Fmr LLC Cuts Stock Position in Helen of Troy Limited (NASDAQ:HELE)

FMR LLC reduced its stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 17.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,880,457 shares of the company's stock after selling 602,088 shares during the quarter. FMR LLC owned about 12.61% of Helen of Troy worth $178,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HELE. Price T Rowe Associates Inc. MD raised its position in Helen of Troy by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,292 shares of the company's stock worth $2,109,000 after buying an additional 848 shares during the last quarter. CWM LLC raised its position in Helen of Troy by 374.6% during the 2nd quarter. CWM LLC now owns 280 shares of the company's stock worth $26,000 after buying an additional 221 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Helen of Troy during the 2nd quarter worth approximately $289,000. Verdence Capital Advisors LLC purchased a new position in Helen of Troy during the 2nd quarter worth approximately $271,000. Finally, Azzad Asset Management Inc. ADV raised its position in Helen of Troy by 54.0% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 31,487 shares of the company's stock worth $2,920,000 after buying an additional 11,038 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group reissued a "buy" rating and set a $84.00 price target on shares of Helen of Troy in a research report on Monday, October 7th. DA Davidson lifted their target price on shares of Helen of Troy from $71.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, November 25th.

Helen of Troy Trading Down 0.2 %

Shares of HELE stock traded down $0.18 on Tuesday, hitting $73.61. 110,359 shares of the stock traded hands, compared to its average volume of 443,228. The firm's 50-day moving average price is $65.91 and its two-hundred day moving average price is $70.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.77. The stock has a market capitalization of $1.68 billion, a PE ratio of 12.26, a PEG ratio of 1.44 and a beta of 0.88. Helen of Troy Limited has a twelve month low of $48.05 and a twelve month high of $127.83.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.16. The firm had revenue of $474.20 million for the quarter, compared to analysts' expectations of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The company's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. As a group, analysts anticipate that Helen of Troy Limited will post 6.37 EPS for the current year.

Helen of Troy announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 39.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Helen of Troy 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.