Helen of Troy (NASDAQ:HELE) Stock Rating Cut to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Helen of Troy from “strong buy” to “hold.” Analyst sentiment overall is “hold,” with an average price target of $27.50.
• Helen of Troy reported quarterly EPS of $0.79, beating the $0.50 consensus estimate, while revenue of $440.93 million came in slightly below forecasts. Revenue increased 2.1% year over year.
• Shares opened at $37.19 on Wednesday, down 2.1% according to the article.

Helen of Troy (NASDAQ:HELE - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Wednesday, Zacks reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Helen of Troy in a research report on Monday, October 19th. Canaccord Genuity Group lifted their price objective 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. Finally, UBS Group upped their target price on shares of Helen of Troy from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Friday, October 9th. One investment 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $27.50.

Helen of Troy Stock Down 2.1%

Shares of NASDAQ HELE opened at $37.19 on Wednesday. The stock has a market cap of $869.87 million, a PE ratio of -8.53 and a beta of 1.35. The company has a quick ratio of 0.75, a current ratio of 1.65 and a debt-to-equity ratio of 0.76. Helen of Troy has a 52-week low of $13.85 and a 52-week high of $39.03. The business has a 50-day moving average price of $29.38 and a 200 day moving average price of $24.60.

Helen of Troy (NASDAQ:HELE - Get Free Report) last released its quarterly earnings results on Thursday, October 8th. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $440.93 million for the quarter, compared to the consensus estimate of $442.33 million. During the same quarter last year, the business posted $0.59 EPS. 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. Equities research analysts forecast that Helen of Troy will post 3.09 earnings per share for the current year.

Institutional Investors Weigh In On Helen of Troy

Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Helen of Troy by 122.0% in the 2nd quarter. IFP Advisors Inc now owns 1,230 shares of the company's stock valued at $36,000 after purchasing an additional 676 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Helen of Troy in the second quarter valued at $29,000. Versant Capital Management Inc grew its holdings in Helen of Troy by 54.5% in the second quarter. Versant Capital Management Inc now owns 3,618 shares of the company's stock valued at $105,000 after purchasing an additional 1,277 shares during the last quarter. Allworth Financial LP grew its holdings in Helen of Troy by 142.2% in the second quarter. Allworth Financial LP now owns 2,589 shares of the company's stock valued at $75,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Helen of Troy in the second quarter valued at $61,000.

Helen of Troy Company Profile

Helen of Troy Limited is a global consumer-products company that develops, markets and sells products for home and outdoor use, health and wellness, and beauty. Its portfolio includes brands such as OXO, Hydro Flask, Osprey, Vicks, Braun, PUR, Drybar and Curlsmith. Its products range from kitchen tools, drinkware and outdoor equipment to thermometers, air purifiers, personal-care appliances and hair-care products. The company sells through retailers and online channels in the United States and international markets.

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