Helen of Troy (NASDAQ:HELE) Stock Bumped Up to Strong-Buy by Zacks Research

Zacks Research upgraded shares of Helen of Troy (NASDAQ:HELE) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks reports.

Several other brokerages also recently weighed in on HELE. UBS Group lifted their price objective on shares of Helen of Troy from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, October 9th. Canaccord Genuity Group boosted their target price on shares of Helen of Troy from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, October 6th. 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. Finally, Weiss Ratings lowered shares of Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.50.

Helen of Troy Price Performance

Shares of HELE opened at $28.55 on Tuesday. Helen of Troy has a 12 month low of $13.85 and a 12 month high of $31.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.65 and a quick ratio of 0.75. The stock has a fifty day moving average price of $28.15 and a 200 day moving average price of $25.79. The company has a market cap of $667.81 million, a P/E ratio of -6.55 and a beta of 1.34.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Thursday, October 8th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.29. Helen of Troy had a positive return on equity of 7.73% and a negative net margin of 5.43%. The company had revenue of $440.93 million for the quarter, compared to analysts’ expectations of $442.33 million. During the same period last year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Helen of Troy has set its FY 2027 guidance at 3.600-4.150 EPS. On average, research analysts forecast that Helen of Troy will post 2.96 earnings per share for the current year.

Institutional Trading of Helen of Troy

Institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in shares of Helen of Troy in the second quarter valued at $29,000. IFP Advisors Inc boosted its stake in Helen of Troy by 122.0% during the second quarter. IFP Advisors Inc now owns 1,230 shares of the company’s stock valued at $36,000 after buying an additional 676 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Helen of Troy during the second quarter valued at about $61,000. Allworth Financial LP acquired a new position in Helen of Troy during the second quarter worth about $75,000. Finally, State of Wyoming acquired a new position in Helen of Troy during the second quarter worth about $87,000.

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.