Helen of Troy Limited (NASDAQ:HELE) Shares Purchased by Earnest Partners LLC

Earnest Partners LLC raised its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 648,515 shares of the company’s stock after acquiring an additional 63,595 shares during the period. Earnest Partners LLC owned approximately 2.72% of Helen of Troy worth $74,735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in Helen of Troy by 6.9% during the fourth quarter. Capital Research Global Investors now owns 1,761,029 shares of the company’s stock worth $212,750,000 after buying an additional 114,215 shares during the period. Entropy Technologies LP acquired a new stake in shares of Helen of Troy in the first quarter valued at about $239,000. Oppenheimer Asset Management Inc. grew its stake in shares of Helen of Troy by 1.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,271 shares of the company’s stock valued at $1,299,000 after buying an additional 198 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Helen of Troy by 42.0% during the 1st quarter. BNP Paribas Financial Markets now owns 14,982 shares of the company’s stock valued at $1,727,000 after buying an additional 4,431 shares during the period. Finally, M&T Bank Corp lifted its position in Helen of Troy by 14.8% during the 4th quarter. M&T Bank Corp now owns 18,378 shares of the company’s stock worth $2,220,000 after acquiring an additional 2,370 shares in the last quarter.

Helen of Troy Stock Up 2.8 %

Shares of HELE traded up $1.64 during trading on Monday, reaching $60.62. The company’s stock had a trading volume of 635,079 shares, compared to its average volume of 354,609. Helen of Troy Limited has a twelve month low of $54.82 and a twelve month high of $142.97. The company has a quick ratio of 0.99, a current ratio of 1.87 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 1.16 and a beta of 0.84. The company has a fifty day moving average of $87.57 and a two-hundred day moving average of $103.58.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.60). The company had revenue of $416.80 million during the quarter, compared to analyst estimates of $445.85 million. Helen of Troy had a net margin of 7.82% and a return on equity of 10.25%. The company’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 earnings per share. On average, sell-side analysts predict that Helen of Troy Limited will post 6.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. DA Davidson lowered shares of Helen of Troy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $139.00 to $67.00 in a research note on Wednesday, July 10th. Canaccord Genuity Group dropped their price target on shares of Helen of Troy from $137.00 to $84.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. StockNews.com cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, UBS Group lowered their target price on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th.

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.