Helen of Troy (NASDAQ:HELE) Stock Price Down 4% – Here’s What Happened

Shares of Helen of Troy Limited (NASDAQ:HELE) traded down 4% during mid-day trading on Wednesday. The stock traded as low as $28.49 and last traded at $28.2380. Approximately 20,543 shares traded hands during trading, a decline of 97% from the average daily volume of 602,444 shares. The stock had previously closed at $29.42.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Canaccord Genuity Group lifted 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Helen of Troy in a report on Monday. Wall Street Zen raised shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 12th. UBS Group raised their price target 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, October 9th. Finally, Zacks Research raised shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Helen of Troy has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

Helen of Troy Stock Up 2.0%

The firm has a market cap of $677.37 million, a price-to-earnings ratio of -6.64 and a beta of 1.34. The company has a current ratio of 1.65, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $28.09 and a 200-day moving average of $26.41.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Thursday, October 8th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.29. The firm had revenue of $440.93 million for the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.600-4.150 EPS. As a group, sell-side analysts forecast that Helen of Troy Limited will post 2.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HELE. Meeder Asset Management Inc. bought a new stake in shares of Helen of Troy during the second quarter valued at approximately $29,000. IFP Advisors Inc increased its position in Helen of Troy by 122.0% in the 2nd quarter. IFP Advisors Inc now owns 1,230 shares of the company’s stock valued at $36,000 after acquiring an additional 676 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Helen of Troy in the 2nd quarter valued at approximately $61,000. Allworth Financial LP bought a new stake in Helen of Troy during the 2nd quarter valued at $75,000. Finally, State of Wyoming bought a new stake in Helen of Troy during the 2nd quarter valued at $87,000.

Helen of Troy Company Profile

Helen of Troy Limited is a consumer products company that develops, markets and distributes a portfolio of beauty, wellness, household and outdoor brands. Its products are sold through mass retailers, specialty stores, e-commerce channels and other distribution partners in North America and international markets.

The company’s brand portfolio includes OXO, known for kitchen, cleaning and organization products; Hydro Flask and Osprey, which offer hydration, travel and outdoor equipment; and beauty brands such as Hot Tools, Drybar and Curlsmith.