Nordea Investment Management AB Acquires 20,248 Shares of Helen of Troy Limited $HELE

Key Points

• Nordea Investment Management AB increased its stake in Helen of Troy Limited by 41.2%, acquiring an additional 20,248 shares, bringing their total holdings to 69,400 shares valued at approximately $1.97 million.
• Multiple large investors have significantly boosted their holdings in Helen of Troy, with increases ranging from 71.1% to 774.7% in the second quarter of 2023.
• Analysts have downgraded Helen of Troy's stock ratings, with Canaccord Genuity and Zacks Research both lowering their price targets, reflecting a bearish outlook on the company's performance.

Nordea Investment Management AB increased its stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 41.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,400 shares of the company's stock after acquiring an additional 20,248 shares during the period. Nordea Investment Management AB owned about 0.30% of Helen of Troy worth $1,970,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Helen of Troy by 71.1% in the second quarter. Signaturefd LLC now owns 1,429 shares of the company's stock worth $41,000 after purchasing an additional 594 shares during the last quarter. Parallel Advisors LLC boosted its position in Helen of Troy by 2,820.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,752 shares of the company's stock valued at $50,000 after buying an additional 1,692 shares during the period. IMA Advisory Services Inc. purchased a new position in shares of Helen of Troy in the first quarter valued at about $52,000. State of Wyoming raised its stake in shares of Helen of Troy by 137.8% during the first quarter. State of Wyoming now owns 1,936 shares of the company's stock valued at $104,000 after acquiring an additional 1,122 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Helen of Troy by 774.7% during the second quarter. GAMMA Investing LLC now owns 6,114 shares of the company's stock worth $174,000 after purchasing an additional 5,415 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have commented on HELE. Canaccord Genuity Group lowered their price target on Helen of Troy from $26.00 to $23.00 and set a "hold" rating for the company in a research report on Friday, October 10th. Zacks Research downgraded Helen of Troy from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Helen of Troy in a report on Wednesday. Finally, UBS Group dropped their target price on shares of Helen of Troy from $27.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $42.00.

Helen of Troy Price Performance

NASDAQ HELE opened at $19.52 on Thursday. Helen of Troy Limited has a one year low of $18.90 and a one year high of $75.68. The stock has a 50-day moving average of $23.53 and a 200 day moving average of $26.44. The company has a market capitalization of $449.55 million, a price-to-earnings ratio of -0.68 and a beta of 0.84. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.74 and a current ratio of 1.71.

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

About Helen of Troy

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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