Zacks Research Upgrades Helen of Troy (NASDAQ:HELE) to Strong-Buy

Helen of Troy (NASDAQ:HELE) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Helen of Troy in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Helen of Troy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. UBS Group upped their target price on shares of Helen of Troy from $16.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Canaccord Genuity Group upped their target price on shares of Helen of Troy from $18.00 to $23.00 and gave the company a “hold” rating in a research note 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Helen of Troy Stock Up 2.6%

Helen of Troy stock traded up $0.68 during mid-day trading on Tuesday, reaching $26.27. The stock had a trading volume of 147,465 shares, compared to its average volume of 719,357. The company has a market capitalization of $610.99 million, a price-to-earnings ratio of -0.67 and a beta of 1.29. The company has a 50-day moving average price of $17.58 and a two-hundred day moving average price of $18.69. Helen of Troy has a one year low of $13.85 and a one year high of $33.76. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.71 and a quick ratio of 0.81.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. The company had revenue of $470.03 million for the quarter, compared to analysts’ expectations of $450.38 million. Helen of Troy had a negative net margin of 50.33% and a positive return on equity of 7.00%. Helen of Troy’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.33 EPS. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. On average, analysts expect that Helen of Troy will post 2.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Helen of Troy

Several institutional investors have recently made changes to their positions in the business. RWWM Inc. lifted its stake in shares of Helen of Troy by 85.7% in the 1st 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. Millennium Management LLC increased its holdings in Helen of Troy by 164.9% in the 4th quarter. Millennium Management LLC now owns 1,049,381 shares of the company’s stock worth $22,299,000 after acquiring an additional 653,300 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Helen of Troy by 2.6% during the 3rd quarter. Pzena Investment Management LLC now owns 1,010,756 shares of the company’s stock valued at $25,471,000 after buying an additional 25,425 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Helen of Troy by 24.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 881,344 shares of the company’s stock valued at $18,729,000 after buying an additional 175,696 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Helen of Troy by 159.2% during the 3rd quarter. Wellington Management Group LLP now owns 747,220 shares of the company’s stock valued at $18,830,000 after buying an additional 458,979 shares in the last quarter.

Helen of Troy Company Profile

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.