Renaissance Technologies LLC Makes New Investment in Helen of Troy Limited $HELE

Renaissance Technologies LLC acquired a new stake in shares of Helen of Troy Limited (NASDAQ:HELE) during the 1st quarter, HoldingsChannel reports. The fund acquired 39,610 shares of the company’s stock, valued at approximately $571,000.

Other institutional investors have also modified their holdings of the company. Paradigm Capital Management Inc. NY increased its stake in Helen of Troy by 64.3% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 927,100 shares of the company’s stock worth $13,369,000 after buying an additional 362,900 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Helen of Troy in the first quarter valued at approximately $1,936,000. RWWM Inc. boosted its stake in shares of Helen of Troy by 85.7% in the first quarter. RWWM Inc. now owns 1,173,829 shares of the company’s stock worth $16,927,000 after acquiring an additional 541,689 shares during the last quarter. Invenomic Capital Management LP boosted its stake in shares of Helen of Troy by 6.9% in the fourth quarter. Invenomic Capital Management LP now owns 593,310 shares of the company’s stock worth $12,608,000 after acquiring an additional 38,325 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Helen of Troy during the fourth quarter worth approximately $504,000.

Helen of Troy Stock Performance

Shares of Helen of Troy stock opened at $30.22 on Monday. The business’s 50 day moving average price is $28.05 and its 200 day moving average price is $22.47. The company has a market cap of $703.82 million, a price-to-earnings ratio of -1.68 and a beta of 1.31. 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 Limited has a one year low of $13.85 and a one year high of $30.68.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Wednesday, July 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. Helen of Troy had a positive return on equity of 6.46% and a negative net margin of 22.70%.The business had revenue of $402.12 million during the quarter, compared to the consensus estimate of $374.55 million. During the same period last year, the company earned $0.41 EPS. The company’s revenue for the quarter 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. On average, research analysts predict that Helen of Troy Limited will post 2.84 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on HELE. 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 report on Thursday, July 9th. Zacks Research cut shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. 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. Canaccord Genuity Group boosted their price target on shares of Helen of Troy from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Finally, 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. One 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’s stock. According to MarketBeat, Helen of Troy presently has a consensus rating of “Hold” and a consensus price target of $26.50.

About Helen of Troy

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.