Engineers Gate Manager LP Reduces Position in Helen of Troy Limited $HELE

Key Points

• Engineers Gate Manager LP cut its Helen of Troy stake by 62.2% in the second quarter, selling 108,263 shares and retaining 65,737 shares worth approximately $1.91 million.
• Analyst sentiment remains mixed, with Helen of Troy carrying a consensus “Hold” rating and an average price target of $26.50; targets from Canaccord Genuity and UBS were raised.
• Helen of Troy exceeded quarterly expectations, reporting $0.17 in EPS versus a $0.02 estimate and $402.1 million in revenue, up 8.2% year over year, despite a negative net margin.

Engineers Gate Manager LP decreased its stake in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 62.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,737 shares of the company's stock after selling 108,263 shares during the quarter. Engineers Gate Manager LP owned about 0.28% of Helen of Troy worth $1,911,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in shares of Helen of Troy in the 2nd quarter valued at $29,000. IFP Advisors Inc grew its stake in Helen of Troy by 122.0% during the 2nd quarter. IFP Advisors Inc now owns 1,230 shares of the company's stock valued at $36,000 after purchasing an additional 676 shares during the last quarter. Allworth Financial LP grew its stake in Helen of Troy by 922.7% during the 4th 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 during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Helen of Troy in the second quarter valued at about $61,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Helen of Troy by 497.1% in 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 last quarter.

Analyst Upgrades and Downgrades

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

Helen of Troy Stock Performance

NASDAQ:HELE opened at $26.95 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 1.78. The stock has a market capitalization of $627.67 million, a PE ratio of -1.50 and a beta of 1.31. Helen of Troy Limited has a fifty-two week low of $13.85 and a fifty-two week high of $30.68. The company has a fifty day moving average of $28.27 and a two-hundred day moving average of $24.09.

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. Helen of Troy had a negative net margin of 22.70% and a positive return on equity of 6.46%. The business had revenue of $402.12 million for the quarter, compared to analyst estimates of $374.55 million. During the same quarter last year, the business earned $0.41 earnings per share. The company'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, research analysts forecast that Helen of Troy Limited will post 2.84 earnings per share for the current fiscal year.

About Helen of Troy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.