Helen of Troy Limited $HELE Shares Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC more than doubled its Helen of Troy stake in the second quarter, increasing ownership by 116.7% to 297,763 shares valued at approximately $8.5 million. Other institutions, including BlackRock, Millennium Management and Bank of America, also initiated or expanded positions.
• Analyst sentiment remains mixed: Helen of Troy has an average “Hold” rating and a consensus price target of $26.50, despite target increases from Canaccord Genuity and UBS Group.
• The company reported quarterly EPS of $0.17, beating expectations of $0.02, while revenue rose 8.2% year over year to $402.12 million. Shares opened at $27.32, within a 52-week range of $13.85 to $30.68.

Hsbc Holdings PLC raised its stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 116.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 297,763 shares of the company's stock after purchasing an additional 160,374 shares during the period. Hsbc Holdings PLC owned 1.28% of Helen of Troy worth $8,507,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Helen of Troy in the second quarter worth about $54,740,000. RWWM Inc. lifted its holdings in Helen of Troy by 85.7% during the 1st quarter. RWWM Inc. now owns 1,173,829 shares of the company's stock worth $16,927,000 after buying an additional 541,689 shares during the last quarter. Millennium Management LLC grew its position in shares of Helen of Troy by 164.9% in the 4th quarter. Millennium Management LLC now owns 1,049,381 shares of the company's stock worth $22,299,000 after acquiring an additional 653,300 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Helen of Troy in the 2nd quarter worth approximately $27,749,000. Finally, Paradigm Capital Management Inc. NY increased its holdings in shares of Helen of Troy by 64.3% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 927,100 shares of the company's stock valued at $13,369,000 after acquiring an additional 362,900 shares during the last quarter.

Analyst Ratings Changes

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

Helen of Troy Price Performance

Shares of NASDAQ HELE opened at $27.32 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 0.81. The firm has a market capitalization of $636.28 million, a PE ratio of -1.52 and a beta of 1.31. Helen of Troy Limited has a 1-year low of $13.85 and a 1-year high of $30.68. The business's fifty day moving average price is $28.36 and its two-hundred day moving average price is $23.83.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its quarterly 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 the consensus estimate 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 company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. On average, research analysts expect that Helen of Troy Limited will post 2.84 EPS for the current 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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