DA Davidson Reiterates Buy Rating on Helen of Troy (HELE) After Growth Target Raised At Analyst Day

DA Davidson analyst Linda Bolton Weiser reiterated a Buy rating and $164.00 price target on Helen of Troy (NASDAQ: HELE) after the company raised the Organic Growth Target by 20% at its May 21st analyst meeting, the first in four years.

The analyst noted 4 key points:

1) the company has evolved into a true operating company

2) it has proven the ability to deploy capital while maintaining low leverage and risk

3) it has a strategic formula enabling margin expansion with double-digit growth in investment

4) has achieved strong shareholder return with opportunity to create even more

The analyst stated "It raised its annual organic sales growth target by 0.5% to 2.5%-3.5%, and its EPS growth to ≥8% from 7%, ex. M&A and share repurchase".

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 $136.96 yesterday.

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