Huge Reduction: Pinnacle Associates Ltd. Cuts Stake in Helen of Troy Limited by 62.8%
April 21, 2023
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Helen ($NASDAQ:HELE) of Troy Limited is a publically-traded company specializing in the design and distribution of consumer products. The company’s product portfolio includes personal care products, such as electric toothbrushes, hair care, and grooming products; health and home products like air purifiers, humidifiers, and scales; and housewares and kitchen appliances. This marks a significant shift for Pinnacle Associates Ltd., which previously held a large stake in the company. It is unclear what motivated this drastic reduction in the company’s holdings, but it will likely have a major impact on Helen of Troy Limited going forward.
Investors should take note of this major shift in ownership and consider the potential implications for the future of Helen of Troy Limited. The company has seen its share price drop significantly in recent months, and this latest news could be a sign of further trouble for the company. It remains to be seen how this huge reduction in ownership will affect Helen of Troy Limited in the coming months and years.
Price History
This came as a surprise to investors, as the stock opened the day at $87.5 and closed at just $87.4, a decrease of 0.9% from its previous closing price of 88.1. The stock saw a slight decrease in value despite the dramatic change in ownership, indicating investor confidence in the company’s future remains strong. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HELE. More…
| Total Revenues | Net Income | Net Margin |
| 2.17k | 146.89 | 7.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HELE. More…
| Operations | Investing | Financing |
| 195.4 | -738.06 | 543.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HELE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.13k | 1.67k | 60.73 |
Key Ratios Snapshot
Some of the financial key ratios for HELE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | -0.5% | 9.6% |
| FCF Margin | ROE | ROA |
| 0.6% | 9.1% | 4.2% |
Analysis
At GoodWhale, we’ve conducted an analysis of HELEN OF TROY’s fundamentals. Our Star Chart analysis shows that HELEN OF TROY is strong in profitability and medium in asset, growth and dividend. Its Health score of 8/10 is an indication that it is capable to sustain future operations in times of crisis. We classify HELEN OF TROY as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. This makes HELEN OF TROY a particularly attractive investment option for investors who are looking for a reliable, stable stock to include in their portfolios. These investors may include those who are interested in long-term capital growth and those who are looking for a more secure investment option due to market volatility. More…
Peers
The Company is a leading designer, developer and marketer of consumer products sold under internationally recognized brand names such as OXO, Good Grips, OXO Steel, Hydrotherm, and Splendide. The Company’s products are distributed through a variety of channels, including mass merchandisers, home centers, grocery stores, drug stores, department stores, and e-commerce sites. The Company operates in two segments: Housewares and International Housewares. The Company’s competitors include Lykis Ltd, Taiyen Biotech Co Ltd, Aekyung Industrial Co Ltd, among others.
– Lykis Ltd ($BSE:530689)
Lykis Ltd is a publicly traded company with a market capitalization of 763.38 million as of 2022. The company has a return on equity of 18.71%. Lykis Ltd is engaged in the business of providing engineering and construction services. The company has a strong presence in the Asia-Pacific region.
– Taiyen Biotech Co Ltd ($TWSE:1737)
Taiyen Biotech Co Ltd is a pharmaceutical company that develops, manufactures, and markets prescription drugs and over-the-counter medicines. The company has a market cap of 6.01B as of 2022 and a Return on Equity of 4.56%. Taiyen Biotech Co Ltd was founded in Taiwan in 1984 and has since expanded its operations to China, Hong Kong, and Macau. The company’s products include antibiotics, anti-fungals, antivirals, and anti-inflammatories.
– Aekyung Industrial Co Ltd ($KOSE:018250)
Aekyung Industrial Co Ltd is a large conglomerate based in South Korea with a market cap of 283.07B as of 2022. The company has a Return on Equity of 3.54%. Aekyung Industrial Co Ltd is involved in a wide range of businesses including chemicals, petrochemicals, oil refining, construction, and retail.
Summary
Helen of Troy Limited is a consumer products company with a wide range of products in the health and home, beauty, and housewares markets. Pinnacle Associates Ltd. recently reported a significant reduction in its holdings of Helen of Troy Limited stock during the fourth quarter. This indicates that Pinnacle Associates Ltd. has become more bearish on the company’s stock. Investors looking to analyze Helen of Troy Limited should take into account the recent trading activity by Pinnacle Associates Ltd. as well as the company’s financial performances and outlook.
Additionally, investors should look at the macroeconomic environment, industry trends, and competitive landscape to better understand the company’s prospects before making an investment decision.
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