Bank of America Corp DE lowered its position in shares of Helen of Troy Limited (NASDAQ:HELE – Get Rating) by 6.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,315 shares of the company's stock after selling 10,906 shares during the period. Bank of America Corp DE owned approximately 0.70% of Helen of Troy worth $32,572,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Lindenwold Advisors raised its stake in shares of Helen of Troy by 6.1% during the first quarter. Lindenwold Advisors now owns 2,791 shares of the company's stock valued at $547,000 after purchasing an additional 161 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Helen of Troy by 17.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,261 shares of the company's stock worth $834,000 after buying an additional 647 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Helen of Troy by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 54,958 shares of the company's stock worth $10,761,000 after buying an additional 449 shares during the last quarter. Castleark Management LLC increased its stake in shares of Helen of Troy by 265.2% in the fourth quarter. Castleark Management LLC now owns 18,660 shares of the company's stock worth $4,562,000 after buying an additional 13,550 shares during the last quarter. Finally, Boston Trust Walden Corp increased its stake in shares of Helen of Troy by 1.6% in the first quarter. Boston Trust Walden Corp now owns 137,508 shares of the company's stock worth $26,930,000 after buying an additional 2,148 shares during the last quarter.
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Analyst Upgrades and Downgrades
HELE has been the subject of a number of research analyst reports. TheStreet lowered shares of Helen of Troy from a "b-" rating to a "c+" rating in a research note on Thursday, June 16th. CL King dropped their price target on shares of Helen of Troy from $282.00 to $206.00 in a research note on Tuesday, June 28th. DA Davidson dropped their price target on shares of Helen of Troy from $244.00 to $175.00 and set a "neutral" rating for the company in a research note on Friday, July 8th. StockNews.com downgraded shares of Helen of Troy from a "hold" rating to a "sell" rating in a report on Saturday, July 16th. Finally, Raymond James assumed coverage on shares of Helen of Troy in a report on Tuesday, July 12th. They issued a "market perform" rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $214.67.
Helen of Troy Stock Performance
Helen of Troy stock opened at $96.44 on Friday. Helen of Troy Limited has a 12 month low of $96.39 and a 12 month high of $256.26. The company has a market cap of $2.31 billion, a PE ratio of 12.25, a P/E/G ratio of 1.50 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 0.93. The company has a fifty day moving average price of $124.28 and a two-hundred day moving average price of $162.04.
Helen of Troy (NASDAQ:HELE – Get Rating) last announced its quarterly earnings results on Thursday, July 7th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.16. Helen of Troy had a net margin of 8.74% and a return on equity of 18.08%. The company had revenue of $508.10 million during the quarter, compared to the consensus estimate of $474.17 million. During the same quarter in the previous year, the company posted $2.95 earnings per share. The company's revenue for the quarter was down 6.1% compared to the same quarter last year. Research analysts expect that Helen of Troy Limited will post 8.26 earnings per share for the current year.
About Helen of Troy
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Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments: Home & Outdoor, Health & Wellness, and Beauty. The Home & Outdoor segment offers food preparation tools and gadgets, storage containers, and organization products; coffee makers, grinders, manual pour overs, and tea kettles; household cleaning products, shower organization, and bathroom accessories; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; insulated water bottles, hydration packs, drinkware, mugs, food containers, lunch containers, insulated totes, soft coolers, and accessories; and technical and outdoor sports packs, travel packs, luggage, daypacks, and everyday packs.
Further Reading
- Get a free copy of the StockNews.com research report on Helen of Troy (HELE)
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