Pier 88 Investment Partners LLC Buys 2,130 Shares of Helen of Troy Limited (NASDAQ:HELE)

Pier 88 Investment Partners LLC grew its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 92.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,445 shares of the company’s stock after acquiring an additional 2,130 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Helen of Troy were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in Helen of Troy by 1.5% during the first quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the company’s stock worth $784,000 after purchasing an additional 100 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Helen of Troy by 5.3% in the 1st quarter. SG Americas Securities LLC now owns 2,239 shares of the company’s stock worth $258,000 after buying an additional 112 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Helen of Troy by 1.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,271 shares of the company’s stock valued at $1,299,000 after acquiring an additional 198 shares in the last quarter. CWM LLC increased its position in shares of Helen of Troy by 374.6% during the second quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 221 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Helen of Troy by 4.7% during the first quarter. ProShare Advisors LLC now owns 5,434 shares of the company’s stock worth $626,000 after acquiring an additional 246 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HELE shares. UBS Group reduced their price objective on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. StockNews.com lowered shares of Helen of Troy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. DA Davidson lowered shares of Helen of Troy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $139.00 to $67.00 in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group reduced their target price on shares of Helen of Troy from $137.00 to $84.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th.

Helen of Troy Stock Up 3.6 %

HELE stock opened at $54.82 on Friday. Helen of Troy Limited has a fifty-two week low of $48.05 and a fifty-two week high of $127.83. The stock has a fifty day moving average of $59.88 and a 200-day moving average of $90.45. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 1.05 and a beta of 0.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.87.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Tuesday, July 9th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.60). Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The business had revenue of $416.80 million during the quarter, compared to the consensus estimate of $445.85 million. During the same period last year, the business posted $1.58 earnings per share. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. As a group, equities research analysts predict that Helen of Troy Limited will post 6.33 earnings per share for the current year.

Helen of Troy Profile

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.