Fmr LLC decreased its stake in Helen of Troy Limited (NASDAQ:HELE) by 7.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,533,946 shares of the company’s stock after selling 290,995 shares during the quarter. Fmr LLC owned approximately 0.13% of Helen of Troy worth $347,917,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. IMA Wealth Inc. purchased a new stake in shares of Helen of Troy in the second quarter worth about $118,000. Bank of Montreal Can purchased a new position in Helen of Troy during the second quarter worth approximately $122,000. GAM Holding AG purchased a new position in Helen of Troy during the second quarter worth approximately $217,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Helen of Troy during the second quarter worth approximately $236,000. Finally, Keybank National Association OH purchased a new position in Helen of Troy during the second quarter worth approximately $240,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
In other Helen of Troy news, insider Vincent D. Carson sold 6,531 shares of the stock in a transaction that occurred on Thursday, July 12th. The stock was sold at an average price of $111.28, for a total transaction of $726,769.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on the company. ValuEngine upgraded Helen of Troy from a “hold” rating to a “buy” rating in a research report on Tuesday. DA Davidson increased their price target on Helen of Troy to $145.00 and gave the stock a “buy” rating in a research report on Tuesday. BidaskClub downgraded Helen of Troy from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded Helen of Troy from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Saturday, July 14th. Finally, Bank of America upgraded Helen of Troy from a “neutral” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Monday, July 9th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $125.50.
Shares of HELE stock opened at $126.45 on Thursday. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.77 and a beta of 0.77. The company has a current ratio of 2.10, a quick ratio of 1.11 and a debt-to-equity ratio of 0.29. Helen of Troy Limited has a 12-month low of $81.10 and a 12-month high of $126.53.
Helen of Troy (NASDAQ:HELE) last announced its earnings results on Monday, July 9th. The company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.54. Helen of Troy had a return on equity of 19.01% and a net margin of 4.84%. The business had revenue of $354.70 million during the quarter, compared to analysts’ expectations of $333.75 million. During the same quarter in the prior year, the firm earned $1.37 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. research analysts predict that Helen of Troy Limited will post 7 EPS for the current year.
Helen of Troy Profile
Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.
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