Bank of New York Mellon Corp Takes Position in Helen of Troy Limited $HELE

Key Points

• Bank of New York Mellon acquired 95,229 Helen of Troy shares in the second quarter, valued at approximately $2.77 million and representing about 0.41% of the company.
• Analyst sentiment remains mixed, with one Strong Buy, three Hold, and one Sell rating. The consensus rating is Hold, with a $26.50 price target.
• Helen of Troy exceeded quarterly expectations, reporting $0.17 in earnings per share versus a $0.02 estimate and $402.12 million in revenue, up 8.2% year over year.

Bank of New York Mellon Corp acquired a new stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 95,229 shares of the company's stock, valued at approximately $2,768,000. Bank of New York Mellon Corp owned about 0.41% of Helen of Troy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Helen of Troy by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,533 shares of the company's stock valued at $724,000 after acquiring an additional 563 shares during the period. iSAM Funds UK Ltd bought a new position in shares of Helen of Troy in the 3rd quarter valued at $27,000. Allworth Financial LP lifted its holdings in shares of Helen of Troy by 922.7% in the fourth quarter. Allworth Financial LP now owns 1,350 shares of the company's stock worth $29,000 after acquiring an additional 1,218 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Helen of Troy by 1,323.2% during the third quarter. Larson Financial Group LLC now owns 1,352 shares of the company's stock worth $34,000 after buying an additional 1,257 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Helen of Troy by 54.5% during the 2nd quarter. Versant Capital Management Inc now owns 3,618 shares of the company's stock worth $105,000 after acquiring an additional 1,277 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HELE shares. UBS Group raised 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. Wall Street Zen raised shares of Helen of Troy from a "hold" rating to a "strong-buy" rating in a research report on Sunday, July 12th. Canaccord Genuity Group raised their price objective on shares of Helen of Troy from $23.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of Helen of Troy from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, July 21st. 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 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.50.

Helen of Troy Price Performance

Helen of Troy stock opened at $28.40 on Monday. The stock has a market cap of $661.44 million, a P/E ratio of -1.58 and a beta of 1.31. Helen of Troy Limited has a 12-month low of $13.85 and a 12-month high of $30.68. The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $28.42 and a 200-day simple moving average of $23.62.

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

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.

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