Helen of Troy (NASDAQ:HELE) Shares Gap Down – Time to Sell?

Helen of Troy Limited (NASDAQ:HELE)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $26.74, but opened at $25.80. Helen of Troy shares last traded at $25.66, with a volume of 16,130 shares.

Analysts Set New Price Targets

A number of brokerages have weighed in on HELE. Weiss Ratings lowered shares of Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. 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. UBS Group raised their target price on Helen of Troy from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Zacks Research cut Helen of Troy from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Canaccord Genuity Group set a $26.00 target price on Helen of Troy in a research note on Tuesday. One research 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.00.

Helen of Troy Stock Performance

The stock has a market cap of $595.69 million, a price-to-earnings ratio of -1.42 and a beta of 1.34. The company has a quick ratio of 0.81, a current ratio of 1.78 and a debt-to-equity ratio of 0.82. The company has a 50 day simple moving average of $28.36 and a 200 day simple moving average of $25.20.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Wednesday, July 8th. The company reported $0.17 earnings per share for the quarter, topping 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 firm had revenue of $402.12 million during the quarter, compared to the consensus estimate of $374.55 million. During the same period last year, the business posted $0.41 EPS. 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. As a group, equities research analysts forecast that Helen of Troy Limited will post 2.84 EPS for the current year.

Hedge Funds Weigh In On Helen of Troy

A number of large investors have recently made changes to their positions in HELE. BlackRock Inc. bought a new position in shares of Helen of Troy in the 2nd quarter worth $54,740,000. RWWM Inc. grew its holdings in shares of Helen of Troy by 85.7% during the 1st 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 period. Bank of America Corp DE purchased a new stake in shares of Helen of Troy in the 2nd quarter worth about $27,749,000. Paradigm Capital Management Inc. NY lifted its position in Helen of Troy by 64.3% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 927,100 shares of the company’s stock valued at $13,369,000 after acquiring an additional 362,900 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of 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 purchasing an additional 93,350 shares in the last quarter.

Helen of Troy Company Profile

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.