Raymond James & Associates lowered its stake in Helen of Troy Limited (NASDAQ:HELE) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,874 shares of the company’s stock after selling 780 shares during the quarter. Raymond James & Associates’ holdings in Helen of Troy were worth $4,968,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HELE. Robeco Institutional Asset Management B.V. acquired a new position in Helen of Troy in the fourth quarter valued at about $44,729,000. Marshall Wace LLP acquired a new position in Helen of Troy in the third quarter valued at about $32,951,000. Victory Capital Management Inc. lifted its position in Helen of Troy by 157.3% in the third quarter. Victory Capital Management Inc. now owns 393,003 shares of the company’s stock valued at $51,444,000 after buying an additional 240,272 shares during the last quarter. Rothschild & Co. Asset Management US Inc. acquired a new position in Helen of Troy in the fourth quarter valued at about $24,128,000. Finally, BlackRock Inc. lifted its position in Helen of Troy by 4.5% in the fourth quarter. BlackRock Inc. now owns 3,197,246 shares of the company’s stock valued at $419,416,000 after buying an additional 137,467 shares during the last quarter. 94.33% of the stock is currently owned by institutional investors.
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A number of research firms have commented on HELE. BidaskClub cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. Zacks Investment Research cut shares of Helen of Troy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, Bank of America set a $151.00 price target on shares of Helen of Troy and gave the stock a “buy” rating in a research report on Monday, November 19th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $141.67.
Shares of HELE traded up $1.51 during mid-day trading on Tuesday, hitting $114.76. 37,068 shares of the company’s stock were exchanged, compared to its average volume of 342,218. The stock has a market capitalization of $2.94 billion, a PE ratio of 17.00, a P/E/G ratio of 2.80 and a beta of 0.69. Helen of Troy Limited has a fifty-two week low of $81.10 and a fifty-two week high of $145.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.11 and a current ratio of 2.01.
Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Tuesday, January 8th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.24. The business had revenue of $431.10 million for the quarter, compared to analysts’ expectations of $425.76 million. Helen of Troy had a net margin of 12.19% and a return on equity of 18.45%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.52 earnings per share. On average, sell-side analysts predict that Helen of Troy Limited will post 7.03 earnings per share for the current year.
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Helen of Troy Company 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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