10, 2018. The rater changed HELE from “a Neutral” to “a Buy”.
Is Helen of Troy Limited [NASDAQ:HELE] a Good Buy Right Now?
It should be noted that HELE technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 96% Buy in the past month. Data from Helen of Troy Limited’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.22 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.22 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.21 million shares.
HELE Price Performance
On Wall Street, Helen of Troy Limited [NASDAQ:HELE] finished Thursday’s session down -2.19% at $223.51. The stock went up to $227.00 at the same session while its lowest single day price was $208.74. In the last five days, it saw a fall of about -0.02%, Helen of Troy Limited shares gained by almost 0.59% since the beginning of the year. However, the share price has dropped to as low as -3.06% below its one year high. On 01/06/21, the company shares recorded $229.13, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/07/21, the same year at $208.74. The company’s shares have inclined by 22.09% in the past year. The 50-day SMA achieved is $209.30 while the 200-day SMA is $189.07. Volume gained to 0.63 million from 0.28 million in the previous session.
Helen of Troy Limited [HELE] Valuation Measures
Notably, Helen of Troy Limited [HELE] stock cannot be classified as a good candidate in the listing of underestimated low-priced Household & Personal Products companies to purchase soonest possible with the prevailing 12-month PE ratio of 26.66. The measure means the stock is exchanging at a premium as compared to the 20.17x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.05 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.06 which means HELE serve an unattractive investment opportunity compared to its competitors.
HELE Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 212.50 level, and in case of violation of this particular level, it will cause more drop to 201.49 level. On the upper level, 238.01 is still the key resistance. The stock may increase to the subsequent resistance at 230.76. The Relative Strength Index (RSI) pinned on the 14-day chart is 57.41, implying a neutral technical stance while the MACD stands at 0.50, meaning price will decrease in the next trading period. Percent R indicator moved to 32.31%, implying low price movement. Stochastic %K at 60.69% suggest selling the stock.
What is the short interest in Helen of Troy Limited?
Short interest in the Helen of Troy Limited stock has plunged, decreasing by 70000.0 shares to total 2.93 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.86 million, data from Yahoo Finance shows. The increase of 2.39% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 13.22% of the overall float for the stock.
Helen of Troy Limited’s Biggest Shareholders: Who Owns Helen of Troy Limited [HELE]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 2,523,237 shares or roughly 9.95% of the outstanding HELE shares. This means their shares have reduced by -99,812 from the 2,523,237 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $444,466,876. Details in the latest 13F filings reveal that Capital Research & Management Co disposed off their -3.36% stake valued at $345,581,661 while Fidelity Management & Research Co cut theirs at $344,423,652. During the last quarter, Capital Research & Management Co liquidated -59,401 of its shares in Helen of Troy Limited while Fidelity Management & Research Co sold -260,250 shares. The JPMorgan Investment Management, I’s holdings currently number 989,978 shares at $221269982.78. According to the firm’s last 13F report, William Blair Investment Manageme shares in the company at filing stood at 914,525 shares, roughly $184,724,905.
HELE Earnings Forecast For The Current Quarter
Helen of Troy Limited [HELE] is expected to report weak earnings results for the quarter ending on Feb 2021. Consensus estimates give the company expected revenues of $491.11M and an earnings per share of $1.79 for Feb 2021. Looking further ahead, the company is expected to report revenue of $445.9M at an EPS of $2.6 for May 2021. The estimates represent upside of 0.50% and 3.60% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
HELE Earnings Estimates For The Current Year
For the financial year, Helen of Troy Limited [NASDAQ:HELE] is expected to bring in revenue of $2.02B. The returns are nearly $310.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 11.2, higher than that of FY20 by $1.9. Estimates put this year’s earnings growth at 20.40%, 2.90% for the next, and at an annual 9.40% over the next 5-year period. As for sales, forecasts are for an increase of 18.30% in the current fiscal year and a further 0.50% over the following year.