Ameriprise Financial Inc. Lowers Stock Position in Helen of Troy Limited (NASDAQ:HELE)

Ameriprise Financial Inc. reduced its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,155 shares of the company’s stock after selling 6,686 shares during the period. Ameriprise Financial Inc. owned 0.49% of Helen of Troy worth $6,650,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Ancora Advisors LLC lifted its position in shares of Helen of Troy by 40.1% during the 4th quarter. Ancora Advisors LLC now owns 52,399 shares of the company’s stock valued at $3,135,000 after buying an additional 14,999 shares in the last quarter. AXA S.A. lifted its holdings in Helen of Troy by 111.8% in the 4th quarter. AXA S.A. now owns 7,352 shares of the company’s stock worth $440,000 after purchasing an additional 3,881 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Helen of Troy in the 4th quarter worth approximately $365,000. Northern Trust Corp lifted its holdings in Helen of Troy by 14.6% in the 4th quarter. Northern Trust Corp now owns 258,835 shares of the company’s stock worth $15,486,000 after purchasing an additional 32,971 shares in the last quarter. Finally, Quarry LP lifted its holdings in Helen of Troy by 917.5% in the 4th quarter. Quarry LP now owns 814 shares of the company’s stock worth $49,000 after purchasing an additional 734 shares in the last quarter.

Analysts Set New Price Targets

HELE has been the topic of a number of research analyst reports. Wall Street Zen cut Helen of Troy from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. UBS Group lowered their price target on Helen of Troy from $68.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Finally, Canaccord Genuity Group lowered their price target on Helen of Troy from $92.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd.

Helen of Troy Stock Up 4.0%

Shares of HELE opened at $28.03 on Friday. The stock has a market capitalization of $643.09 million, a price-to-earnings ratio of 5.65, a price-to-earnings-growth ratio of 1.80 and a beta of 0.91. Helen of Troy Limited has a 1 year low of $24.15 and a 1 year high of $108.64. The business’s 50 day simple moving average is $37.04 and its 200-day simple moving average is $53.66. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.92 and a quick ratio of 1.05.

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

About Helen of Troy

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.