Helen of Troy (NASDAQ:HELE) Trading Down 6.7% – Here’s What Happened

Shares of Helen of Troy Limited (NASDAQ:HELE) were down 6.7% during mid-day trading on Thursday . The company traded as low as $26.32 and last traded at $26.30. Approximately 90,880 shares were traded during mid-day trading, a decline of 87% from the average session volume of 676,111 shares. The stock had previously closed at $28.19.

Wall Street Analyst Weigh In

Several research firms have recently commented on HELE. UBS Group upped their price target 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. Weiss Ratings raised shares of Helen of Troy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Canaccord Genuity Group raised 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 note on Thursday, July 9th. Finally, Zacks Research cut Helen of Troy from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.50.

Helen of Troy Price Performance

The company has a market capitalization of $603.79 million, a price-to-earnings ratio of -1.44 and a beta of 1.31. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 0.81. The business has a fifty day moving average price of $26.87 and a 200 day moving average price of $21.35.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Wednesday, July 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. The business had revenue of $402.12 million during the quarter, compared to the consensus estimate of $374.55 million. Helen of Troy had a negative net margin of 22.70% and a positive return on equity of 6.46%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. On average, research analysts expect that Helen of Troy Limited will post 2.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Helen of Troy

A number of institutional investors have recently added to or reduced their stakes in HELE. Wedge Capital Management L L P NC bought a new stake in shares of Helen of Troy in the 2nd quarter worth $1,532,000. Versant Capital Management Inc boosted its stake in Helen of Troy by 54.5% during 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 in the last quarter. Seven Six Capital Management LLC grew its holdings in Helen of Troy by 61.4% during the first quarter. Seven Six Capital Management LLC now owns 76,200 shares of the company’s stock worth $1,099,000 after acquiring an additional 29,000 shares during the period. Royal Bank of Canada raised its position in Helen of Troy by 561.3% in the first quarter. Royal Bank of Canada now owns 12,023 shares of the company’s stock worth $173,000 after acquiring an additional 10,205 shares in the last quarter. Finally, Rubric Capital Management LP lifted its holdings in Helen of Troy by 42.5% in the 1st quarter. Rubric Capital Management LP now owns 366,226 shares of the company’s stock valued at $5,281,000 after acquiring an additional 109,289 shares during the last quarter.

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.