Helen of Troy Limited $HELE Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 116.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,763 shares of the company’s stock after acquiring an additional 160,374 shares during the period. Hsbc Holdings PLC’s holdings in Helen of Troy were worth $8,507,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Helen of Troy in the second quarter worth $54,740,000. RWWM Inc. raised its stake in shares of Helen of Troy by 85.7% during the first quarter. RWWM Inc. now owns 1,173,829 shares of the company’s stock valued at $16,927,000 after purchasing an additional 541,689 shares in the last quarter. Millennium Management LLC raised its stake in shares of Helen of Troy by 164.9% during the fourth quarter. Millennium Management LLC now owns 1,049,381 shares of the company’s stock valued at $22,299,000 after purchasing an additional 653,300 shares in the last quarter. Bank of America Corp DE acquired a new stake in Helen of Troy in the second quarter worth about $27,749,000. Finally, Paradigm Capital Management Inc. NY lifted its holdings in 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 purchasing an additional 362,900 shares during the period.

Helen of Troy Trading Down 2.7%

Shares of HELE stock opened at $27.32 on Thursday. The stock has a 50-day simple moving average of $28.36 and a 200 day simple moving average of $23.83. Helen of Troy Limited has a fifty-two week low of $13.85 and a fifty-two week high of $30.68. The stock has a market capitalization of $636.28 million, a P/E ratio of -1.52 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.78 and a debt-to-equity ratio of 0.82.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Wednesday, July 8th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. Helen of Troy had a negative net margin of 22.70% and a positive return on equity of 6.46%. The firm had revenue of $402.12 million for the quarter, compared to analysts’ expectations of $374.55 million. During the same period in the previous year, the business earned $0.41 earnings per share. Helen of Troy’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. On average, sell-side analysts expect that Helen of Troy Limited will post 2.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HELE shares. UBS Group increased their target price on shares of Helen of Troy from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Zacks Research cut shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Canaccord Genuity Group raised their price objective on shares of Helen of Troy from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings lowered shares of Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.50.

Helen of Troy Company 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.