Helen of Troy Limited (NASDAQ:HELE) was the recipient of some unusual options trading on Tuesday. Investors acquired 1,716 put options on the stock. This represents an increase of approximately 1,967% compared to the average daily volume of 83 put options.
A number of hedge funds have recently modified their holdings of the stock. Meadow Creek Investment Management LLC grew its stake in Helen of Troy by 25.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 2,838 shares of the company’s stock worth $273,000 after purchasing an additional 572 shares during the period. Mutual of America Capital Management LLC grew its stake in Helen of Troy by 2.9% in the third quarter. Mutual of America Capital Management LLC now owns 23,052 shares of the company’s stock worth $2,234,000 after purchasing an additional 649 shares during the period. California Public Employees Retirement System grew its stake in Helen of Troy by 2.6% in the second quarter. California Public Employees Retirement System now owns 27,600 shares of the company’s stock worth $2,597,000 after purchasing an additional 700 shares during the period. Systematic Financial Management LP grew its stake in Helen of Troy by 0.7% in the third quarter. Systematic Financial Management LP now owns 103,349 shares of the company’s stock worth $10,015,000 after purchasing an additional 737 shares during the period. Finally, ING Groep NV grew its stake in Helen of Troy by 23.4% in the fourth quarter. ING Groep NV now owns 4,114 shares of the company’s stock worth $396,000 after purchasing an additional 780 shares during the period. 90.09% of the stock is currently owned by institutional investors.
Several analysts have weighed in on HELE shares. KeyCorp reiterated a “hold” rating on shares of Helen of Troy in a research report on Friday, November 24th. Zacks Investment Research downgraded Helen of Troy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. BidaskClub upgraded Helen of Troy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 9th. ValuEngine upgraded Helen of Troy from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Finally, TheStreet downgraded Helen of Troy from a “b” rating to a “c” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $101.75.
Helen of Troy (NASDAQ:HELE) last announced its earnings results on Monday, January 8th. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.45. The company had revenue of $453.00 million during the quarter, compared to the consensus estimate of $452.81 million. Helen of Troy had a return on equity of 18.37% and a net margin of 1.28%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.37 earnings per share. research analysts expect that Helen of Troy will post 6.52 EPS for the current year.
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About Helen of Troy
Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has three segments. The Housewares segment provides a range of consumer products for the home.
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