Helen of Troy (NASDAQ:HELE) Rating Lowered to Hold at Zacks Research

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

Several other brokerages also recently commented on HELE. UBS Group boosted their target price on Helen of Troy from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Helen of Troy in a research note on Monday, October 19th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.50.

Helen of Troy Trading Down 2.1%

Shares of HELE opened at $37.19 on Wednesday. Helen of Troy has a 52-week low of $13.85 and a 52-week high of $39.03. The business’s fifty day moving average is $29.38 and its 200-day moving average is $24.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.65. The firm has a market cap of $869.87 million, a price-to-earnings ratio of -8.53 and a beta of 1.35.

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

Hedge Funds Weigh In On Helen of Troy

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

Helen of Troy Company Profile

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.