10 Undervalued Defensive Stocks to Buy According to Analysts

6. Helen of Troy Limited (NASDAQ:HELE)

Forward P/E: 4.82

Analyst Upside: 32.97%

Number of Hedge Fund Holders: 22

Helen of Troy Limited (NASDAQ:HELE) is one of the best undervalued defensive stocks to buy according to analysts. On July 11, UBS lowered the firm’s price target on Helen of Troy Limited (NASDAQ:HELE) to $29 from $32, keeping a Neutral rating on the shares.

The firm told investors in a research note that Helen of Troy Limited (NASDAQ:HELE) reported a Q1 miss and held off on issuing fiscal 2026 guidance again, primarily due to macro uncertainty and tariffs.

It added that conviction in Helen of Troy Limited’s (NASDAQ:HELE) return to earnings growth remains limited.

Helen of Troy Limited (NASDAQ:HELE) is a global consumer products company with an elaborate portfolio of brands, including Curlsmith, OXO, PUR, Hot Tools, Osprey, and more.