Helen of Troy (NASDAQ:HELE) Shares Down 5.8% – What’s Next?

Helen of Troy Limited (NASDAQ:HELE)’s stock price traded down 5.8% on Monday. The stock traded as low as $25.37 and last traded at $25.1820. Approximately 205,355 shares traded hands during trading, a decline of 66% from the average session volume of 597,432 shares. The stock had previously closed at $26.74.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HELE shares. 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 target price on Helen of Troy from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Zacks Research downgraded shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. UBS Group boosted their price target on shares of Helen of Troy from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen raised shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 12th. 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, the stock has an average rating of “Hold” and an average target price of $26.50.

Helen of Troy Stock Performance

The stock has a market cap of $591.73 million, a P/E ratio of -1.42 and a beta of 1.34. The company’s 50 day moving average price is $28.42 and its 200-day moving average price is $25.13. 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 quarterly earnings results on Wednesday, July 8th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $402.12 million for the quarter, compared to analyst estimates of $374.55 million. Helen of Troy had a positive return on equity of 6.46% and a negative net margin of 22.70%.Helen of Troy’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. Equities analysts forecast that Helen of Troy Limited will post 2.84 EPS for the current fiscal year.

Institutional Trading of Helen of Troy

Large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Helen of Troy in the second quarter valued at $54,740,000. Bank of America Corp DE bought a new position in shares of Helen of Troy during the 2nd quarter worth $27,749,000. Wellington Management Group LLP increased its holdings in Helen of Troy by 12.8% in the 2nd quarter. Wellington Management Group LLP now owns 824,238 shares of the company’s stock worth $23,961,000 after acquiring an additional 93,350 shares during the last quarter. Pzena Investment Management LLC bought a new stake in Helen of Troy in the 2nd quarter valued at about $19,668,000. Finally, RWWM Inc. raised its stake in Helen of Troy by 85.7% in the 1st quarter. RWWM Inc. now owns 1,173,829 shares of the company’s stock valued at $16,927,000 after acquiring an additional 541,689 shares during the period.

About Helen of Troy

Helen of Troy Limited is a global consumer products company that develops, markets and distributes branded products across the home and outdoor, beauty, and health and wellness categories. Its portfolio includes household and organization products, drinkware and outdoor equipment, personal-care appliances, hair-care products, and consumer health products.

The company’s principal brands include OXO, Hydro Flask, Osprey, Drybar and Hot Tools. Helen of Troy also markets certain health and wellness products under licensed brands, including Vicks, Braun and Honeywell, as well as beauty products under selected licensed and owned brands.