Helen of Troy shares appear oversold on tariff fears, says Canaccord

Canaccord believes the shares of Helen of Troy (HELE) are oversold due to tariff fears but they believe the company has been moving out of China manufacturing and near-shoring to Mexico and SE Asia including Vietnam which is currently being negotiated to reduce the tariff. Management also pulled inventory forward and stocked up ahead of expected China tariffs. Canaccord maintains its Buy rating and $92 price target on Helen of Troy shares.