Pzena Investment Management LLC Takes $19.67 Million Position in Helen of Troy Limited $HELE

Key Points

• Pzena Investment Management acquired 676,577 Helen of Troy shares worth approximately $19.67 million, giving it a 2.91% stake in the company.
• Analyst sentiment remains mixed, with one Strong Buy, three Holds and one Sell; the consensus rating is Hold with an average price target of $26.50.
• Helen of Troy exceeded quarterly expectations, reporting $0.17 EPS versus $0.02 expected and revenue of $402.12 million versus $374.55 million, while revenue grew 8.2% year over year.

Pzena Investment Management LLC purchased a new position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 676,577 shares of the company's stock, valued at approximately $19,668,000. Pzena Investment Management LLC owned about 2.91% of Helen of Troy as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. iSAM Funds UK Ltd acquired a new position in Helen of Troy in the 3rd quarter valued at $27,000. Allworth Financial LP increased its stake in shares of Helen of Troy by 922.7% during the fourth quarter. Allworth Financial LP now owns 1,350 shares of the company's stock worth $29,000 after acquiring an additional 1,218 shares during the period. Farther Finance Advisors LLC raised its holdings in Helen of Troy by 5,529.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,351 shares of the company's stock worth $29,000 after purchasing an additional 1,327 shares in the last quarter. Larson Financial Group LLC lifted its position in Helen of Troy by 1,323.2% in the third quarter. Larson Financial Group LLC now owns 1,352 shares of the company's stock valued at $34,000 after purchasing an additional 1,257 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in Helen of Troy by 497.1% in the fourth quarter. Hantz Financial Services Inc. now owns 2,257 shares of the company's stock valued at $48,000 after purchasing an additional 1,879 shares during the period.

Analyst Ratings Changes

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

Helen of Troy Stock Down 6.8%

Shares of NASDAQ HELE opened at $28.15 on Tuesday. The firm's 50-day moving average is $28.11 and its two-hundred day moving average is $22.54. The company has a market capitalization of $655.61 million, a PE ratio of -1.56 and a beta of 1.31. Helen of Troy Limited has a 12-month low of $13.85 and a 12-month high of $30.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 0.81.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. The firm had revenue of $402.12 million during 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 in the previous year, the firm posted $0.41 EPS. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. Equities analysts anticipate that Helen of Troy Limited will post 2.84 EPS for the current fiscal year.

Helen of Troy 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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