Bank of America Corp DE Purchases New Shares in Helen of Troy Limited $HELE

Key Points

• Bank of America purchased 954,568 shares of Helen of Troy worth approximately $27.75 million, giving it a 4.10% stake. Other institutions, including BlackRock and Pzena Investment Management, also initiated sizable positions.
• Helen of Troy reported quarterly EPS of $0.17, beating the $0.02 consensus estimate, while revenue reached $402.12 million—up 8.2% year over year and above expectations.
• Despite the stock trading up 6.7% and near its 12-month high, analyst sentiment remains mixed: the consensus rating is Hold with a $26.50 price target.

Bank of America Corp DE purchased a new position in Helen of Troy Limited (NASDAQ:HELE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 954,568 shares of the company's stock, valued at approximately $27,749,000. Bank of America Corp DE owned 4.10% of Helen of Troy as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HELE. BlackRock Inc. purchased a new stake in shares of Helen of Troy in the 2nd quarter worth about $54,740,000. Pzena Investment Management LLC purchased a new position in Helen of Troy during the 2nd quarter valued at about $19,668,000. RWWM Inc. boosted its stake in Helen of Troy by 85.7% during the first quarter. RWWM Inc. now owns 1,173,829 shares of the company's stock worth $16,927,000 after acquiring an additional 541,689 shares in the last quarter. Paradigm Capital Management Inc. NY bought a new stake in Helen of Troy during the second quarter worth about $14,186,000. Finally, Invenomic Capital Management LP grew its holdings in Helen of Troy by 6.9% in the fourth quarter. Invenomic Capital Management LP now owns 593,310 shares of the company's stock worth $12,608,000 after purchasing an additional 38,325 shares during the period.

Helen of Troy Trading Up 6.7%

Shares of HELE stock opened at $29.49 on Wednesday. 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 Limited has a 12-month low of $13.85 and a 12-month high of $30.68. The stock has a market capitalization of $686.82 million, a P/E ratio of -1.64 and a beta of 1.31. The firm's 50 day moving average is $28.37 and its 200 day moving average is $24.46.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its earnings results on Wednesday, July 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.15. The company had revenue of $402.12 million during the quarter, compared to analyst estimates of $374.55 million. Helen of Troy had a negative net margin of 22.70% and a positive return on equity of 6.46%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. Research analysts expect that Helen of Troy Limited will post 2.84 earnings per share for the current year.

Wall Street Analyst Weigh In

HELE has been the subject of several recent research reports. Zacks Research lowered shares of Helen of Troy from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Wall Street Zen upgraded Helen of Troy from a "hold" rating to a "strong-buy" rating in a research note on Sunday, July 12th. Weiss Ratings lowered Helen of Troy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Tuesday, July 21st. UBS Group lifted their price objective on Helen of Troy from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Finally, Canaccord Genuity Group boosted their target price on Helen of Troy from $23.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $26.50.

Helen of Troy Company Profile

Helen of Troy Limited NASDAQ: HELE is a consumer products company that develops, manufactures, and markets branded products in the beauty, wellness, household, and outdoor categories. Its portfolio includes personal-care and beauty products, health and wellness devices, kitchen and household products, and hydration and outdoor recreation gear.

The company's well-known brands include OXO, Hydro Flask, Osprey, Drybar, Vicks, Braun, Hot Tools, Revlon, and Honeywell-branded products sold under license, among others.

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