Empowered Funds LLC Makes New Investment in Helen of Troy Limited $HELE

Empowered Funds LLC bought a new stake in shares of Helen of Troy Limited (NASDAQ:HELE) in the 2nd quarter, Holdings Channel reports. The firm bought 58,005 shares of the company’s stock, valued at approximately $1,686,000.

Other hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Helen of Troy in the second quarter worth approximately $112,000. Bank of America Corp DE purchased a new position in Helen of Troy during the 2nd quarter valued at $27,749,000. Man Group plc bought a new position in Helen of Troy in the 2nd quarter valued at $626,000. Hsbc Holdings PLC bought a new position in Helen of Troy in the 2nd quarter valued at $8,507,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Helen of Troy in the second quarter worth $471,000.

Helen of Troy Trading Down 1.4%

HELE opened at $28.18 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.78 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average is $28.42 and its two-hundred day moving average is $23.55. The company has a market capitalization of $656.31 million, a P/E ratio of -1.57 and a beta of 1.31. Helen of Troy Limited has a 52 week low of $13.85 and a 52 week high of $30.68.

Helen of Troy (NASDAQ:HELE) 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. Helen of Troy had a positive return on equity of 6.46% and a negative net margin of 22.70%.The business had revenue of $402.12 million during the quarter, compared to analysts’ expectations of $374.55 million. During the same period in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. Analysts forecast that Helen of Troy Limited will post 2.84 earnings per share for the current year.

Analysts Set New Price Targets

HELE has been the subject of several research analyst reports. Weiss Ratings downgraded Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Canaccord Genuity Group upped their price target on shares of Helen of Troy from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. Wall Street Zen raised shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 12th. UBS Group lifted their price objective on shares of Helen of Troy from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Zacks Research cut shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. One equities research 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.50.

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.