Engineers Gate Manager LP bought a new stake in shares of Helen of Troy Limited (NASDAQ:HELE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,834 shares of the company’s stock, valued at approximately $1,156,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates lifted its position in Helen of Troy by 19.5% during the second quarter. Raymond James & Associates now owns 30,494 shares of the company’s stock valued at $3,002,000 after purchasing an additional 4,969 shares during the period. GAM Holding AG acquired a new position in Helen of Troy during the second quarter valued at $217,000. Oregon Public Employees Retirement Fund acquired a new position in Helen of Troy during the second quarter valued at $1,039,000. United Services Automobile Association lifted its position in Helen of Troy by 16.1% during the second quarter. United Services Automobile Association now owns 58,823 shares of the company’s stock valued at $5,791,000 after purchasing an additional 8,160 shares during the period. Finally, Alps Advisors Inc. acquired a new position in Helen of Troy during the second quarter valued at $728,000. Institutional investors own 96.37% of the company’s stock.
HELE has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Helen of Troy from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Saturday, July 14th. ValuEngine downgraded shares of Helen of Troy from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. BidaskClub cut shares of Helen of Troy from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 8th. Finally, DA Davidson lifted their price objective on shares of Helen of Troy to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $133.67.
Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Tuesday, October 9th. The company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.38. Helen of Troy had a net margin of 7.00% and a return on equity of 19.39%. The company had revenue of $393.50 million during the quarter, compared to analysts’ expectations of $349.19 million. During the same quarter in the previous year, the company earned $1.65 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities analysts anticipate that Helen of Troy Limited will post 7.08 EPS for the current year.
In other news, Director Gary B. Abromovitz sold 640 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $123.00, for a total transaction of $78,720.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary B. Abromovitz sold 500 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $125.25, for a total transaction of $62,625.00. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.
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Helen of Troy Company Profile
Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.
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