Helen of Troy (NASDAQ:HELE) Lowered to Strong Sell Rating by Zacks Research

Key Points

• Zacks Research downgraded Helen of Troy (NASDAQ:HELE) from a "hold" rating to a "strong sell" rating, indicating concerns about the company’s performance.
• The company's latest earnings report showed a decrease in revenue by 8.9% year-over-year, despite beating consensus earnings estimates.
• Institutional investors have recently adjusted their stakes in Helen of Troy, with several hedge funds purchasing new positions and increasing holdings.

Helen of Troy (NASDAQ:HELE - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group decreased their price target on shares of Helen of Troy from $26.00 to $23.00 and set a "hold" rating for the company in a research note on Friday, October 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Helen of Troy in a research note on Saturday, September 27th. Finally, UBS Group decreased their price target on shares of Helen of Troy from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, October 10th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $42.00.

Helen of Troy Trading Down 4.8%

HELE opened at $19.73 on Tuesday. Helen of Troy has a 1-year low of $19.05 and a 1-year high of $75.68. The company has a current ratio of 1.71, a quick ratio of 0.74 and a debt-to-equity ratio of 0.94. The company has a market cap of $454.38 million, a P/E ratio of -0.69 and a beta of 0.84. The company has a fifty day moving average price of $23.86 and a two-hundred day moving average price of $27.50.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. Helen of Troy had a negative net margin of 36.20% and a positive return on equity of 8.72%. The firm had revenue of $431.78 million during the quarter, compared to the consensus estimate of $416.77 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The business's revenue was down 8.9% compared to the same quarter last year. Helen of Troy has set its FY 2026 guidance at 3.750-4.25 EPS. Q3 2026 guidance at 1.550-1.800 EPS. Analysts predict that Helen of Troy will post 6.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HELE. SG Americas Securities LLC purchased a new position in Helen of Troy during the first quarter worth about $714,000. QRG Capital Management Inc. purchased a new position in Helen of Troy during the first quarter worth about $207,000. Oppenheimer Asset Management Inc. boosted its holdings in Helen of Troy by 32.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 12,926 shares of the company's stock worth $691,000 after purchasing an additional 3,198 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Helen of Troy by 2.6% during the first quarter. Principal Financial Group Inc. now owns 134,689 shares of the company's stock worth $7,205,000 after purchasing an additional 3,384 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Helen of Troy by 20.8% during the first quarter. Envestnet Asset Management Inc. now owns 149,625 shares of the company's stock worth $8,003,000 after purchasing an additional 25,713 shares during the last quarter.

About Helen of Troy

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.

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