BlackRock Inc. Reduces Stock Holdings in Helen of Troy Limited (NASDAQ:HELE)

BlackRock Inc. cut its holdings in Helen of Troy Limited (NASDAQ:HELE – Get Rating) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,546,947 shares of the company’s stock after selling 22,962 shares during the quarter. BlackRock Inc. owned approximately 0.11% of Helen of Troy worth $245,626,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Helen of Troy by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,316,796 shares of the company’s stock valued at $453,721,000 after purchasing an additional 23,721 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Helen of Troy by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,088,020 shares of the company’s stock valued at $104,928,000 after buying an additional 22,980 shares in the last quarter. Capital World Investors grew its holdings in Helen of Troy by 12.8% during the 1st quarter. Capital World Investors now owns 881,000 shares of the company’s stock valued at $172,535,000 after buying an additional 100,000 shares during the last quarter. State Street Corp increased its position in Helen of Troy by 1.9% during the first quarter. State Street Corp now owns 756,999 shares of the company’s stock worth $148,251,000 after buying an additional 14,257 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Helen of Troy by 15.5% in the third quarter. Fisher Asset Management LLC now owns 479,739 shares of the company’s stock worth $46,266,000 after acquiring an additional 64,424 shares during the last quarter. 98.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HELE has been the subject of a number of recent research reports. DA Davidson reiterated a “buy” rating and set a $138.00 price objective on shares of Helen of Troy in a research report on Friday. Canaccord Genuity Group upped their price objective on shares of Helen of Troy from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 3rd. Bank of America raised shares of Helen of Troy from a “neutral” rating to a “buy” rating in a research note on Thursday, December 22nd. Finally, Canaccord Genuity Group began coverage on Helen of Troy in a research note on Wednesday, November 16th. They set a “buy” rating and a $120.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.50.

Helen of Troy Price Performance

Helen of Troy stock opened at $100.63 on Tuesday. Helen of Troy Limited has a 1 year low of $82.94 and a 1 year high of $221.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.12 and a current ratio of 2.15. The firm has a 50 day moving average price of $111.71 and a 200 day moving average price of $105.96. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.64 and a beta of 0.65.

Helen of Troy (NASDAQ:HELE – Get Rating) last announced its quarterly earnings data on Thursday, January 5th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.15. The company had revenue of $558.61 million during the quarter, compared to analysts’ expectations of $522.28 million. Helen of Troy had a net margin of 6.77% and a return on equity of 14.75%. Sell-side analysts predict that Helen of Troy Limited will post 7.77 earnings per share for the current year.

About Helen of Troy

(Get Rating)

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