Helen of Troy Limited $HELE Shares Acquired by Pzena Investment Management LLC

Key Points

• Pzena Investment Management LLC increased its stake in Helen of Troy Limited by 30.3%, owning approximately 4.30% of the company's shares valued at nearly $28 million.
• Helen of Troy reported earnings of $0.59 EPS for the last quarter, exceeding analysts' expectations, but experienced an 8.9% decline in revenue year-over-year.
• Insiders, including the CFO and CEO, purchased significant shares of the company, indicating confidence in the company's future despite ongoing financial challenges.

Pzena Investment Management LLC lifted its stake in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 30.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 985,331 shares of the company's stock after purchasing an additional 229,104 shares during the period. Pzena Investment Management LLC owned 4.30% of Helen of Troy worth $27,964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Helen of Troy during the 1st quarter valued at approximately $714,000. QRG Capital Management Inc. purchased a new stake in shares of Helen of Troy during the 1st quarter valued at approximately $207,000. Oppenheimer Asset Management Inc. raised its position in shares of Helen of Troy by 32.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 12,926 shares of the company's stock valued at $691,000 after buying an additional 3,198 shares during the period. Principal Financial Group Inc. raised its position in shares of Helen of Troy by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 134,689 shares of the company's stock valued at $7,205,000 after buying an additional 3,384 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Helen of Troy by 20.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 149,625 shares of the company's stock valued at $8,003,000 after buying an additional 25,713 shares during the period.

Helen of Troy Stock Performance

Shares of HELE stock opened at $20.60 on Monday. The company has a current ratio of 1.71, a quick ratio of 0.74 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average price of $24.00 and a 200 day moving average price of $27.84. The company has a market cap of $474.42 million, a P/E ratio of -0.72 and a beta of 0.84. Helen of Troy Limited has a 12 month low of $20.02 and a 12 month high of $75.68.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its earnings results on Thursday, October 9th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The firm had revenue of $431.78 million during the quarter, compared to the consensus estimate of $416.77 million. Helen of Troy had a negative net margin of 36.20% and a positive return on equity of 8.72%. The company's revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Helen of Troy has set its FY 2026 guidance at 3.750-4.25 EPS. Q3 2026 guidance at 1.550-1.800 EPS. Sell-side analysts predict that Helen of Troy Limited will post 6.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Tracy Scheuerman bought 10,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was purchased at an average price of $20.13 per share, for a total transaction of $201,300.00. Following the completion of the purchase, the chief financial officer owned 33,041 shares in the company, valued at approximately $665,115.33. This trade represents a 43.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Grass bought 10,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were purchased at an average price of $21.47 per share, with a total value of $214,700.00. Following the purchase, the chief executive officer owned 135,932 shares of the company's stock, valued at approximately $2,918,460.04. This represents a 7.94% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 20,435 shares of company stock valued at $425,948. Insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

HELE has been the topic of several analyst reports. Canaccord Genuity Group reduced their price target on shares of Helen of Troy from $26.00 to $23.00 and set a "hold" rating on the stock in a research report on Friday. UBS Group reduced their price target on shares of Helen of Troy from $27.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Helen of Troy in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Helen of Troy currently has an average rating of "Reduce" and an average price target of $42.00.

Helen of Troy Company Profile

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.

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