Helen of Troy (NASDAQ:HELE) Trading Down 4.3% – Here’s Why

Helen of Troy Limited (NASDAQ:HELE) shares were down 4.3% during mid-day trading on Wednesday . The stock traded as low as $23.25 and last traded at $23.3040. Approximately 43,159 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 718,243 shares. The stock had previously closed at $24.36.

Analysts Set New Price Targets

Several equities analysts have issued reports on HELE shares. Zacks Research upgraded Helen of Troy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Helen of Troy in a research note on Friday, March 27th. Canaccord Genuity Group lifted their target price on Helen of Troy from $18.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Wall Street Zen upgraded Helen of Troy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, UBS Group lifted their target price on Helen of Troy from $16.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Helen of Troy Stock Performance

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 cap of $549.12 million, a price-to-earnings ratio of -0.60 and a beta of 1.29. The firm has a fifty day simple moving average of $18.82 and a two-hundred day simple moving average of $18.96.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.09. The business had revenue of $470.03 million during the quarter, compared to the consensus estimate of $450.38 million. Helen of Troy had a positive return on equity of 7.00% and a negative net margin of 50.33%.The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $2.33 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. On average, analysts expect that Helen of Troy Limited will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Helen of Troy

Several institutional investors have recently added to or reduced their stakes in the business. iSAM Funds UK Ltd acquired a new stake in shares of Helen of Troy during the third quarter worth about $27,000. Allworth Financial LP lifted its holdings in shares of Helen of Troy by 922.7% during the fourth quarter. Allworth Financial LP now owns 1,350 shares of the company’s stock worth $29,000 after purchasing an additional 1,218 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Helen of Troy by 5,529.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,351 shares of the company’s stock worth $29,000 after purchasing an additional 1,327 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Helen of Troy by 1,323.2% during the third quarter. Larson Financial Group LLC now owns 1,352 shares of the company’s stock worth $34,000 after purchasing an additional 1,257 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Helen of Troy by 216.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,998 shares of the company’s stock worth $57,000 after purchasing an additional 1,366 shares during the period.

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.