Capital Research Global Investors Sells 674,878 Shares of Helen of Troy Limited (NASDAQ:HELE)

Capital Research Global Investors decreased its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 38.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,086,151 shares of the company’s stock after selling 674,878 shares during the quarter. Capital Research Global Investors’ holdings in Helen of Troy were worth $125,168,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HELE. Vanguard Group Inc. increased its holdings in shares of Helen of Troy by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,408,664 shares of the company’s stock worth $280,754,000 after purchasing an additional 16,124 shares during the period. Raymond James & Associates increased its stake in Helen of Troy by 15.2% in the fourth quarter. Raymond James & Associates now owns 3,336 shares of the company’s stock valued at $403,000 after acquiring an additional 441 shares during the period. Pacer Advisors Inc. increased its stake in Helen of Troy by 73.9% in the fourth quarter. Pacer Advisors Inc. now owns 3,562 shares of the company’s stock valued at $430,000 after acquiring an additional 1,514 shares during the period. Strong Tower Advisory Services increased its stake in Helen of Troy by 8.7% in the fourth quarter. Strong Tower Advisory Services now owns 2,368 shares of the company’s stock valued at $286,000 after acquiring an additional 190 shares during the period. Finally, AlphaMark Advisors LLC increased its stake in Helen of Troy by 20.2% in the fourth quarter. AlphaMark Advisors LLC now owns 2,260 shares of the company’s stock valued at $273,000 after acquiring an additional 380 shares during the period.

Analyst Ratings Changes

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

Helen of Troy Price Performance

Helen of Troy stock traded up $3.60 during trading hours on Friday, hitting $58.98. 690,343 shares of the stock were exchanged, compared to its average volume of 905,039. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.87. The stock has a market capitalization of $1.35 billion, a P/E ratio of 9.24, a P/E/G ratio of 1.09 and a beta of 0.84. Helen of Troy Limited has a 12 month low of $54.82 and a 12 month high of $143.68. The business’s 50-day moving average is $88.48 and its two-hundred day moving average is $104.32.

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

Helen of Troy Company 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.