Helen of Troy (NASDAQ:HELE) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Helen of Troy (NASDAQ:HELE) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on HELE. Wall Street Zen upgraded Helen of Troy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. UBS Group upped their price objective on Helen of Troy from $16.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Canaccord Genuity Group increased their target price on Helen of Troy from $18.00 to $23.00 and gave the company a “hold” rating in a report on Friday, April 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Helen of Troy in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Helen of Troy presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Helen of Troy Stock Performance

Shares of HELE traded up $0.51 during mid-day trading on Tuesday, hitting $26.10. 116,826 shares of the company traded hands, compared to its average volume of 719,089. The stock has a market cap of $607.02 million, a price-to-earnings ratio of -0.67 and a beta of 1.29. The stock has a 50-day moving average price of $17.58 and a two-hundred day moving average price of $18.69. Helen of Troy has a 1 year low of $13.85 and a 1 year high of $33.76. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.71.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. Helen of Troy had a negative net margin of 50.33% and a positive return on equity of 7.00%. The company had revenue of $470.03 million for the quarter, compared to analysts’ expectations of $450.38 million. During the same quarter last year, the company posted $2.33 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. Equities analysts anticipate that Helen of Troy will post 2.78 earnings per share for the current year.

Institutional Investors Weigh In On Helen of Troy

Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in Helen of Troy by 42.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 195,657 shares of the company’s stock worth $4,931,000 after purchasing an additional 58,214 shares during the period. RWWM Inc. grew its holdings in Helen of Troy by 167.1% during the third quarter. RWWM Inc. now owns 515,176 shares of the company’s stock valued at $12,982,000 after purchasing an additional 322,315 shares during the period. Counterpoint Mutual Funds LLC increased its position in Helen of Troy by 882.6% in the third quarter. Counterpoint Mutual Funds LLC now owns 125,416 shares of the company’s stock worth $3,160,000 after buying an additional 112,652 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Helen of Troy in the third quarter worth about $3,633,000. Finally, Invenomic Capital Management LP raised its stake in shares of Helen of Troy by 68.8% in the third quarter. Invenomic Capital Management LP now owns 554,985 shares of the company’s stock worth $13,986,000 after buying an additional 226,263 shares during the period.

About Helen of Troy

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.