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

Helen of Troy Limited (NASDAQ:HELE) shares dropped 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.

Wall Street Analysts Forecast Growth

HELE has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Helen of Troy in a research report on Friday, March 27th. Wall Street Zen raised Helen of Troy from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research raised Helen of Troy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. UBS Group boosted their target price on Helen of Troy from $16.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Canaccord Genuity Group boosted their target price on Helen of Troy from $18.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.00.

Helen of Troy Trading Down 3.1%

The stock has a 50 day moving average of $18.82 and a 200-day moving average of $18.96. The company has a market capitalization of $549.12 million, a P/E ratio of -0.60 and a beta of 1.29. The company has a current ratio of 1.71, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The company 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 firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 EPS. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. On average, research analysts predict that Helen of Troy Limited will post 2.81 EPS for the current year.

Institutional Trading of Helen of Troy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Seven Six Capital Management LLC boosted its position in Helen of Troy by 61.4% in the 1st quarter. Seven Six Capital Management LLC now owns 76,200 shares of the company’s stock valued at $1,099,000 after buying an additional 29,000 shares during the period. Royal Bank of Canada increased its stake in shares of Helen of Troy by 561.3% during the first quarter. Royal Bank of Canada now owns 12,023 shares of the company’s stock valued at $173,000 after buying an additional 10,205 shares during the period. Rubric Capital Management LP increased its stake in shares of Helen of Troy by 42.5% during the first quarter. Rubric Capital Management LP now owns 366,226 shares of the company’s stock valued at $5,281,000 after buying an additional 109,289 shares during the period. Quantinno Capital Management LP increased its stake in shares of Helen of Troy by 22.6% during the first quarter. Quantinno Capital Management LP now owns 45,465 shares of the company’s stock valued at $656,000 after buying an additional 8,379 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Helen of Troy during the first quarter valued at $571,000.

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.