Canaccord Genuity Group Issues Positive Forecast for Helen of Troy (NASDAQ:HELE) Stock Price

Helen of Troy (NASDAQ:HELEGet Free Report) had its price objective raised by Canaccord Genuity Group from $23.00 to $25.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price points to a potential downside of 0.68% from the company’s previous close.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Helen of Troy from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Helen of Troy in a research report on Wednesday, June 24th. Zacks Research downgraded shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, UBS Group increased their price objective on shares of Helen of Troy from $16.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $25.00.

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Helen of Troy Trading Down 10.2%

Shares of NASDAQ:HELE opened at $25.17 on Thursday. Helen of Troy has a 52-week low of $13.85 and a 52-week high of $31.71. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.71. The company has a market capitalization of $586.21 million, a P/E ratio of -0.64 and a beta of 1.31. The company has a 50-day simple moving average of $26.15 and a 200 day simple moving average of $20.86.

Helen of Troy (NASDAQ:HELEGet Free Report) last announced its quarterly earnings results on Wednesday, July 8th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The firm had revenue of $402.12 million for the quarter, compared to the consensus estimate of $374.55 million. Helen of Troy had a positive return on equity of 7.00% and a negative net margin of 50.33%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. Sell-side analysts forecast that Helen of Troy will post 2.81 earnings per share for the current year.

Institutional Investors Weigh In On Helen of Troy

Several institutional investors have recently made changes to their positions in the stock. iSAM Funds UK Ltd bought a new stake in shares of Helen of Troy during the 3rd quarter valued at $27,000. Farther Finance Advisors LLC increased its position in shares of Helen of Troy by 5,529.2% in 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. Allworth Financial LP raised its stake in Helen of Troy by 922.7% in the fourth quarter. Allworth Financial LP now owns 1,350 shares of the company’s stock valued at $29,000 after purchasing an additional 1,218 shares in the last quarter. Larson Financial Group LLC raised its stake in Helen of Troy by 1,323.2% in the third quarter. Larson Financial Group LLC now owns 1,352 shares of the company’s stock valued at $34,000 after purchasing an additional 1,257 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Helen of Troy by 497.1% during the fourth quarter. Hantz Financial Services Inc. now owns 2,257 shares of the company’s stock worth $48,000 after purchasing an additional 1,879 shares during the period.

Key Stories Impacting Helen of Troy

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About Helen of Troy

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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.

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Analyst Recommendations for Helen of Troy (NASDAQ:HELE)

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