Eagle Asset Management Inc. decreased its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,326 shares of the company’s stock after selling 23,821 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.72% of Helen of Troy worth $28,587,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HELE. WINTON GROUP Ltd raised its stake in Helen of Troy by 660.2% during the second quarter. WINTON GROUP Ltd now owns 32,734 shares of the company’s stock worth $4,275,000 after acquiring an additional 28,428 shares during the period. Nisa Investment Advisors LLC grew its position in Helen of Troy by 14.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,425 shares of the company’s stock worth $839,000 after purchasing an additional 800 shares during the last quarter. AdvisorNet Financial Inc grew its position in Helen of Troy by 28.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 974 shares of the company’s stock worth $127,000 after purchasing an additional 213 shares during the last quarter. Asset Planning Services Ltd. bought a new position in shares of Helen of Troy in the second quarter valued at approximately $58,000. Finally, Cerebellum GP LLC bought a new position in shares of Helen of Troy in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.
Several research analysts have recently issued reports on the stock. ValuEngine cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America increased their price objective on shares of Helen of Troy from $170.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. DA Davidson increased their price objective on shares of Helen of Troy from $172.00 to $184.00 and gave the company a “buy” rating in a report on Monday, October 7th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Helen of Troy currently has a consensus rating of “Hold” and a consensus price target of $179.50.
Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.28. Helen of Troy had a net margin of 10.80% and a return on equity of 18.80%. The company had revenue of $414.00 million for the quarter, compared to analyst estimates of $390.55 million. During the same quarter in the prior year, the business posted $1.98 EPS. Helen of Troy’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts predict that Helen of Troy Limited will post 7.8 earnings per share for the current fiscal year.
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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