GW&K Investment Management LLC lowered its position in Helen of Troy Limited (NASDAQ:HELE) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,456 shares of the company’s stock after selling 6,206 shares during the period. GW&K Investment Management LLC owned approximately 0.74% of Helen of Troy Limited worth $18,863,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in HELE. Capstone Asset Management Co. raised its stake in shares of Helen of Troy Limited by 2.2% in the second quarter. Capstone Asset Management Co. now owns 2,292 shares of the company’s stock worth $216,000 after buying an additional 50 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Helen of Troy Limited during the first quarter valued at approximately $7,263,000. AQR Capital Management LLC raised its stake in shares of Helen of Troy Limited by 27.8% in the first quarter. AQR Capital Management LLC now owns 179,023 shares of the company’s stock valued at $16,864,000 after buying an additional 38,969 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Helen of Troy Limited by 114.6% in the first quarter. Bank of America Corp DE now owns 152,923 shares of the company’s stock valued at $14,405,000 after buying an additional 81,660 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Helen of Troy Limited by 9.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 156,209 shares of the company’s stock valued at $14,715,000 after buying an additional 13,375 shares in the last quarter. Institutional investors own 89.95% of the company’s stock.
Helen of Troy Limited (NASDAQ:HELE) traded down 0.40% during mid-day trading on Tuesday, reaching $100.45. 94,084 shares of the company were exchanged. Helen of Troy Limited has a 12 month low of $77.50 and a 12 month high of $101.95. The company’s 50 day moving average price is $95.36 and its 200-day moving average price is $94.35. The stock has a market capitalization of $2.73 billion, a P/E ratio of 21.81 and a beta of 0.95.
Helen of Troy Limited (NASDAQ:HELE) last issued its quarterly earnings data on Monday, July 10th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.08. Helen of Troy Limited had a return on equity of 17.70% and a net margin of 8.23%. The business had revenue of $359.61 million during the quarter, compared to analyst estimates of $358.40 million. During the same period in the previous year, the firm earned $1.27 EPS. Helen of Troy Limited’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts expect that Helen of Troy Limited will post $6.73 earnings per share for the current fiscal year.
Helen of Troy Limited announced that its board has approved a stock buyback plan on Monday, May 15th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
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Several brokerages have issued reports on HELE. BidaskClub raised shares of Helen of Troy Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Helen of Troy Limited from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Finally, Sidoti reaffirmed a “buy” rating and issued a $108.00 target price (down previously from $112.00) on shares of Helen of Troy Limited in a report on Saturday, April 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Helen of Troy Limited presently has a consensus rating of “Buy” and a consensus price target of $102.75.
In related news, VP Richard J. Oppenheim sold 1,058 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $95.40, for a total value of $100,933.20. Following the completion of the transaction, the vice president now directly owns 756 shares in the company, valued at approximately $72,122.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by insiders.
Helen of Troy Limited Company Profile
Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has four segments. The Housewares segment provides a range of consumer products for the home.
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