Wedge Capital Management L L P NC Trims Stock Position in Helen of Troy Limited (NASDAQ:HELE)

Wedge Capital Management L L P NC lessened its position in shares of Helen of Troy Limited (NASDAQ:HELEGet Rating) by 14.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,756 shares of the company’s stock after selling 11,814 shares during the quarter. Wedge Capital Management L L P NC owned about 0.29% of Helen of Troy worth $11,329,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital International Investors increased its holdings in Helen of Troy by 37.8% in the 4th quarter. Capital International Investors now owns 1,416,328 shares of the company’s stock valued at $346,250,000 after purchasing an additional 388,569 shares during the last quarter. Cooke & Bieler LP increased its holdings in Helen of Troy by 7.7% in the 1st quarter. Cooke & Bieler LP now owns 1,463,173 shares of the company’s stock valued at $286,548,000 after purchasing an additional 104,182 shares during the last quarter. Capital World Investors increased its holdings in Helen of Troy by 12.8% in the 1st quarter. Capital World Investors now owns 881,000 shares of the company’s stock valued at $172,535,000 after purchasing an additional 100,000 shares during the last quarter. Cardinal Capital Management LLC CT increased its holdings in Helen of Troy by 64.8% in the 1st quarter. Cardinal Capital Management LLC CT now owns 181,640 shares of the company’s stock valued at $35,572,000 after purchasing an additional 71,453 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Helen of Troy by 3.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,423,441 shares of the company’s stock valued at $278,767,000 after purchasing an additional 44,694 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on HELE. StockNews.com downgraded shares of Helen of Troy from a “hold” rating to a “sell” rating in a research note on Saturday, July 16th. CL King lowered their target price on shares of Helen of Troy from $282.00 to $206.00 in a research note on Tuesday, June 28th. TheStreet downgraded shares of Helen of Troy from a “b-” rating to a “c+” rating in a research note on Thursday, June 16th. Raymond James initiated coverage on shares of Helen of Troy in a research note on Tuesday, July 12th. They set a “market perform” rating for the company. Finally, DA Davidson lowered their target price on shares of Helen of Troy from $244.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, July 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $214.67.

Helen of Troy Price Performance

Shares of HELE opened at $112.90 on Tuesday. Helen of Troy Limited has a 1-year low of $109.32 and a 1-year high of $256.26. The stock has a market cap of $2.71 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.70 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 0.93. The firm has a fifty day moving average price of $129.08 and a 200 day moving average price of $168.11.

Helen of Troy (NASDAQ:HELEGet Rating) last announced its quarterly earnings results on Thursday, July 7th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.16. Helen of Troy had a net margin of 8.74% and a return on equity of 18.08%. The firm had revenue of $508.10 million during the quarter, compared to analysts’ expectations of $474.17 million. During the same period in the previous year, the company earned $2.95 earnings per share. Helen of Troy’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Helen of Troy Limited will post 8.26 EPS for the current year.

About Helen of Troy

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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.

See Also

Institutional Ownership by Quarter for Helen of Troy (NASDAQ:HELE)

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