Macquarie Group Ltd. boosted its position in Helen of Troy Limited (NASDAQ:HELE) by 2,101.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the company’s stock after purchasing an additional 2,291 shares during the period. Macquarie Group Ltd.’s holdings in Helen of Troy were worth $313,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc acquired a new stake in Helen of Troy in the second quarter worth approximately $26,000. Cerebellum GP LLC acquired a new stake in Helen of Troy in the second quarter worth approximately $31,000. Asset Planning Services Ltd. acquired a new stake in Helen of Troy in the second quarter worth approximately $58,000. AdvisorNet Financial Inc lifted its position in Helen of Troy by 28.0% in the second quarter. AdvisorNet Financial Inc now owns 974 shares of the company’s stock worth $127,000 after purchasing an additional 213 shares during the period. Finally, Eaton Vance Management acquired a new stake in Helen of Troy in the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 93.49% of the company’s stock.
Several research firms have issued reports on HELE. BidaskClub cut Helen of Troy from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Bank of America upped their price target on 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 upped their price target on 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, ValuEngine cut Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $179.50.
Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.28. The company had revenue of $414.00 million for the quarter, compared to analysts’ expectations of $390.55 million. Helen of Troy had a return on equity of 18.80% and a net margin of 10.80%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 earnings per share. On average, research analysts forecast that Helen of Troy Limited will post 7.8 earnings per share for the current year.
Helen of Troy 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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