Dynamic Technology Lab Private Ltd Sells 3,771 Shares of Helen of Troy Limited (HELE)
Dynamic Technology Lab Private Ltd trimmed its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 64.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,075 shares of the company’s stock after selling 3,771 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Helen of Troy were worth $204,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. IMA Wealth Inc. acquired a new stake in shares of Helen of Troy during the second quarter valued at about $118,000. Bank of Montreal Can acquired a new stake in shares of Helen of Troy during the second quarter valued at about $122,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Helen of Troy during the second quarter valued at about $163,000. GAM Holding AG acquired a new stake in shares of Helen of Troy during the second quarter valued at about $217,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Helen of Troy during the second quarter valued at about $236,000. 97.00% of the stock is currently owned by hedge funds and other institutional investors.
In other Helen of Troy news, insider Vincent D. Carson sold 6,531 shares of the business’s stock in a transaction that occurred on Thursday, July 12th. The stock was sold at an average price of $111.28, for a total value of $726,769.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by insiders.
Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Monday, July 9th. The company reported $1.87 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.54. The company had revenue of $354.70 million for the quarter, compared to analyst estimates of $333.75 million. Helen of Troy had a return on equity of 19.01% and a net margin of 4.84%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share. equities analysts predict that Helen of Troy Limited will post 7 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the company. Zacks Investment Research lowered Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. DA Davidson lifted their price objective on Helen of Troy to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, June 6th. BidaskClub raised Helen of Troy from a “hold” rating to a “buy” rating in a research note on Wednesday, June 13th. TheStreet raised Helen of Troy from a “c+” rating to a “b-” rating in a research note on Thursday, June 14th. Finally, ValuEngine raised Helen of Troy from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $132.67.
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.
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