Helen of Troy Limited (NASDAQ:HELE) Stock Has Average Target Price of $27.50

Helen of Troy Limited (NASDAQ:HELE) has received an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $27.50.

A number of research firms have recently issued reports on HELE. Wall Street Zen upgraded shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 12th. UBS Group lifted their price objective on shares of Helen of Troy from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, October 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Helen of Troy in a research note on Monday, October 19th. Canaccord Genuity Group upped their target price on Helen of Troy from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, October 6th. Finally, Zacks Research upgraded Helen of Troy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th.

Hedge Funds Weigh In On Helen of Troy

A number of large investors have recently added to or reduced their stakes in HELE. Meeder Asset Management Inc. purchased a new stake in shares of Helen of Troy during the second quarter valued at about $29,000. IFP Advisors Inc boosted its holdings 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 valued at $36,000 after buying an additional 676 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Helen of Troy in the 2nd quarter valued at about $61,000. Allworth Financial LP acquired a new stake in Helen of Troy in the second quarter valued at approximately $75,000. Finally, State of Wyoming acquired a new stake in shares of Helen of Troy in the 2nd quarter worth $87,000.

Trending Headlines about Helen of Troy

Here are the key news stories impacting Helen of Troy this week:

• Positive Sentiment: Empower Brands, a unit of Spectrum Brands, made an unsolicited, non-binding all-cash offer of $37 per share, valuing Helen of Troy at about $1.6 billion. The proposal was reportedly raised from an earlier $34-per-share bid, fueling takeover interest and helping lift HELE shares to a 52-week high. Article: Empower Brands Makes Unsolicited Bid to Buy Helen of Troy for $1.6 Billion
• Negative Sentiment: Helen of Troy’s board unanimously rejected the offer. Because the proposal is non-binding and has been turned down, a transaction is not assured; the rejection could temper takeover-related gains unless the bidder returns with improved terms. Article: Helen of Troy Rejects Empower Brands’ $37-Per-Share Acquisition Proposal

Helen of Troy Trading Up 2.0%

Shares of NASDAQ HELE opened at $37.77 on Friday. Helen of Troy has a twelve month low of $13.85 and a twelve month high of $38.82. The firm has a market cap of $883.48 million, a PE ratio of -8.66 and a beta of 1.35. The business has a fifty day simple moving average of $28.52 and a two-hundred day simple moving average of $24.13. The company has a quick ratio of 0.75, a current ratio of 1.65 and a debt-to-equity ratio of 0.76.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Thursday, October 8th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.29. The business had revenue of $440.93 million for the quarter, compared to the consensus estimate 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 business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. Helen of Troy has set its FY 2027 guidance at 3.600-4.150 EPS. Analysts expect that Helen of Troy will post 3.09 earnings per share for the current fiscal year.

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.