SCHEDULE 13G: FMR LLC and Abigail P. Johnson Affirm 11.3% Passive Stake in Helen of Troy Ltd.
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an updated Schedule 13G, confirming their beneficial ownership of 11.3% of Helen of Troy Ltd.'s common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 2,587,360.50 shares of Helen of Troy Ltd. common stock.
- This ownership represents 11.3% of the total outstanding common stock of Helen of Troy Ltd.
- The filing is a Schedule 13G, indicating that the shares are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- FMR LLC, a Delaware-organized entity, holds sole voting power over 2,585,168.00 shares and sole dispositive power over 2,587,360.50 shares.
- Abigail P. Johnson, a U.S. citizen, holds sole dispositive power over 2,587,360.50 shares, with no sole or shared voting power.
- The filing is Amendment 32 to a previous Schedule 13G, filed to assign an accession number, with the beneficial ownership reported as of March 31, 2025.
- Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as relevant entities beneficially owning shares, with Fidelity Management & Research Company LLC beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 7
Explanation: The filing confirms a significant, stable beneficial ownership stake by a major institutional investor, FMR LLC, in Helen of Troy Ltd., indicating continued confidence without any intent to influence control.
Positives
- The continued significant stake (11.3%) by a major institutional investor like FMR LLC and its affiliates may signal ongoing confidence in Helen of Troy Ltd.'s long-term prospects.
- The passive nature of the investment, as indicated by the Schedule 13G filing, suggests that FMR LLC is not seeking to disrupt the company's current management or strategic direction.
Risks
- The shares are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of Helen of Troy Ltd., meaning FMR LLC is a passive investor and will not actively intervene in corporate governance or strategic decisions.
Management Comments
- FMR LLC and Abigail P. Johnson certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of Helen of Troy Ltd., nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.
Stakeholder Impact
- Shareholders: Confirmation of a significant, stable institutional investor holding a substantial stake may reinforce confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC (accession number -23-000003) where FMR LLC's power of attorney was incorporated. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC (accession number -23-000038) where Abigail P. Johnson's power of attorney was incorporated. |
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership reporting date). |
| 05/09/2025 | Date of filing of this Schedule 13G Amendment 32. |
Keywords
Helen of Troy Ltd., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, G4388N106
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