Helen of Troy (NASDAQ:HELE) Sets New 52-Week High – Should You Buy?

Helen of Troy Limited (NASDAQ:HELE)’s share price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $33.45 and last traded at $34.3090, with a volume of 47,817 shares. The stock had previously closed at $29.54.

Analyst Ratings Changes

Several brokerages recently commented on HELE. Zacks Research upgraded shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Wall Street Zen upgraded Helen of Troy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Canaccord Genuity Group upped their target price on Helen of Troy from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Helen of Troy in a report on Monday, October 19th. Finally, UBS Group increased their price target on Helen of Troy from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.50.

Helen of Troy Price Performance

The stock’s 50 day moving average price is $28.18 and its 200-day moving average price is $23.95. The company has a quick ratio of 0.75, a current ratio of 1.65 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $848.61 million, a PE ratio of -8.25 and a beta of 1.35.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HELE. WINTON GROUP Ltd purchased a new position in Helen of Troy during the 2nd quarter worth $247,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Helen of Troy in the 2nd quarter worth $61,000. 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 worth $36,000 after buying an additional 676 shares in the last quarter. Allworth Financial LP grew its position in shares of Helen of Troy by 142.2% during the 2nd quarter. Allworth Financial LP now owns 2,589 shares of the company’s stock worth $75,000 after buying an additional 1,520 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Helen of Troy by 116.7% during the 2nd quarter. Hsbc Holdings PLC now owns 297,763 shares of the company’s stock worth $8,507,000 after buying an additional 160,374 shares in the last quarter.

About Helen of Troy

Helen of Troy Limited is a consumer products company that develops, markets and distributes a portfolio of beauty, wellness, household and outdoor brands. Its products are sold through mass retailers, specialty stores, e-commerce channels and other distribution partners in North America and international markets.

The company’s brand portfolio includes OXO, known for kitchen, cleaning and organization products; Hydro Flask and Osprey, which offer hydration, travel and outdoor equipment; and beauty brands such as Hot Tools, Drybar and Curlsmith.