Helen of Troy (NASDAQ:HELE) Upgraded to "Strong-Buy" at Zacks Research

Key Points

• Zacks Research upgraded Helen of Troy to “strong buy” from “hold.” Despite mixed analyst opinions, the stock carries a consensus “Moderate Buy” rating with an average price target of $27.50.
• Helen of Troy reported quarterly EPS of $0.79, beating estimates of $0.50, while revenue reached $440.93 million and increased 2.1% year over year.
• HELE opened at $28.55, with a 52-week range of $13.85 to $31.98. Several institutional investors recently increased their holdings or initiated new positions in the company.

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

A number of other research analysts also recently commented on the stock. Weiss Ratings downgraded shares of Helen of Troy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, July 21st. Canaccord Genuity Group raised their target price on shares of Helen of Troy from $25.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, October 6th. UBS Group boosted 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. Finally, Wall Street Zen raised shares of Helen of Troy from a "hold" rating to a "strong-buy" rating in a research report on Sunday, July 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.50.

Helen of Troy Price Performance

HELE stock opened at $28.55 on Tuesday. Helen of Troy has a 52-week low of $13.85 and a 52-week high of $31.98. The stock's fifty day simple moving average is $28.15 and its 200-day simple moving average is $25.79. 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 $667.78 million, a price-to-earnings ratio of -6.55 and a beta of 1.34.

Helen of Troy (NASDAQ:HELE - Get Free Report) last released its earnings results on Thursday, October 8th. The company reported $0.79 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $442.33 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The business'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 expect that Helen of Troy will post 2.96 EPS for the current year.

Institutional Investors Weigh In On Helen of Troy

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.