Wedge Capital Management L L P NC Invests $1.53 Million in Helen of Troy Limited $HELE

Wedge Capital Management L L P NC acquired a new position in Helen of Troy Limited (NASDAQ:HELE) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 52,687 shares of the company’s stock, valued at approximately $1,532,000.

Several other large investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its stake in Helen of Troy by 54.5% during the 2nd quarter. Versant Capital Management Inc now owns 3,618 shares of the company’s stock valued at $105,000 after acquiring an additional 1,277 shares in the last quarter. Seven Six Capital Management LLC grew its stake in shares of Helen of Troy by 61.4% in the first quarter. Seven Six Capital Management LLC now owns 76,200 shares of the company’s stock worth $1,099,000 after purchasing an additional 29,000 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Helen of Troy by 561.3% during the first quarter. Royal Bank of Canada now owns 12,023 shares of the company’s stock valued at $173,000 after purchasing an additional 10,205 shares during the period. Rubric Capital Management LP increased its holdings in shares of Helen of Troy by 42.5% during the first quarter. Rubric Capital Management LP now owns 366,226 shares of the company’s stock valued at $5,281,000 after purchasing an additional 109,289 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of Helen of Troy by 22.6% during the 1st quarter. Quantinno Capital Management LP now owns 45,465 shares of the company’s stock worth $656,000 after buying an additional 8,379 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HELE. UBS Group upped their price target on shares of Helen of Troy from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Canaccord Genuity Group raised their price objective on shares of Helen of Troy from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded Helen of Troy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Zacks Research lowered Helen of Troy from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings cut Helen of Troy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. One 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.50.

Helen of Troy Trading Up 0.7%

Shares of NASDAQ:HELE opened at $30.22 on Friday. The stock has a market capitalization of $703.82 million, a price-to-earnings ratio of -1.68 and a beta of 1.31. Helen of Troy Limited has a 1-year low of $13.85 and a 1-year 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. The company has a 50 day moving average price of $28.05 and a 200 day moving average price of $22.44.

Helen of Troy (NASDAQ:HELE) last posted 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. The firm had revenue of $402.12 million for the quarter, compared to analyst estimates of $374.55 million. Helen of Troy had a negative net margin of 22.70% and a positive return on equity of 6.46%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. Helen of Troy has set its FY 2027 guidance at 3.250-3.750 EPS. On average, research analysts anticipate that Helen of Troy Limited will post 2.84 EPS for the current fiscal 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.