Helen of Troy (NASDAQ:HELE) Trading Down 6.2% - What's Next?

Key Points

• Helen of Troy shares fell 6.2% to approximately $28.34 in light trading, with volume down 78% from the average session.
• Analyst sentiment remains mixed, with one Strong Buy, three Hold ratings and one Sell rating; the average price target is $26.50.
• The company exceeded quarterly expectations with $0.17 in adjusted EPS versus $0.02 expected and revenue of $402.12 million versus $374.55 million, although it reported a negative net margin of 22.70%.

Helen of Troy Limited (NASDAQ:HELE - Get Free Report) was down 6.2% during trading on Monday . The company traded as low as $28.27 and last traded at $28.34. Approximately 140,345 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 642,650 shares. The stock had previously closed at $30.22.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HELE. Canaccord Genuity Group upped their price objective on shares of Helen of Troy from $23.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, July 9th. Zacks Research cut shares of Helen of Troy from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. UBS Group upped their price target on shares of Helen of Troy from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Weiss Ratings lowered shares of Helen of Troy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Helen of Troy from a "hold" rating to a "strong-buy" rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $26.50.

Helen of Troy Price Performance

The business's fifty day moving average price is $28.05 and its 200 day moving average price is $22.47. The stock has a market cap of $657.24 million, a P/E ratio of -1.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 0.81.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 8th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. The business had revenue of $402.12 million during the quarter, compared to the consensus estimate of $374.55 million. Helen of Troy had a negative net margin of 22.70% and a positive return on equity of 6.46%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. Sell-side analysts forecast that Helen of Troy Limited will post 2.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Helen of Troy

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Helen of Troy by 60.2% during the first quarter. Royal Bank of Canada now owns 7,102 shares of the company's stock worth $380,000 after purchasing an additional 2,670 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Helen of Troy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,533 shares of the company's stock worth $724,000 after acquiring an additional 563 shares during the last quarter. Millennium Management LLC bought a new stake in Helen of Troy during the 1st quarter worth approximately $14,013,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Helen of Troy by 16.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,309 shares of the company's stock valued at $3,975,000 after acquiring an additional 10,397 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Helen of Troy by 4.6% during the second quarter. American Century Companies Inc. now owns 57,265 shares of the company's stock valued at $1,625,000 after acquiring an additional 2,503 shares during the last quarter.

About Helen of Troy

Helen of Troy Limited is a global consumer products company that designs, sources and markets a diversified portfolio of household, health and beauty brands. Headquartered in El Paso, Texas, the company operates through three principal segments—Health & Home, Housewares and Beauty—offering products under well-known names including OXO, Vicks, Braun, Honeywell Home, PUR and Hot Tools. Helen of Troy distributes its products through a combination of mass, specialty and e-commerce channels to consumers, retailers and distributors worldwide.

The Housewares segment features kitchen tools, gadgets and organizational solutions marketed primarily under the OXO brand, recognized for its ergonomic “Good Grips” design.

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