Bank of New York Mellon Corp boosted its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 307,094 shares of the company’s stock after acquiring an additional 1,198 shares during the quarter. Bank of New York Mellon Corp owned 1.13% of Helen of Troy Limited worth $28,898,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC raised its position in Helen of Troy Limited by 115.7% during the second quarter. SG Americas Securities LLC now owns 9,639 shares of the company’s stock valued at $907,000 after acquiring an additional 5,171 shares in the last quarter. Olstein Capital Management L.P. purchased a new stake in shares of Helen of Troy Limited in the second quarter valued at approximately $1,530,000. LMR Partners LLP purchased a new stake in shares of Helen of Troy Limited in the second quarter valued at approximately $351,000. First Trust Advisors LP purchased a new stake in shares of Helen of Troy Limited in the second quarter valued at approximately $1,774,000. Finally, Arizona State Retirement System increased its position in shares of Helen of Troy Limited by 1.8% in the second quarter. Arizona State Retirement System now owns 11,400 shares of the company’s stock valued at $1,073,000 after buying an additional 200 shares in the last quarter. Institutional investors own 90.10% of the company’s stock.
Shares of Helen of Troy Limited (NASDAQ:HELE) opened at 93.65 on Tuesday. The stock has a market capitalization of $2.55 billion, a PE ratio of 20.33 and a beta of 0.97. Helen of Troy Limited has a 52-week low of $77.50 and a 52-week high of $102.88. The stock has a 50 day moving average price of $97.55 and a 200-day moving average price of $94.73.
Helen of Troy Limited (NASDAQ:HELE) last posted its quarterly earnings results on Monday, July 10th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The business had revenue of $359.61 million during the quarter, compared to analysts’ expectations of $358.40 million. Helen of Troy Limited had a return on equity of 17.70% and a net margin of 8.23%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS. On average, equities research analysts anticipate that Helen of Troy Limited will post $6.70 EPS for the current fiscal year.
Helen of Troy Limited announced that its board has approved a stock repurchase plan on Monday, May 15th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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A number of analysts have recently commented on HELE shares. BidaskClub cut Helen of Troy Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded Helen of Troy Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Bank of America Corporation started coverage on Helen of Troy Limited in a research report on Tuesday, August 29th. They issued an “underperform” rating and a $87.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Helen of Troy Limited has a consensus rating of “Hold” and an average target price of $99.60.
About Helen of Troy Limited
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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