Capital World Investors Cuts Stock Holdings in Helen of Troy Limited (NASDAQ:HELE)

Capital World Investors cut its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 12.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 600,000 shares of the company’s stock after selling 85,000 shares during the quarter. Capital World Investors’ holdings in Helen of Troy were worth $69,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Capital International Investors increased its position in Helen of Troy by 14.2% during the 1st quarter. Capital International Investors now owns 360,102 shares of the company’s stock worth $41,498,000 after purchasing an additional 44,758 shares in the last quarter. EntryPoint Capital LLC increased its position in shares of Helen of Troy by 244.3% in the first quarter. EntryPoint Capital LLC now owns 3,037 shares of the company’s stock worth $350,000 after acquiring an additional 2,155 shares in the last quarter. MQS Management LLC purchased a new position in shares of Helen of Troy in the 1st quarter valued at $256,000. Bessemer Group Inc. lifted its holdings in shares of Helen of Troy by 153.7% during the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock valued at $67,000 after acquiring an additional 349 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position in Helen of Troy by 24.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,112 shares of the company’s stock worth $2,202,000 after purchasing an additional 3,703 shares during the period.

Helen of Troy Stock Up 6.5 %

Shares of NASDAQ HELE opened at $58.98 on Friday. 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 Limited has a 1 year low of $54.82 and a 1 year high of $143.68. The stock’s 50-day simple moving average is $88.48 and its 200-day simple moving average is $104.17. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 1.16 and a beta of 0.84.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Tuesday, July 9th. The company reported $0.99 earnings per share (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 for the quarter, compared to analysts’ expectations of $445.85 million. Helen of Troy’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 earnings per share. As a group, equities analysts anticipate that Helen of Troy Limited will post 6.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on HELE. DA Davidson lowered Helen of Troy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $139.00 to $67.00 in a research report on Wednesday, July 10th. StockNews.com lowered Helen of Troy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. UBS Group decreased their price target on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group dropped their price objective 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 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.