BlackRock Inc. decreased its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,760,958 shares of the company’s stock after selling 44,186 shares during the period. BlackRock Inc. owned approximately 10.14% of Helen of Troy Limited worth $259,806,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in shares of Helen of Troy Limited by 3.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 96,055 shares of the company’s stock valued at $9,038,000 after purchasing an additional 3,242 shares in the last quarter. Oarsman Capital Inc. boosted its stake in shares of Helen of Troy Limited by 3.3% during the 2nd quarter. Oarsman Capital Inc. now owns 17,870 shares of the company’s stock valued at $1,682,000 after purchasing an additional 565 shares in the last quarter. Summit Global Investments boosted its stake in shares of Helen of Troy Limited by 36.8% during the 2nd quarter. Summit Global Investments now owns 5,200 shares of the company’s stock valued at $489,000 after purchasing an additional 1,400 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Helen of Troy Limited by 85.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the company’s stock valued at $157,000 after purchasing an additional 765 shares in the last quarter. Finally, NorthCoast Asset Management LLC boosted its stake in shares of Helen of Troy Limited by 5.4% during the 2nd quarter. NorthCoast Asset Management LLC now owns 15,224 shares of the company’s stock valued at $1,433,000 after purchasing an additional 775 shares in the last quarter. 89.89% of the stock is currently owned by hedge funds and other institutional investors.

HELE has been the topic of a number of research reports. BidaskClub lowered shares of Helen of Troy Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Bank of America Corporation initiated coverage on shares of Helen of Troy Limited in a research note on Tuesday, August 29th. They set an “underperform” rating and a $87.00 target price on the stock. Finally, CL King initiated coverage on shares of Helen of Troy Limited in a research note on Tuesday, September 12th. They set a “buy” rating and a $104.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Helen of Troy Limited currently has an average rating of “Hold” and a consensus price target of $99.40.

Shares of Helen of Troy Limited (HELE) opened at 98.70 on Thursday. The company’s 50-day moving average is $95.31 and its 200 day moving average is $94.65. Helen of Troy Limited has a 1-year low of $77.50 and a 1-year high of $102.88. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 21.43 and a beta of 0.99.

Helen of Troy Limited (NASDAQ:HELE) last issued its earnings results on Monday, July 10th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08. Helen of Troy Limited had a net margin of 8.23% and a return on equity of 17.70%. The company had revenue of $359.61 million for the quarter, compared to analysts’ expectations of $358.40 million. During the same period in the prior year, the business earned $1.27 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that Helen of Troy Limited will post $6.71 EPS for the current year.

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

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