Helen of Troy (NASDAQ:HELE) Stock Price Down 6.2% – Here’s What Happened

Helen of Troy Limited (NASDAQ:HELE) shares fell 6.2% during mid-day trading on Monday . The stock traded as low as $28.27 and last traded at $28.34. 140,345 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 642,650 shares. The stock had previously closed at $30.22.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HELE. UBS Group upped their price objective on Helen of Troy from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded Helen of Troy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Weiss Ratings downgraded Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Canaccord Genuity Group raised their price target on shares of Helen of Troy from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Finally, Zacks Research downgraded shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Helen of Troy currently has an average rating of “Hold” and an average target price of $26.50.

Helen of Troy Trading Up 2.1%

The business’s 50-day moving average price is $28.15 and its 200 day moving average price is $22.62. The company has a market cap of $669.35 million, a P/E ratio of -1.60 and a beta of 1.31. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 1.78.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Wednesday, July 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $402.12 million for the quarter, compared to analysts’ expectations of $374.55 million. Helen of Troy had a negative net margin of 22.70% and a positive return on equity of 6.46%. Helen of Troy’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. As a group, analysts expect that Helen of Troy Limited will post 2.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Helen of Troy in the second quarter valued at $54,740,000. Bank of America Corp DE acquired a new stake in shares of Helen of Troy during the 2nd quarter worth about $27,749,000. Pzena Investment Management LLC acquired a new stake in shares of Helen of Troy during the 2nd quarter worth about $19,668,000. Millennium Management LLC boosted its holdings in shares of Helen of Troy by 164.9% during the 4th quarter. Millennium Management LLC now owns 1,049,381 shares of the company’s stock worth $22,299,000 after buying an additional 653,300 shares during the period. Finally, Paradigm Capital Management Inc. NY bought a new stake in shares of Helen of Troy during the 4th quarter worth about $11,989,000.

Helen of Troy Company Profile

Helen of Troy Limited is a global consumer products company that designs, sources and markets a diversified portfolio of household, health and beauty brands. Headquartered in El Paso, Texas, the company operates through three principal segments—Health & Home, Housewares and Beauty—offering products under well-known names including OXO, Vicks, Braun, Honeywell Home, PUR and Hot Tools. Helen of Troy distributes its products through a combination of mass, specialty and e-commerce channels to consumers, retailers and distributors worldwide.

The Housewares segment features kitchen tools, gadgets and organizational solutions marketed primarily under the OXO brand, recognized for its ergonomic “Good Grips” design.