Helen of Troy (NASDAQ:HELE) Upgraded at Zacks Research

Helen of Troy (NASDAQ:HELE) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.

Several other research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 12th. UBS Group lifted their price target on shares of Helen of Troy from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. 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. Finally, Canaccord Genuity Group boosted their price objective on shares of Helen of Troy from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.50.

Helen of Troy Stock Performance

Helen of Troy stock opened at $28.55 on Tuesday. The firm has a market capitalization of $667.78 million, a PE ratio of -6.55 and a beta of 1.34. Helen of Troy has a one year low of $13.85 and a one year high of $31.98. The stock’s 50 day moving average price is $28.15 and its 200 day moving average price is $25.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.65.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data on Thursday, October 8th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.29. Helen of Troy had a negative net margin of 5.43% and a positive return on equity of 7.73%. The company had revenue of $440.93 million during the quarter, compared to the consensus estimate of $442.33 million. During the same quarter last year, the company earned $0.59 earnings per share. Helen of Troy’s revenue for the quarter was up 2.1% on a year-over-year basis. Helen of Troy has set its FY 2027 guidance at 3.600-4.150 EPS. As a group, sell-side analysts expect that Helen of Troy will post 2.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Helen of Troy

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