Posted by admin on Jul 26th, 2022

Mutual of America Capital Management LLC increased its position in Helen of Troy Limited (NASDAQ:HELE – Get Rating) by 2.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 22,011 shares of the company’s stock after acquiring an additional 434 shares during the period. Mutual of America Capital Management LLC’s holdings in Helen of Troy were worth $4,311,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Capital International Investors lifted its holdings in shares of Helen of Troy by 37.8% in the fourth quarter. Capital International Investors now owns 1,416,328 shares of the company’s stock valued at $346,250,000 after buying an additional 388,569 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Helen of Troy by 7.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,378,747 shares of the company’s stock valued at $337,063,000 after buying an additional 95,539 shares during the period. Cooke & Bieler LP lifted its holdings in shares of Helen of Troy by 0.6% in the fourth quarter. Cooke & Bieler LP now owns 1,358,991 shares of the company’s stock valued at $332,233,000 after buying an additional 7,980 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Helen of Troy in the fourth quarter valued at $263,020,000. Finally, Capital World Investors lifted its holdings in shares of Helen of Troy by 8.5% in the fourth quarter. Capital World Investors now owns 781,000 shares of the company’s stock valued at $190,931,000 after buying an additional 61,000 shares during the period.

HELE has been the subject of several analyst reports. StockNews.com downgraded Helen of Troy from a “hold” rating to a “sell” rating in a report on Saturday, July 16th. DA Davidson reduced their target price on Helen of Troy from $244.00 to $175.00 and set a “neutral” rating for the company in a report on Friday, July 8th. CL King reduced their target price on Helen of Troy from $282.00 to $206.00 in a report on Tuesday, June 28th. TheStreet lowered Helen of Troy from a “b-” rating to a “c+” rating in a research report on Thursday, June 16th. Finally, Raymond James began coverage on Helen of Troy in a research report on Tuesday, July 12th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Helen of Troy currently has an average rating of “Hold” and an average price target of $214.67.

In other Helen of Troy news, Director Gary B. Abromovitz sold 1,038 shares of Helen of Troy stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $209.00, for a total transaction of $216,942.00. Following the completion of the transaction, the director now directly owns 6,047 shares of the company’s stock, valued at $1,263,823. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Shares of HELE stock opened at $136.40 on Tuesday. The firm has a market cap of $3.27 billion, a P/E ratio of 17.33, a PEG ratio of 2.06 and a beta of 0.76. The stock’s 50-day moving average is $161.82 and its two-hundred day moving average is $191.35. Helen of Troy Limited has a fifty-two week low of $123.57 and a fifty-two week high of $256.26. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 0.93.

Helen of Troy (NASDAQ:HELE – Get Rating) last announced its earnings results on Thursday, July 7th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.16. Helen of Troy had a return on equity of 18.08% and a net margin of 8.74%. The firm had revenue of $508.10 million during the quarter, compared to the consensus estimate of $474.17 million. During the same quarter in the prior year, the company earned $2.95 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. Analysts predict that Helen of Troy Limited will post 8.36 earnings per share for the current fiscal year.

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 through three segments: Home & Outdoor, Health & Wellness, and Beauty. The Home & Outdoor segment offers food preparation tools and gadgets, storage containers, and organization products; coffee makers, grinders, manual pour overs, and tea kettles; household cleaning products, shower organization, and bathroom accessories; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; insulated water bottles, hydration packs, drinkware, mugs, food containers, lunch containers, insulated totes, soft coolers, and accessories; and technical and outdoor sports packs, travel packs, luggage, daypacks, and everyday packs.

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