Helen of Troy (NASDAQ:HELE) Stock Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Helen of Troy Limited (NASDAQ:HELE) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $24.98 and traded as high as $28.41. Helen of Troy shares last traded at $27.41, with a volume of 317,130 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HELE. Weiss Ratings lowered Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Zacks Research downgraded Helen of Troy from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Canaccord Genuity Group upped their price target on shares of Helen of Troy from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, July 9th. UBS Group raised their price objective on shares of Helen of Troy from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report 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 report on Sunday, July 12th. One 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. Based on data from MarketBeat, Helen of Troy currently has a consensus rating of “Hold” and a consensus price target of $26.50.

Helen of Troy Price Performance

The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $28.45 and a two-hundred day simple moving average of $25.05. The company has a market cap of $613.88 million, a PE ratio of -1.47 and a beta of 1.34.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Paradigm Capital Management Inc. NY increased its stake in Helen of Troy by 64.3% during the first quarter. Paradigm Capital Management Inc. NY now owns 927,100 shares of the company’s stock worth $13,369,000 after acquiring an additional 362,900 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Helen of Troy in the 2nd quarter valued at $2,768,000. Hsbc Holdings PLC purchased a new stake in Helen of Troy during the 1st quarter worth $1,936,000. Renaissance Technologies LLC purchased a new position in Helen of Troy in the first quarter valued at about $571,000. Finally, Wellington Management Group LLP boosted its position in shares of 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 buying an additional 93,350 shares during the period.

Helen of Troy Company Profile

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.