Helen of Troy (NASDAQ:HELE) Sets New 12-Month High – Should You Buy?

Shares of Helen of Troy Limited (NASDAQ:HELE) hit a new 52-week high on Tuesday. The stock traded as high as $38.86 and last traded at $38.5820, with a volume of 180,774 shares trading hands. The stock had previously closed at $37.34.

Analysts Set New Price Targets

HELE has been the topic of several recent analyst reports. Zacks Research raised shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. UBS Group lifted 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 note on Friday, October 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Helen of Troy in a research note on Monday, October 19th. Finally, Canaccord Genuity Group boosted their price target on Helen of Troy from $25.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.50.

Helen of Troy Stock Performance

The company’s fifty day moving average price is $28.86 and its two-hundred day moving average price is $24.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.65. The firm has a market capitalization of $905.10 million, a PE ratio of -8.89 and a beta of 1.35.

Helen of Troy (NASDAQ:HELE) last released its earnings results on Thursday, October 8th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.29. Helen of Troy had a negative net margin of 5.43% and a positive return on equity of 7.73%. The firm had revenue of $440.93 million during the quarter, compared to the consensus estimate of $442.33 million. During the same period in the previous year, the firm earned $0.59 earnings per share. Helen of Troy’s revenue was up 2.1% compared to the same quarter last year. Helen of Troy has set its FY 2027 guidance at 3.600-4.150 EPS. As a group, equities analysts expect that Helen of Troy Limited will post 3.09 earnings per share for the current year.

Hedge Funds Weigh In On Helen of Troy

A number of hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in shares of Helen of Troy during the 2nd quarter worth $29,000. IFP Advisors Inc raised its position in shares of Helen of Troy by 122.0% in the 2nd quarter. IFP Advisors Inc now owns 1,230 shares of the company’s stock worth $36,000 after buying an additional 676 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Helen of Troy during the second quarter valued at about $61,000. Allworth Financial LP purchased a new stake in Helen of Troy during the second quarter valued at about $75,000. Finally, State of Wyoming acquired a new stake in Helen of Troy during the second quarter worth about $87,000.

About Helen of Troy

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.