Helen of Troy (NASDAQ:HELE) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Helen of Troy (NASDAQ:HELE) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks reports.

Other research analysts also recently issued research reports about the company. UBS Group increased their target price on Helen of Troy from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, October 9th. Canaccord Genuity Group raised their target price on Helen of Troy from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Helen of Troy in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.50.

Helen of Troy Price Performance

Shares of HELE opened at $37.19 on Wednesday. The firm has a market cap of $869.87 million, a PE ratio of -8.53 and a beta of 1.35. The company has a current ratio of 1.65, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The firm has a fifty day simple moving average of $29.38 and a two-hundred day simple moving average of $24.60. Helen of Troy has a 1-year low of $13.85 and a 1-year high of $39.03.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in shares of Helen of Troy during the 2nd quarter worth $29,000. IFP Advisors Inc grew its position in shares of Helen of Troy by 122.0% during the 2nd quarter. IFP Advisors Inc now owns 1,230 shares of the company’s stock valued at $36,000 after acquiring an additional 676 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Helen of Troy in the 2nd quarter worth $61,000. Allworth Financial LP purchased a new stake in shares of Helen of Troy in the 2nd quarter worth $75,000. Finally, State of Wyoming bought a new position in Helen of Troy in the 2nd quarter worth $87,000.

About Helen of Troy

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.