American International Group Inc. raised its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,773 shares of the company’s stock after buying an additional 129 shares during the quarter. American International Group Inc.’s holdings in Helen of Troy were worth $9,284,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HELE. Geode Capital Management LLC boosted its stake in Helen of Troy by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 366,870 shares of the company’s stock worth $48,126,000 after buying an additional 17,455 shares during the period. Fort L.P. purchased a new position in Helen of Troy during the fourth quarter worth about $508,000. California State Teachers Retirement System boosted its stake in Helen of Troy by 2.3% during the fourth quarter. California State Teachers Retirement System now owns 41,456 shares of the company’s stock worth $5,438,000 after buying an additional 935 shares during the period. Stifel Financial Corp boosted its stake in Helen of Troy by 1,906.8% during the fourth quarter. Stifel Financial Corp now owns 115,532 shares of the company’s stock worth $15,166,000 after buying an additional 109,775 shares during the period. Finally, Gideon Capital Advisors Inc. purchased a new position in Helen of Troy during the fourth quarter worth about $372,000. 93.17% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. BidaskClub raised shares of Helen of Troy from a “strong sell” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research lowered shares of Helen of Troy from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Bank of America set a $151.00 target price on shares of Helen of Troy and gave the stock a “buy” rating in a research note on Monday, November 19th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Helen of Troy presently has a consensus rating of “Hold” and an average target price of $141.67.

Shares of HELE stock opened at $115.32 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.01 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 2.60 and a beta of 0.58. Helen of Troy Limited has a 1-year low of $81.10 and a 1-year high of $145.46.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Tuesday, January 8th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.24. The business had revenue of $431.10 million for the quarter, compared to analysts’ expectations of $425.76 million. Helen of Troy had a net margin of 12.19% and a return on equity of 18.45%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.52 earnings per share. Equities research analysts anticipate that Helen of Troy Limited will post 7.03 earnings per share for the current fiscal year.

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About Helen of Troy

Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.

Further Reading: How are institutional investors different from individual investors?

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

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