Nuveen Asset Management LLC cut its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 22.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 9,361 shares of the company’s stock after selling 2,721 shares during the period. Nuveen Asset Management LLC’s holdings in Helen of Troy Limited were worth $882,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of HELE. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Helen of Troy Limited by 41.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,389 shares of the company’s stock valued at $118,000 after buying an additional 406 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Helen of Troy Limited by 18.1% in the first quarter. Victory Capital Management Inc. now owns 1,671 shares of the company’s stock valued at $157,000 after buying an additional 256 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Helen of Troy Limited during the fourth quarter valued at about $178,000. Wealthsource Partners LLC purchased a new position in shares of Helen of Troy Limited during the first quarter valued at about $200,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Helen of Troy Limited during the first quarter valued at about $209,000. Institutional investors own 89.27% of the company’s stock.
Helen of Troy Limited (NASDAQ:HELE) traded down 0.05% during trading on Friday, hitting $99.80. The company had a trading volume of 145,135 shares. Helen of Troy Limited has a 12 month low of $77.50 and a 12 month high of $102.88. The company has a market cap of $2.72 billion, a PE ratio of 21.67 and a beta of 0.95. The company’s 50 day moving average price is $97.53 and its 200-day moving average price is $94.93.
Helen of Troy Limited (NASDAQ:HELE) last released its quarterly earnings data on Monday, July 10th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $359.61 million for the quarter, compared to analyst estimates of $358.40 million. Helen of Troy Limited had a net margin of 8.23% and a return on equity of 17.70%. Helen of Troy Limited’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 earnings per share. Equities analysts expect that Helen of Troy Limited will post $6.73 earnings per share for the current year.
Helen of Troy Limited announced that its board has authorized a stock repurchase program on Monday, May 15th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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Several equities analysts have issued reports on HELE shares. Sidoti reaffirmed a “buy” rating and set a $108.00 price objective (down previously from $112.00) on shares of Helen of Troy Limited in a report on Saturday, April 29th. BidaskClub raised Helen of Troy Limited from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised Helen of Troy Limited from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $102.75.
Helen of Troy Limited Company Profile
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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