Renaissance Technologies LLC Takes Position in Helen of Troy Limited $HELE

Key Points

• Renaissance Technologies initiated a position in Helen of Troy, buying 39,610 shares worth approximately $571,000, or about 0.17% of the company.
• Several other institutional investors increased their holdings, including Millennium Management, RWWM, Paradigm Capital, Charles Schwab Investment Management and Wellington Management.
• Helen of Troy exceeded quarterly earnings and revenue expectations, reporting $0.17 in EPS and $402.12 million in revenue; however, analysts maintain a consensus “Hold” rating with a $26.50 price target.

Renaissance Technologies LLC acquired a new position in Helen of Troy Limited (NASDAQ:HELE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 39,610 shares of the company's stock, valued at approximately $571,000. Renaissance Technologies LLC owned about 0.17% of Helen of Troy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HELE. RWWM Inc. lifted its stake in Helen of Troy by 85.7% during the 1st quarter. RWWM Inc. now owns 1,173,829 shares of the company's stock valued at $16,927,000 after acquiring an additional 541,689 shares during the period. Millennium Management LLC increased its stake in shares of Helen of Troy by 164.9% in the fourth 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 during the period. Paradigm Capital Management Inc. NY increased its stake in shares of Helen of Troy by 64.3% in the first quarter. Paradigm Capital Management Inc. NY now owns 927,100 shares of the company's stock worth $13,369,000 after acquiring an additional 362,900 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Helen of Troy by 24.9% during the fourth 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 raised its holdings in shares of Helen of Troy by 159.2% during the third 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of Helen of Troy from $23.00 to $25.00 and gave the company a "hold" rating in a research 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 cut Helen of Troy from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Weiss Ratings downgraded Helen of Troy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, July 21st. Finally, UBS Group raised their target price on Helen of Troy from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Helen of Troy currently has an average rating of "Hold" and a consensus price target of $26.50.

Helen of Troy Stock Performance

Shares of Helen of Troy stock opened at $30.22 on Monday. The firm has a 50-day simple moving average of $28.05 and a two-hundred day simple moving average of $22.47. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 1.78. Helen of Troy Limited has a fifty-two week low of $13.85 and a fifty-two week high of $30.68. The company has a market cap of $703.82 million, a P/E ratio of -1.68 and a beta of 1.31.

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