Helen of Troy (HELE): Raising PT To Include "Aspirational" Scenario - Jefferies

September 8, 2016 7:25 AM EDT
Get Alerts HELE Hot Sheet
Price: $79.25 -2.7%

Rating Summary:
    2 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 27 | New: 7
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Jefferies analyst, Trevor Young, reiterated his Buy rating on shares of Helen of Troy (NASDAQ: HELE) after comparing company margins to comps and historical peak levels. The analyst created an aspirational "best case" peak margin scenario which points to 600bps+ margin opportunity and as much as +45% upside to cons EPS. The analyst stated "Although admittedly aspirational, the analysis highlights more than 600bps margin opportunity over the L-T, which in turn could drive EPS of $9.75 (+45% vs. cons.)".

To include this new scenario in the model, the analyst raised his price target to $116 from $114.

For an analyst ratings summary and ratings history on Helen of Troy click here. For more ratings news on Helen of Troy click here.

Shares of Helen of Troy closed at $90.70 yesterday.

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