Helen of Troy (NASDAQ:HELE) Shares Pass Above 200 Day Moving Average – Here’s Why

Helen of Troy Limited (NASDAQ:HELE)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.15 and traded as high as $29.84. Helen of Troy shares last traded at $29.21, with a volume of 437,767 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on HELE. UBS Group increased their price target on Helen of Troy from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings downgraded 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 note on Sunday, July 12th. Canaccord Genuity Group lifted their target price on shares of Helen of Troy from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. Finally, Zacks Research cut shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.50.

Helen of Troy Trading Up 2.0%

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 stock has a market cap of $695.96 million, a P/E ratio of -1.66 and a beta of 1.31. The business’s 50 day simple moving average is $27.75 and its 200 day simple moving average is $22.22.

Helen of Troy (NASDAQ:HELE) last posted its earnings results 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. Helen of Troy had a negative net margin of 22.70% and a positive return on equity of 6.46%. The business had revenue of $402.12 million for the quarter, compared to analyst estimates of $374.55 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s quarterly 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. On average, analysts expect that Helen of Troy Limited will post 2.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HELE. Paradigm Capital Management Inc. NY grew its holdings in shares of Helen of Troy by 64.3% in 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 in the last quarter. Hsbc Holdings PLC bought a new position in shares of Helen of Troy in the first quarter valued at about $1,936,000. RWWM Inc. boosted its holdings in shares of Helen of Troy by 85.7% during the first 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. Invenomic Capital Management LP boosted its stake in Helen of Troy by 6.9% in the 4th quarter. Invenomic Capital Management LP now owns 593,310 shares of the company’s stock valued at $12,608,000 after purchasing an additional 38,325 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Helen of Troy in the fourth quarter valued at about $504,000.

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.