LPL Financial LLC Decreases Holdings in Helen of Troy Limited (NASDAQ:HELE)

LPL Financial LLC cut its holdings in shares of Helen of Troy Limited (NASDAQ:HELE – Get Rating) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,250 shares of the company’s stock after selling 1,930 shares during the quarter. LPL Financial LLC owned 0.09% of Helen of Troy worth $2,468,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in shares of Helen of Troy by 61.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 8,470 shares of the company’s stock worth $939,000 after buying an additional 3,222 shares during the period. Brinker Capital Investments LLC increased its position in Helen of Troy by 174.3% during the 4th quarter. Brinker Capital Investments LLC now owns 6,337 shares of the company’s stock valued at $703,000 after purchasing an additional 4,027 shares during the period. Retirement Systems of Alabama increased its position in Helen of Troy by 0.8% during the 4th quarter. Retirement Systems of Alabama now owns 31,621 shares of the company’s stock valued at $3,507,000 after purchasing an additional 242 shares during the period. Pacer Advisors Inc. purchased a new position in Helen of Troy during the 4th quarter valued at $510,000. Finally, GW Henssler & Associates Ltd. purchased a new position in Helen of Troy during the 4th quarter valued at $200,000. 98.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HELE. UBS Group began coverage on shares of Helen of Troy in a report on Monday, April 17th. They set a “neutral” rating and a $99.00 target price on the stock. DA Davidson restated a “buy” rating and set a $138.00 target price on shares of Helen of Troy in a report on Friday, March 10th. Finally, StockNews.com upgraded shares of Helen of Troy from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $138.60.

Insider Activity

In other Helen of Troy news, CFO Brian Grass purchased 5,000 shares of Helen of Troy stock in a transaction dated Thursday, May 11th. The stock was purchased at an average price of $96.13 per share, with a total value of $480,650.00. Following the transaction, the chief financial officer now directly owns 35,835 shares of the company’s stock, valued at $3,444,818.55. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.88% of the company’s stock.

Helen of Troy Price Performance

HELE opened at $97.15 on Monday. Helen of Troy Limited has a 52-week low of $81.14 and a 52-week high of $189.13. The stock has a market capitalization of $2.34 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.72 and a beta of 0.62. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.16. The company’s 50-day simple moving average is $92.54 and its two-hundred day simple moving average is $100.91.

Helen of Troy Company Profile

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Helen of Troy Ltd. engages in the manufacture and distribution of personal care and household products. It operates through the Home and Outdoor, and Beauty and Wellness segments. The Home and Outdoor segment offers food preparation tools, containers, electronics, baby care, and cleaning products. The Beauty and Wellness segment develops and provides products including mass and prestige market beauty appliances, prestige market liquid-based hair and personal care products, and wellness devices including thermometers, water and air filtration systems, humidifiers, and fans.