Ieq Capital LLC Invests $3.24 Million in Helen of Troy Limited $HELE

Ieq Capital LLC acquired a new stake in Helen of Troy Limited (NASDAQ:HELE – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 111,437 shares of the company’s stock, valued at approximately $3,239,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its stake in Helen of Troy by 60.2% in the first quarter. Royal Bank of Canada now owns 7,102 shares of the company’s stock valued at $380,000 after purchasing an additional 2,670 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Helen of Troy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,533 shares of the company’s stock worth $724,000 after purchasing an additional 563 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Helen of Troy in the 1st quarter valued at approximately $14,013,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Helen of Troy by 16.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,309 shares of the company’s stock worth $3,975,000 after buying an additional 10,397 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Helen of Troy by 4.6% during the second quarter. American Century Companies Inc. now owns 57,265 shares of the company’s stock worth $1,625,000 after acquiring an additional 2,503 shares in the last quarter.

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Helen of Troy Trading Down 1.7%

Shares of HELE stock opened at $28.58 on Tuesday. Helen of Troy Limited has a 12-month low of $13.85 and a 12-month high of $30.68. The company has a market capitalization of $665.63 million, a PE ratio of -1.59 and a beta of 1.31. The firm has a 50 day moving average price of $28.11 and a two-hundred day moving average price of $22.94. 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 – Get Free Report) last posted its earnings results on Wednesday, July 8th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. The company had revenue of $402.12 million for the quarter, compared to the consensus estimate of $374.55 million. Helen of Troy had a positive return on equity of 6.46% and a negative net margin of 22.70%.The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. As a group, analysts predict that Helen of Troy Limited will post 2.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on HELE shares. Zacks Research downgraded shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a research report 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. Canaccord Genuity Group upped their price objective on Helen of Troy from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. UBS Group raised their price objective on Helen of Troy from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. 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 data from MarketBeat, Helen of Troy has an average rating of “Hold” and a consensus price target of $26.50.

View Our Latest Stock Analysis on Helen of Troy

About Helen of Troy

(Free Report)

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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