Engineers Gate Manager LP Decreases Stake in Helen of Troy Limited $HELE

Engineers Gate Manager LP decreased its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 62.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 65,737 shares of the company’s stock after selling 108,263 shares during the quarter. Engineers Gate Manager LP’s holdings in Helen of Troy were worth $1,911,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HELE. Integrated Wealth Concepts LLC purchased a new position in Helen of Troy during the second quarter worth approximately $61,000. IFP Advisors Inc raised its position in shares of Helen of Troy by 122.0% during the 2nd quarter. IFP Advisors Inc now owns 1,230 shares of the company’s stock valued at $36,000 after buying an additional 676 shares during the period. Allworth Financial LP lifted its holdings in Helen of Troy by 142.2% in the second quarter. Allworth Financial LP now owns 2,589 shares of the company’s stock valued at $75,000 after acquiring an additional 1,520 shares during the last quarter. Hsbc Holdings PLC increased its stake in Helen of Troy by 116.7% during the second quarter. Hsbc Holdings PLC now owns 297,763 shares of the company’s stock worth $8,507,000 after acquiring an additional 160,374 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Helen of Troy by 12.8% in the second quarter. Wellington Management Group LLP now owns 824,238 shares of the company’s stock valued at $23,961,000 after purchasing an additional 93,350 shares during the period.

Helen of Troy Stock Down 2.1%

Shares of NASDAQ HELE opened at $26.95 on Wednesday. The stock has a market cap of $627.67 million, a P/E ratio of -1.50 and a beta of 1.31. The business’s fifty day simple moving average is $28.27 and its 200-day simple moving average is $24.09. Helen of Troy Limited has a 12-month low of $13.85 and a 12-month high of $30.68. The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82.

Helen of Troy (NASDAQ:HELE) last released its 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. The firm had revenue of $402.12 million during the quarter, compared to analysts’ expectations of $374.55 million. Helen of Troy had a positive return on equity of 6.46% and a negative net margin of 22.70%.Helen of Troy’s revenue for the quarter was up 8.2% on a year-over-year basis. 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. As a group, equities analysts predict that Helen of Troy Limited will post 2.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Helen of Troy

Helen of Troy Limited (NASDAQ:HELE) is a consumer products company that develops, manufactures, and markets branded products in the beauty, wellness, household, and outdoor categories. Its portfolio includes personal-care and beauty products, health and wellness devices, kitchen and household products, and hydration and outdoor recreation gear.

The company’s well-known brands include OXO, Hydro Flask, Osprey, Drybar, Vicks, Braun, Hot Tools, Revlon, and Honeywell-branded products sold under license, among others.