Jefferies Reiterates Buy on Helen of Troy (HELE) Ahead of 2Q Report

October 5, 2016 8:01 AM EDT
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Price: $90.65 --0%

Rating Summary:
    1 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 28 | New: 23
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Jefferies reiterated a Buy rating and $116.00 price target on Helen of Troy (NASDAQ: HELE) ahead of the company's 2Q report.

Analyst Trevor Young commented, "HELE will report F2Q17 results on Thursday (10/6) AMC. We worry that beauty may worsen in F2Q as lackluster sub-category growth and ~1,500bps tougher compares weigh, while nutrition may not yet be turning a corner. We are ~1% (~$4m) below cons. rev. and less aggressive on GM (+195bps vs. +215bps), but more constructive on SG&A discipline (-$2m vs. cons.). We're subsequently +2% ahead of adj. EBITDA and +3% ahead on adj. EPS ($1.18 vs. $1.14)."

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 $86.59 yesterday.

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