Helen of Troy Ltd (HELE) stock expected to rise by 141.8%: What’s driving the optimism?

A share price of Helen of Troy Ltd [HELE] is currently trading at $28.95, up 3.43%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HELE shares have gain 10.24% over the last week, with a monthly amount glided 8.26%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Helen of Troy Ltd [NASDAQ: HELE] stock has seen the most recent analyst activity on July 10, 2024, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $67 from $139. Previously, UBS started tracking the stock with Neutral rating on April 17, 2023, and set its price target to $99. On December 22, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $126 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $120 on November 17, 2022. Raymond James initiated its recommendation with a Mkt Perform. Sidoti upgraded its rating to Buy for this stock on February 07, 2022, but kept the price target unchanged to $263. In a note dated March 17, 2021, DA Davidson downgraded an Neutral rating on this stock but restated the target price of $247.

Helen of Troy Ltd experienced fluctuations in its stock price throughout the past year between $24.15 and $106.45. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Helen of Troy Ltd [NASDAQ: HELE] shares were valued at $28.95 at the most recent close of the market. An investor can expect a potential return of 141.8% based on the average HELE price forecast.

Analyzing the HELE fundamentals

Trailing Twelve Months sales for Helen of Troy Ltd [NASDAQ:HELE] were 1.91B which represents -1.01% decline. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.30 points at the first support level, and at 27.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.70, and for the 2nd resistance point, it is at 30.46.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Helen of Troy Ltd [NASDAQ:HELE] is 2.00. Also, the Quick Ratio is 1.03, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.35, the price to book ratio is 0.39 and price to earnings (TTM) ratio is 5.36.

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