Hsbc Holdings PLC Takes $8.51 Million Position in Helen of Troy Limited $HELE

Hsbc Holdings PLC acquired a new stake in Helen of Troy Limited (NASDAQ:HELE) in the 2nd quarter, Holdings Channel reports. The fund acquired 297,763 shares of the company’s stock, valued at approximately $8,507,000.

A number of other institutional investors also recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in Helen of Troy during the 2nd quarter valued at approximately $29,000. iSAM Funds UK Ltd acquired a new stake in shares of Helen of Troy during the third quarter worth $27,000. Allworth Financial LP lifted its stake in shares of Helen of Troy by 922.7% during the fourth quarter. Allworth Financial LP now owns 1,350 shares of the company’s stock worth $29,000 after buying an additional 1,218 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Helen of Troy by 5,529.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,351 shares of the company’s stock valued at $29,000 after buying an additional 1,327 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Helen of Troy by 1,323.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,352 shares of the company’s stock valued at $34,000 after acquiring an additional 1,257 shares during the period.

Wall Street Analysts Forecast Growth

HELE has been the subject of a number of research reports. UBS Group lifted their price target on Helen of Troy from $25.00 to $28.00 and gave the stock a “neutral” rating in a research 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. Canaccord Genuity Group lifted their target price on Helen of Troy from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. Weiss Ratings lowered Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of Helen of Troy from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 12th. One 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 company. 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 Stock Performance

NASDAQ HELE opened at $28.62 on Friday. The stock has a 50-day simple moving average of $28.27 and a two-hundred day simple moving average of $23.20. The firm has a market capitalization of $666.56 million, a P/E ratio of -1.59 and a beta of 1.31. Helen of Troy Limited has a fifty-two week low of $13.85 and a fifty-two week high of $30.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 1.78.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Wednesday, July 8th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The firm 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 company’s revenue was up 8.2% compared to the same quarter last year. 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. On average, equities analysts forecast that Helen of Troy Limited will post 2.84 earnings per share for the current year.

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.