Traders Buy High Volume of Helen of Troy Call Options (NASDAQ:HELE)

Helen of Troy Limited (NASDAQ:HELE) saw unusually large options trading on Monday. Stock traders bought 5,017 call options on the company. This is an increase of approximately 809% compared to the typical daily volume of 552 call options.

Analyst Ratings Changes

Several research analysts have recently commented on HELE shares. UBS Group lifted their target price on Helen of Troy from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Canaccord Genuity Group upped their price target on Helen of Troy from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, July 9th. Weiss Ratings cut Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. 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. Finally, Zacks Research lowered shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.50.

Institutional Trading of Helen of Troy

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Helen of Troy in the 2nd quarter worth about $54,740,000. Bank of America Corp DE bought a new stake in shares of Helen of Troy during the second quarter valued at approximately $27,749,000. Pzena Investment Management LLC bought a new stake in shares of Helen of Troy during the second quarter valued at approximately $19,668,000. Millennium Management LLC boosted its position in shares of Helen of Troy by 164.9% during the fourth quarter. Millennium Management LLC now owns 1,049,381 shares of the company’s stock worth $22,299,000 after buying an additional 653,300 shares during the period. Finally, Paradigm Capital Management Inc. NY acquired a new position in shares of Helen of Troy during the fourth quarter worth approximately $11,989,000.

Helen of Troy Stock Performance

HELE traded up $0.98 during trading on Monday, reaching $29.60. 325,793 shares of the company were exchanged, compared to its average volume of 625,225. The stock has a market cap of $689.45 million, a P/E ratio of -1.64 and a beta of 1.31. The firm has a 50 day moving average of $28.27 and a 200 day moving average of $23.23. The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82. Helen of Troy has a 52 week low of $13.85 and a 52 week high of $30.68.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Wednesday, July 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $402.12 million for the quarter, compared to analysts’ expectations of $374.55 million. Helen of Troy had a positive return on equity of 6.46% and a negative net margin of 22.70%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. On average, sell-side analysts forecast that Helen of Troy will post 2.84 EPS for the current fiscal year.

About Helen of Troy

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.