Helen of Troy (NASDAQ:HELE) Rating Lowered to Hold at Wall Street Zen

Helen of Troy (NASDAQ:HELE) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities analysts have also issued reports on HELE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Helen of Troy in a research note on Friday, March 27th. UBS Group raised their price target on Helen of Troy from $16.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Zacks Research raised Helen of Troy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Canaccord Genuity Group raised their price target on Helen of Troy from $18.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Helen of Troy currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Helen of Troy Price Performance

HELE opened at $25.65 on Friday. The business’s 50-day moving average is $19.33 and its two-hundred day moving average is $19.08. Helen of Troy has a 1 year low of $13.85 and a 1 year high of $33.73. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.71 and a quick ratio of 0.81. The firm has a market capitalization of $596.62 million, a PE ratio of -0.66 and a beta of 1.29.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.09. Helen of Troy had a positive return on equity of 7.00% and a negative net margin of 50.33%.The company had revenue of $470.03 million for the quarter, compared to analyst estimates of $450.38 million. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. Research analysts anticipate that Helen of Troy will post 2.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Helen of Troy

A number of institutional investors and hedge funds have recently modified their holdings of HELE. Millennium Management LLC lifted its holdings in shares of Helen of Troy by 164.9% during the fourth quarter. Millennium Management LLC now owns 1,049,381 shares of the company’s stock worth $22,299,000 after purchasing an additional 653,300 shares during the period. Paradigm Capital Management Inc. NY acquired a new stake in shares of Helen of Troy during the fourth quarter worth about $11,989,000. RWWM Inc. lifted its holdings in shares of Helen of Troy by 85.7% during the first quarter. RWWM Inc. now owns 1,173,829 shares of the company’s stock worth $16,927,000 after purchasing an additional 541,689 shares during the period. UBS Group AG lifted its holdings in shares of Helen of Troy by 386.0% during the fourth quarter. UBS Group AG now owns 616,992 shares of the company’s stock worth $13,111,000 after purchasing an additional 490,031 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Helen of Troy by 159.2% during the third quarter. Wellington Management Group LLP now owns 747,220 shares of the company’s stock worth $18,830,000 after purchasing an additional 458,979 shares during the period.

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.