Louisiana State Employees Retirement System reduced its stake in Helen of Troy Ltd. (NASDAQ:HELE) by 40.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,400 shares of the company’s stock after selling 5,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Helen of Troy were worth $761,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. GW&K Investment Management LLC acquired a new position in Helen of Troy during the second quarter valued at $25,009,000. Fisher Asset Management LLC increased its position in Helen of Troy by 57.2% in the second quarter. Fisher Asset Management LLC now owns 333,977 shares of the company’s stock valued at $33,565,000 after buying an additional 121,530 shares in the last quarter. Hillcrest Asset Management LLC acquired a new position in Helen of Troy during the first quarter valued at $9,165,000. Renaissance Technologies LLC increased its position in Helen of Troy by 270.2% in the first quarter. Renaissance Technologies LLC now owns 117,010 shares of the company’s stock valued at $12,133,000 after buying an additional 85,400 shares in the last quarter. Finally, Foundry Partners LLC acquired a new position in Helen of Troy during the second quarter valued at $4,686,000. 94.68% of the stock is currently owned by hedge funds and other institutional investors.
Helen of Troy Ltd. (NASDAQ:HELE) traded down 7.11% during midday trading on Friday, reaching $80.69. 926,543 shares of the company traded hands. Helen of Troy Ltd. has a 12 month low of $80.21 and a 12 month high of $106.50. The company’s 50-day moving average price is $88.51 and its 200 day moving average price is $97.17. The firm has a market capitalization of $2.25 billion, a PE ratio of 22.01 and a beta of 1.00.
Helen of Troy (NASDAQ:HELE) last posted its earnings results on Thursday, October 6th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.17. The firm earned $368.17 million during the quarter. Helen of Troy had a net margin of 6.70% and a return on equity of 18.83%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the company posted $1.12 EPS. On average, equities analysts anticipate that Helen of Troy Ltd. will post $6.16 earnings per share for the current year.
HELE has been the topic of several research reports. Jefferies Group reissued a “buy” rating and issued a $114.00 price target on shares of Helen of Troy in a research note on Wednesday, July 6th. KeyCorp restated a “hold” rating on shares of Helen of Troy in a research report on Thursday. Sidoti upgraded shares of Helen of Troy from a “neutral” rating to a “buy” rating and set a $112.00 price objective for the company in a research report on Friday, August 19th. Finally, Zacks Investment Research upgraded shares of Helen of Troy from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Tuesday, July 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Helen of Troy presently has a consensus rating of “Hold” and a consensus price target of $107.50.
About Helen of Troy
Helen of Troy Limited is a global consumer products company. The Company offers solutions for its customers through a portfolio of brands. It is a global designer, developer, importer, marketer, and distributor of a portfolio of brand-name consumer products. It has four business segments: Housewares, Healthcare/Home Environment, Nutritional Supplements and Personal Care.
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