Helen of Troy Limited (NASDAQ:HELE) Given Average Recommendation of “Hold” by Brokerages

Shares of Helen of Troy Limited (NASDAQ:HELE) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $26.50.

A number of equities analysts have weighed in on HELE shares. Zacks Research lowered Helen of Troy from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Canaccord Genuity Group raised their target price on Helen of Troy from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. UBS Group lifted their price target on Helen of Troy from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings cut shares of Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 12th.

Hedge Funds Weigh In On Helen of Troy

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Helen of Troy during the 2nd quarter worth approximately $54,740,000. Bank of America Corp DE acquired a new position in Helen of Troy in the second quarter valued at approximately $27,749,000. Wellington Management Group LLP grew its position in Helen of Troy by 12.8% in the second 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 period. Pzena Investment Management LLC purchased a new position in Helen of Troy in the second quarter worth approximately $19,668,000. Finally, RWWM Inc. increased its stake in Helen of Troy by 85.7% during the first quarter. RWWM Inc. now owns 1,173,829 shares of the company’s stock worth $16,927,000 after acquiring an additional 541,689 shares during the last quarter.

Helen of Troy Trading Up 1.0%

HELE opened at $27.22 on Thursday. The firm has a market capitalization of $633.95 million, a price-to-earnings ratio of -1.51 and a beta of 1.31. The company’s 50 day simple moving average is $28.31 and its two-hundred day simple moving average is $24.16. Helen of Troy has a 1-year low of $13.85 and a 1-year high of $30.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 0.81.

Helen of Troy (NASDAQ:HELE) last posted its quarterly 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. Helen of Troy had a positive return on equity of 6.46% and a negative net margin of 22.70%.The business had revenue of $402.12 million during the quarter, compared to analyst estimates of $374.55 million. During the same period in the prior year, the business earned $0.41 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. Analysts expect that Helen of Troy will post 2.84 EPS for the current fiscal year.

About Helen of Troy

Helen of Troy Limited (NASDAQ:HELE) is a consumer products company that develops, manufactures, and markets branded products in the beauty, wellness, household, and outdoor categories. Its portfolio includes personal-care and beauty products, health and wellness devices, kitchen and household products, and hydration and outdoor recreation gear.

The company’s well-known brands include OXO, Hydro Flask, Osprey, Drybar, Vicks, Braun, Hot Tools, Revlon, and Honeywell-branded products sold under license, among others.