Helen of Troy (NASDAQ:HELE) Stock Jumps 5.9% - Here's What Happened

Key Points

• Helen of Troy shares rose 5.9% to about $28.06, despite trading volume falling 83% below the average session volume.
• The company exceeded quarterly earnings expectations, reporting $0.79 in EPS versus the $0.50 consensus; revenue was $440.93 million, up 2.1% year over year but slightly below estimates.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $27.50, while several major institutional investors recently initiated or increased positions.

Helen of Troy Limited (NASDAQ:HELE - Get Free Report)'s share price shot up 5.9% during trading on Monday. The stock traded as high as $27.46 and last traded at $28.0620. Approximately 100,513 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 604,092 shares. The stock had previously closed at $26.51.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HELE shares. Wall Street Zen raised Helen of Troy from a "hold" rating to a "strong-buy" rating in a research note on Sunday, July 12th. 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 increased their price objective on shares of Helen of Troy from $25.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, October 6th. Zacks Research lowered shares of Helen of Troy from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Finally, UBS Group raised 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.50.

Helen of Troy Stock Performance

The stock has a 50-day simple moving average of $28.19 and a 200-day simple moving average of $25.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.65 and a quick ratio of 0.75. The stock has a market cap of $660.63 million, a PE ratio of -6.51 and a beta of 1.34.

Helen of Troy (NASDAQ:HELE - Get Free Report) last released its quarterly earnings data on Thursday, October 8th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.29. The company had revenue of $440.93 million for the quarter, compared to the consensus estimate of $442.33 million. Helen of Troy had a positive return on equity of 7.73% and a negative net margin of 5.43%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. Helen of Troy has set its FY 2027 guidance at 3.600-4.150 EPS. Equities analysts predict that Helen of Troy Limited will post 2.82 earnings per share for the current fiscal year.

Institutional Trading of Helen of Troy

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Helen of Troy during the second quarter worth about $54,740,000. Bank of America Corp DE purchased a new stake in shares of Helen of Troy in the second quarter worth about $27,749,000. Pzena Investment Management LLC acquired a new stake in shares of Helen of Troy in the second quarter valued at about $19,668,000. RWWM Inc. grew its stake in shares of Helen of Troy by 85.7% in the first quarter. RWWM Inc. now owns 1,173,829 shares of the company's stock valued at $16,927,000 after buying an additional 541,689 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new stake in shares of Helen of Troy in the second quarter valued at about $14,186,000.

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.

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