Helen of Troy Limited $HELE Stock: Pzena Investment Management LLC Trims Position

Pzena Investment Management LLC decreased its stake in Helen of Troy Limited (NASDAQ:HELE) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 646,418 shares of the company’s stock after selling 30,159 shares during the period. Pzena Investment Management LLC’s holdings in Helen of Troy were worth $17,718,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in Helen of Troy during the 2nd quarter worth $29,000. IFP Advisors Inc boosted its stake in Helen of Troy by 122.0% in the second quarter. IFP Advisors Inc now owns 1,230 shares of the company’s stock valued at $36,000 after acquiring an additional 676 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Helen of Troy in the second quarter valued at $61,000. Allworth Financial LP purchased a new position in shares of Helen of Troy during the second quarter worth about $75,000. Finally, State of Wyoming purchased a new position in shares of Helen of Troy during the second quarter worth about $87,000.

Helen of Troy News Roundup

Here are the key news stories impacting Helen of Troy this week:

• Positive Sentiment: Empower Brands, a unit of Spectrum Brands, made an unsolicited, non-binding all-cash offer of $37 per share, valuing Helen of Troy at about $1.6 billion. The proposal was reportedly raised from an earlier $34-per-share bid, fueling takeover interest and helping lift HELE shares to a 52-week high. Article: Empower Brands Makes Unsolicited Bid to Buy Helen of Troy for $1.6 Billion
• Negative Sentiment: Helen of Troy’s board unanimously rejected the offer. Because the proposal is non-binding and has been turned down, a transaction is not assured; the rejection could temper takeover-related gains unless the bidder returns with improved terms. Article: Helen of Troy Rejects Empower Brands’ $37-Per-Share Acquisition Proposal

Helen of Troy Stock Performance

NASDAQ:HELE opened at $37.77 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.65 and a debt-to-equity ratio of 0.76. Helen of Troy Limited has a fifty-two week low of $13.85 and a fifty-two week high of $38.82. The stock has a market cap of $883.48 million, a PE ratio of -8.66 and a beta of 1.35. The firm’s fifty day simple moving average is $28.52 and its 200-day simple moving average is $24.13.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings data on Thursday, October 8th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.50 by $0.29. The firm had revenue of $440.93 million during the quarter, compared to analysts’ expectations of $442.33 million. Helen of Troy had a negative net margin of 5.43% and a positive return on equity of 7.73%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.600-4.150 EPS. Analysts expect that Helen of Troy Limited will post 3.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

HELE has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their target price on Helen of Troy from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, October 6th. Zacks Research raised Helen of Troy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Helen of Troy in a research note on Monday, October 19th. 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. Finally, UBS Group boosted their price target on Helen of Troy from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Helen of Troy has a consensus rating of “Moderate Buy” and an average price target of $27.50.

About Helen of Troy

Helen of Troy Limited is a consumer products company that develops, markets and distributes a portfolio of beauty, wellness, household and outdoor brands. Its products are sold through mass retailers, specialty stores, e-commerce channels and other distribution partners in North America and international markets.

The company’s brand portfolio includes OXO, known for kitchen, cleaning and organization products; Hydro Flask and Osprey, which offer hydration, travel and outdoor equipment; and beauty brands such as Hot Tools, Drybar and Curlsmith.