Helen of Troy Limited $HELE Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its Helen of Troy stake by 6.4% in the first quarter, selling 41,750 shares and retaining 606,798 shares valued at approximately $8.75 million.
• Other major institutional investors increased their positions, including RWWM, Millennium Management, Paradigm Capital, Charles Schwab Investment Management and Wellington Management.
• Analysts have a consensus “Hold” rating with a $26.50 price target, despite Helen of Troy exceeding quarterly earnings and revenue expectations with $0.17 EPS and $402.12 million in revenue.

Bank of America Corp DE trimmed its position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 606,798 shares of the company's stock after selling 41,750 shares during the quarter. Bank of America Corp DE owned approximately 2.61% of Helen of Troy worth $8,750,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HELE. RWWM Inc. raised its holdings in shares of Helen of Troy by 85.7% in 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 lifted its holdings in Helen of Troy by 164.9% in the 4th quarter. Millennium Management LLC now owns 1,049,381 shares of the company's stock valued at $22,299,000 after purchasing an additional 653,300 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in 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 purchasing an additional 362,900 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 boosted its stake in shares of Helen of Troy by 159.2% during the 3rd quarter. Wellington Management Group LLP now owns 747,220 shares of the company's stock worth $18,830,000 after purchasing an additional 458,979 shares during the last quarter.

Analysts Set New Price Targets

HELE has been the subject of several analyst reports. Canaccord Genuity Group boosted their price target on Helen of Troy from $23.00 to $25.00 and gave the company a "hold" rating in a report on Thursday, July 9th. UBS Group raised their price objective on 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 Helen of Troy from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. 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, Weiss Ratings cut shares of Helen of Troy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Helen of Troy presently has a consensus rating of "Hold" and a consensus price target of $26.50.

Helen of Troy Price Performance

HELE stock opened at $28.58 on Tuesday. The stock has a 50-day moving average price of $28.11 and a two-hundred day moving average price of $22.94. 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 market cap of $665.63 million, a PE ratio of -1.59 and a beta of 1.31.

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

About Helen of Troy

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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