The Attractiveness of Investing In Helen of Troy Limited (HELE) is Growing


In a filing, Helen of Troy Limited revealed its Chief Financial Officer Grass Brian acquired Company’s shares for reported $0.48 million on May 11. In the deal valued at $96.13 per share,5,000 shares were bought. As a result of this transaction, Grass Brian now holds 35,835 shares worth roughly $ 4.38 million.

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UBS initiated its Helen of Troy Limited [HELE] rating to a Neutral in a research note published on Friday, April 17, 2023; the price target was $99. PT values the company’s stock at a premium of -23.44 to its Friday closing price.

Price Performance Review of HELE

On Friday, Helen of Troy Limited [NASDAQ:HELE] saw its stock fall -0.58% to $122.21. On the same session, the stock had its day’s lowest price of $121.721, but rose to a high of $124.39. Over the last five days, the stock has gained 1.07%. Helen of Troy Limited shares have risen nearly 10.19% since the year began. Nevertheless, the stocks have fallen -1.15% over the past one year. While a 52-week high of $143.68 was reached on 07/28/23, a 52-week low of $81.14 was recorded on 04/26/23. SMA at 50 days reached $125.17, while 200 days put it at $106.96. A total of 0.18 million shares were traded, compared to the trading of 0.19 million shares in the previous session.

Levels Of Support And Resistance For HELE Stock

The 24-hour chart illustrates a support level at 121.16, which if violated will result in even more drops to 120.10. On the upside, there is a resistance level at 123.83. A further resistance level may holdings at 125.44. The Relative Strength Index (RSI) on the 14-day chart is 42.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 61.83%. Stochastics %K at 45.69% indicates the stock is a holding.

How much short interest is there in Helen of Troy Limited?

A steep rise in short interest was recorded in Helen of Troy Limited stocks on Aug 14, 2023, dropping by -0.39 million shares to a total of 5.01 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.4 million shares. There was a decline of -7.78%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 31.60% of the overall stock float, the days-to-cover ratio (short ratio) fell to 13.73.

Helen of Troy Limited [HELE] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 2,730,515 shares, or roughly 11.33% of the outstanding HELE shares. In other words, the investor’s shares have risen by 61,490 from its previous 13-F filing of 2669025.0. Additionally, BlackRock Fund Advisors increased 2.69% of its stake after which the total value it holdings stand at $355,259,427, while The Vanguard Group, Inc. reduced -0.01% of its stake to hold $332.23 million in the firm. Over the last quarter, Cooke & Bieler LP purchased 149,425 shares of Helen of Troy Limited, while Capital Research & Management Co bought 553 shares. At present, Dimensional Fund Advisors LP is holding 1,099,685 shares valued at $155.39 million. JPMorgan Investment Management, I owned 1,019,519 shares of the company at the time of its most recent 13F filing, worth $144.06 million.

According to FactSet, Helen of Troy Limited’s share price will average $159.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 26.1 percent from its previous closing price of $122.92. Analysts expect Helen of Troy Limited stock to reach the higher price of $180.00, while the lowest price estimate is $149.00. However, 7 analysts have rated HELE stock as an Overweight in their predictions for 2023.


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