Helen of Troy (HELE) PT Raised to $266 at DA Davidson

December 1, 2021 6:34 AM EST
Get Alerts HELE Hot Sheet
Price: $209.94 -3.07%

Rating Summary:
    2 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 19 | New: 35
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

DA Davidson analyst Linda Bolon Weiser raised the price target on Helen of Troy (NASDAQ: HELE) to $266.00 (from $254.00) while maintaining a Neutral rating.

The analyst commented, "HELE announced it agreed to acquire Osprey, a marketer of backpacks and daypacks, for $414M or ~13.5x CY22E EBITDA. The deal checks all the boxes and is accretive to gross margin, targeted sales growth of 2.5%-3.5%, and EPS. Valuation seems high for a "fixer upper." Sales have not recovered to the 2019 level due to supply chain issues in Vietnam, market share has been flattish, and investment is needed. The high-single digit growth targeted for FY23 could be hard to achieve if Vietnam issues persist. We are maintaining our NEUTRAL but raising our FY23E EPS by $0.57 (4%) to $13.69 and our PT to $266 from $254, based on 18x FY24E EPS of $14.75."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

D.A. Davidson, Definitive Agreement