BlackRock Inc. Invests $54.74 Million in Helen of Troy Limited $HELE

Key Points

• BlackRock acquired 1.88 million Helen of Troy shares valued at approximately $54.74 million, giving it an 8.09% stake in the company.
• Several other institutional investors also increased their positions, including Millennium Management, Paradigm Capital and Wellington Management, signaling stronger institutional interest.
• Helen of Troy shares rose 5.2% to $30.10 after the company beat quarterly earnings and revenue estimates, though analysts maintain a consensus “Hold” rating with an average price target of $26.50.

BlackRock Inc. purchased a new stake in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,883,032 shares of the company's stock, valued at approximately $54,740,000. BlackRock Inc. owned about 8.09% of Helen of Troy at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HELE. RWWM Inc. raised its position in shares of 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 during the last quarter. Millennium Management LLC increased its position in Helen of Troy by 164.9% in the fourth quarter. Millennium Management LLC now owns 1,049,381 shares of the company's stock worth $22,299,000 after purchasing an additional 653,300 shares during the period. Paradigm Capital Management Inc. NY raised its holdings in Helen of Troy by 64.3% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 927,100 shares of the company's stock worth $13,369,000 after purchasing an additional 362,900 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Helen of Troy by 24.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 881,344 shares of the company's stock worth $18,729,000 after purchasing an additional 175,696 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Helen of Troy by 159.2% during the 3rd quarter. Wellington Management Group LLP now owns 747,220 shares of the company's stock valued at $18,830,000 after purchasing an additional 458,979 shares during the period.

Helen of Troy Stock Up 5.2%

Helen of Troy stock opened at $30.10 on Tuesday. The firm has a market capitalization of $701.03 million, a price-to-earnings ratio of -1.67 and a beta of 1.31. The company's 50 day simple moving average is $28.35 and its 200 day simple moving average is $23.31. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 0.81. Helen of Troy Limited has a fifty-two week low of $13.85 and a fifty-two week high of $30.68.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its earnings results on Wednesday, July 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. Helen of Troy had a negative net margin of 22.70% and a positive return on equity of 6.46%. The company had revenue of $402.12 million for the quarter, compared to analyst estimates of $374.55 million. During the same period last year, the business posted $0.41 earnings per share. The business's revenue for the quarter 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. As a group, sell-side analysts anticipate that Helen of Troy Limited will post 2.84 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Zacks Research cut shares of Helen of Troy from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. UBS Group raised their price objective on shares of Helen of Troy from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Weiss Ratings lowered shares of Helen of Troy from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, July 21st. Canaccord Genuity Group upped their target price on shares of Helen of Troy from $23.00 to $25.00 and gave the company a "hold" rating in a research report on Thursday, July 9th. Finally, Wall Street Zen raised Helen of Troy from a "hold" rating to a "strong-buy" rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $26.50.

Helen of Troy 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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