Wedge Capital Management L L P NC Invests $1.53 Million in Helen of Troy Limited $HELE

Key Points

• Wedge Capital Management purchased 52,687 Helen of Troy shares worth approximately $1.53 million, representing about 0.23% of the company.
• Helen of Troy reported quarterly revenue of $402.1 million, up 8.2% year over year and above estimates, while adjusted earnings of $0.17 per share exceeded the $0.02 consensus forecast.
• Shares opened at $30.22, near their 12-month high, but analyst sentiment remained mixed, with a consensus “Hold” rating and an average price target of $26.50.

Wedge Capital Management L L P NC bought a new stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 52,687 shares of the company's stock, valued at approximately $1,532,000. Wedge Capital Management L L P NC owned approximately 0.23% of Helen of Troy at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HELE. iSAM Funds UK Ltd purchased a new stake in shares of Helen of Troy in the third quarter valued at about $27,000. Allworth Financial LP lifted its holdings in shares of Helen of Troy by 922.7% in the 4th quarter. Allworth Financial LP now owns 1,350 shares of the company's stock valued at $29,000 after buying an additional 1,218 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Helen of Troy by 5,529.2% during the 4th 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 boosted its holdings in Helen of Troy by 1,323.2% during the third quarter. Larson Financial Group LLC now owns 1,352 shares of the company's stock worth $34,000 after buying an additional 1,257 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Helen of Troy by 497.1% in the 4th quarter. Hantz Financial Services Inc. now owns 2,257 shares of the company's stock worth $48,000 after acquiring an additional 1,879 shares during the period.

Helen of Troy Trading Up 0.7%

NASDAQ:HELE opened at $30.22 on Friday. The firm has a market capitalization of $703.82 million, a P/E ratio of -1.68 and a beta of 1.31. The business has a 50 day simple moving average of $28.05 and a 200 day simple moving average of $22.44. 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 Limited has a 12-month low of $13.85 and a 12-month high of $30.68.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its earnings results on Wednesday, July 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. The firm had revenue of $402.12 million for the quarter, compared to analyst estimates of $374.55 million. Helen of Troy had a positive return on equity of 6.46% and a negative net margin of 22.70%.During the same period last year, the company earned $0.41 earnings per share. The firm's revenue for the quarter 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. Equities research analysts predict that Helen of Troy Limited will post 2.84 EPS for the current year.

Analyst Ratings Changes

HELE has been the topic of several research reports. Zacks Research lowered shares of Helen of Troy from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. UBS Group upped their price objective on shares of Helen of Troy from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Canaccord Genuity Group increased their target price on Helen of Troy from $23.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, July 9th. Weiss Ratings lowered shares of Helen of Troy from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, July 21st. Finally, Wall Street Zen upgraded Helen of Troy from a "hold" rating to a "strong-buy" rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Helen of Troy has a consensus rating of "Hold" and an average price target of $26.50.

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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