Bank of America Corp DE Raises Position in Helen of Troy Limited (NASDAQ:HELE)

Bank of America Corp DE raised its stake in Helen of Troy Limited (NASDAQ:HELE) by 80.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 364,180 shares of the company’s stock after purchasing an additional 162,460 shares during the quarter. Bank of America Corp DE owned 1.59% of Helen of Troy worth $21,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Earnest Partners LLC increased its position in shares of Helen of Troy by 18.6% during the fourth quarter. Earnest Partners LLC now owns 757,339 shares of the company’s stock valued at $45,312,000 after acquiring an additional 118,982 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Helen of Troy by 21.4% during the fourth quarter. Pzena Investment Management LLC now owns 705,711 shares of the company’s stock valued at $42,223,000 after acquiring an additional 124,269 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new stake in shares of Helen of Troy during the fourth quarter valued at approximately $41,248,000. Arrowstreet Capital Limited Partnership increased its position in shares of Helen of Troy by 446.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company’s stock valued at $38,695,000 after acquiring an additional 528,305 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Helen of Troy by 17.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 482,154 shares of the company’s stock valued at $28,847,000 after acquiring an additional 72,076 shares during the last quarter.

Helen of Troy Price Performance

Shares of NASDAQ HELE opened at $30.68 on Tuesday. The stock has a fifty day simple moving average of $38.45 and a two-hundred day simple moving average of $54.27. Helen of Troy Limited has a 1-year low of $24.15 and a 1-year high of $108.89. The firm has a market cap of $703.89 million, a price-to-earnings ratio of 6.19, a price-to-earnings-growth ratio of 1.80 and a beta of 0.91. The company has a current ratio of 1.92, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.35 by ($0.02). Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. The firm had revenue of $485.89 million for the quarter, compared to the consensus estimate of $481.55 million. During the same period last year, the company posted $2.45 earnings per share. Helen of Troy’s revenue for the quarter was down .7% on a year-over-year basis. Analysts anticipate that Helen of Troy Limited will post 6.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HELE shares. UBS Group decreased their price target on Helen of Troy from $68.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. StockNews.com downgraded Helen of Troy from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Finally, Canaccord Genuity Group reduced their price objective on Helen of Troy from $92.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd.

Helen of Troy Company 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.