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.
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.
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.
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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