Zacks Research Upgrades Helen of Troy (NASDAQ:HELE) to Strong-Buy

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

HELE has been the subject of several other research reports. 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 target price on shares of Helen of Troy from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, October 9th. Weiss Ratings downgraded Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Finally, 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 report on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Helen of Troy currently has an average rating of “Moderate Buy” and a consensus target price of $27.50.

Helen of Troy Stock Performance

Shares of HELE stock opened at $28.55 on Tuesday. The firm has a 50-day moving average of $28.15 and a 200-day moving average 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. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.65 and a quick ratio of 0.75. Helen of Troy has a one year low of $13.85 and a one year high of $31.98.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Thursday, October 8th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $442.33 million. During the same period last year, the firm earned $0.59 earnings per share. The firm’s revenue 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. Equities research analysts forecast that Helen of Troy will post 2.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Helen of Troy

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Helen of Troy in the second quarter worth about $54,740,000. Bank of America Corp DE purchased a new position in Helen of Troy in the second quarter valued at about $27,749,000. Wellington Management Group LLP boosted its stake in Helen of Troy by 12.8% in the second quarter. Wellington Management Group LLP now owns 824,238 shares of the company’s stock valued at $23,961,000 after acquiring an additional 93,350 shares during the last quarter. Pzena Investment Management LLC bought a new position in shares of Helen of Troy during the 2nd quarter valued at approximately $19,668,000. Finally, RWWM Inc. grew its position 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 valued at $16,927,000 after acquiring an additional 541,689 shares during the period.

About Helen of Troy

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.