Man Group plc Acquires New Position in Helen of Troy Limited $HELE

Man Group plc bought a new position in shares of Helen of Troy Limited (NASDAQ:HELE) during the second quarter, HoldingsChannel.com reports. The firm bought 21,543 shares of the company’s stock, valued at approximately $626,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in Helen of Troy by 60.2% in the 1st quarter. Royal Bank of Canada now owns 7,102 shares of the company’s stock valued at $380,000 after acquiring an additional 2,670 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Helen of Troy by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,533 shares of the company’s stock valued at $724,000 after purchasing an additional 563 shares during the period. Millennium Management LLC purchased a new stake in shares of Helen of Troy in the first quarter valued at $14,013,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 period. Finally, American Century Companies Inc. lifted 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 buying an additional 2,503 shares during the period.

Helen of Troy Price Performance

Shares of HELE stock opened at $28.18 on Friday. The firm has a fifty day simple moving average of $28.42 and a 200-day simple moving average of $23.55. The company has a market capitalization of $656.31 million, a PE ratio of -1.57 and a beta of 1.31. Helen of Troy Limited has a twelve month low of $13.85 and a twelve 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 quarterly earnings results on Wednesday, July 8th. The company reported $0.17 earnings per share (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 the consensus estimate of $374.55 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue 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 anticipate that Helen of Troy Limited will post 2.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on HELE. Canaccord Genuity Group lifted their price target on Helen of Troy from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, July 9th. UBS Group boosted their target price 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. Weiss Ratings downgraded shares of Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. 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. Finally, Zacks Research downgraded 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 given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.