Helen of Troy (NASDAQ:HELE) Cut to “Hold” at Zacks Research

Helen of Troy (NASDAQ:HELE) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports.

A number of other equities analysts have also weighed in on HELE. Canaccord Genuity Group lifted their price target on shares of Helen of Troy from $25.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Helen of Troy in a research note on Monday, October 19th. Finally, UBS Group raised their target price on Helen of Troy from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Helen of Troy currently has an average rating of “Hold” and a consensus price target of $27.50.

Helen of Troy Stock Performance

NASDAQ HELE opened at $37.19 on Wednesday. The business has a fifty day moving average of $29.38 and a 200-day moving average of $24.60. Helen of Troy has a fifty-two week low of $13.85 and a fifty-two week high of $39.03. The stock has a market cap of $869.87 million, a price-to-earnings ratio of -8.53 and a beta of 1.35. The company has a quick ratio of 0.75, a current ratio of 1.65 and a debt-to-equity ratio of 0.76.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Thursday, October 8th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.29. Helen of Troy had a negative net margin of 5.43% and a positive return on equity of 7.73%. The business had revenue of $440.93 million during the quarter, compared to analyst estimates of $442.33 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Helen of Troy has set its FY 2027 guidance at 3.600-4.150 EPS. As a group, analysts predict that Helen of Troy will post 3.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Helen of Troy

A number of hedge funds have recently bought and sold shares of HELE. IFP Advisors Inc increased its holdings in Helen of Troy by 122.0% during the 2nd quarter. IFP Advisors Inc now owns 1,230 shares of the company’s stock worth $36,000 after purchasing an additional 676 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Helen of Troy in the 2nd quarter valued at approximately $29,000. Versant Capital Management Inc raised its position in shares of Helen of Troy by 54.5% in the 2nd quarter. Versant Capital Management Inc now owns 3,618 shares of the company’s stock valued at $105,000 after purchasing an additional 1,277 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Helen of Troy by 142.2% during the 2nd quarter. Allworth Financial LP now owns 2,589 shares of the company’s stock valued at $75,000 after buying an additional 1,520 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Helen of Troy during the 2nd quarter valued at approximately $61,000.

About Helen of Troy

Helen of Troy Limited is a global consumer-products company that develops, markets and sells products for home and outdoor use, health and wellness, and beauty. Its portfolio includes brands such as OXO, Hydro Flask, Osprey, Vicks, Braun, PUR, Drybar and Curlsmith. Its products range from kitchen tools, drinkware and outdoor equipment to thermometers, air purifiers, personal-care appliances and hair-care products. The company sells through retailers and online channels in the United States and international markets.