DA Davidson Sees 'Beat and Raise' for Helen of Troy (HELE)

January 5, 2022 1:23 PM EST
Get Alerts HELE Hot Sheet
Price: $161.89 --0%

Rating Summary:
    3 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 21 | New: 51
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DA Davidson analyst Linda Bolon Weiser reiterated a Buy rating and $266.00 price target on Helen of Troy (NASDAQ: HELE) saying they expect a 'beat and raise' tomorrow.

The analyst commented, "HELE reports F3Q22 tomorrow, with its call at 9:00 AM ET. We are reiterating our highest-on-the-Street sales and EPS estimates for the quarter. We expect HELE to raise its FY22 guidance, partly because the Osprey acquisition should be slightly accretive in F4Q22. The stock had a neutral reaction to the Osprey deal on November 29th and is up only 2% since then; HELE will have a chance to give more color at the ICR conference next week. Our rating is NEUTRAL, but we are warming up due to our higher-than-consensus estimates and increasing visibility on return to positive organic sales growth. Our PT is $266, based on 18x FY24E EPS of $14.75."

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 $245.96 yesterday.

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