BlackRock Inc. lessened its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,017,310 shares of the company’s stock after selling 179,936 shares during the period. BlackRock Inc. owned approximately 12.06% of Helen of Troy worth $349,888,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in Helen of Troy by 4.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 6,693 shares of the company’s stock worth $878,000 after purchasing an additional 278 shares in the last quarter. Legal & General Group Plc increased its position in Helen of Troy by 11.8% during the 4th quarter. Legal & General Group Plc now owns 28,641 shares of the company’s stock worth $3,757,000 after purchasing an additional 3,019 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Helen of Troy during the 4th quarter worth approximately $1,450,000. Strs Ohio increased its position in Helen of Troy by 9.3% during the 1st quarter. Strs Ohio now owns 11,800 shares of the company’s stock worth $1,368,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Stanley Laman Group Ltd. acquired a new position in Helen of Troy during the 4th quarter worth approximately $726,000. 98.93% of the stock is owned by institutional investors.
In other news, Director Timothy F. Meeker sold 2,400 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.00, for a total transaction of $345,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.
HELE opened at $136.12 on Thursday. Helen of Troy Limited has a twelve month low of $94.45 and a twelve month high of $145.46. The company has a quick ratio of 0.97, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.27 billion, a PE ratio of 18.72, a PEG ratio of 2.50 and a beta of 0.75.
Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Friday, April 26th. The company reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.44. Helen of Troy had a net margin of 10.77% and a return on equity of 18.54%. The company had revenue of $384.80 million during the quarter, compared to analysts’ expectations of $364.66 million. During the same period in the prior year, the company posted $1.69 earnings per share. Helen of Troy’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts anticipate that Helen of Troy Limited will post 7.42 earnings per share for the current fiscal year.
HELE has been the subject of several recent research reports. BidaskClub cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. DA Davidson restated a “buy” rating on shares of Helen of Troy in a research report on Thursday, April 25th. Zacks Investment Research cut shares of Helen of Troy from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. ValuEngine upgraded shares of Helen of Troy from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Finally, Sidoti cut shares of Helen of Troy from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Helen of Troy has a consensus rating of “Hold” and a consensus target price of $144.67.
About Helen of Troy
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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