Twinbeech Capital LP Takes $516,000 Position in Helen of Troy Limited (NASDAQ:HELE)

Twinbeech Capital LP purchased a new stake in shares of Helen of Troy Limited (NASDAQ:HELE) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,449 shares of the company’s stock, valued at approximately $516,000.

Several other hedge funds have also recently made changes to their positions in HELE. Capital Asset Advisory Services LLC acquired a new position in shares of Helen of Troy in the fourth quarter worth approximately $27,000. Van ECK Associates Corp acquired a new position in shares of Helen of Troy in the first quarter worth approximately $31,000. RMR Wealth Builders acquired a new position in shares of Helen of Troy in the first quarter worth approximately $42,000. Meeder Asset Management Inc. acquired a new position in shares of Helen of Troy in the first quarter worth approximately $69,000. Finally, Ameritas Investment Company LLC acquired a new position in shares of Helen of Troy in the first quarter worth approximately $102,000.

In other news, CEO Julien Mininberg sold 5,344 shares of the company’s stock in a transaction on Friday, June 11th. The stock was sold at an average price of $226.66, for a total transaction of $1,211,271.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.93% of the stock is owned by corporate insiders.

HELE stock opened at $223.36 on Thursday. The stock has a fifty day simple moving average of $219.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.90 and a current ratio of 1.85. Helen of Troy Limited has a 1-year low of $181.85 and a 1-year high of $265.97. The stock has a market capitalization of $5.38 billion, a PE ratio of 22.38, a P/E/G ratio of 3.06 and a beta of 0.84.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Wednesday, July 7th. The company reported $3.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.85. Helen of Troy had a return on equity of 23.94% and a net margin of 11.29%. The business had revenue of $541.20 million for the quarter, compared to analysts’ expectations of $438.91 million. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The business’s revenue was up 28.6% on a year-over-year basis. As a group, equities research analysts forecast that Helen of Troy Limited will post 9.07 earnings per share for the current year.

A number of equities research analysts have weighed in on HELE shares. DA Davidson lowered their target price on Helen of Troy from $247.00 to $223.00 and set a “neutral” rating for the company in a report on Wednesday, April 14th. Zacks Investment Research upgraded Helen of Troy from a “strong sell” rating to a “hold” rating and set a $236.00 target price for the company in a report on Tuesday, June 29th. Finally, Oppenheimer reiterated a “hold” rating on shares of Helen of Troy in a report on Thursday, April 22nd. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $237.25.

About Helen of Troy

Helen of Troy Ltd. engages in the manufacture and distribution of personal care and household products. It operates through the following segments: Housewares, Healthcare and Home, and Beauty. The Housewares segment offers food preparation tools, containers, electronics, baby care, and cleaning products.

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Institutional Ownership by Quarter for Helen of Troy (NASDAQ:HELE)

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