Polen Capital Management LLC raised its position in Helen of Troy Limited (NASDAQ:HELE – Get Rating) by 10.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,816 shares of the company’s stock after purchasing an additional 2,711 shares during the quarter. Polen Capital Management LLC owned 0.12% of Helen of Troy worth $2,683,000 as of its most recent SEC filing.
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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HELE. PNC Financial Services Group Inc. raised its position in Helen of Troy by 9.9% in the first quarter. PNC Financial Services Group Inc. now owns 3,615 shares of the company’s stock valued at $707,000 after purchasing an additional 325 shares during the period. Bank of Montreal Can raised its position in Helen of Troy by 2.7% in the first quarter. Bank of Montreal Can now owns 1,886 shares of the company’s stock valued at $386,000 after purchasing an additional 50 shares during the period. Rhumbline Advisers raised its position in Helen of Troy by 0.8% in the first quarter. Rhumbline Advisers now owns 72,926 shares of the company’s stock valued at $14,282,000 after purchasing an additional 581 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Helen of Troy by 10.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,846 shares of the company’s stock valued at $1,732,000 after purchasing an additional 846 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Helen of Troy by 0.6% in the first quarter. BlackRock Inc. now owns 2,591,291 shares of the company’s stock worth $507,478,000 after acquiring an additional 14,931 shares in the last quarter. Hedge funds and other institutional investors own 98.98% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on HELE shares. StockNews.com started coverage on shares of Helen of Troy in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. DA Davidson boosted their price target on shares of Helen of Troy from $126.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 6th. Canaccord Genuity Group boosted their target price on Helen of Troy from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 3rd. Bank of America upgraded Helen of Troy from a “neutral” rating to a “buy” rating in a research note on Thursday, December 22nd. Finally, Canaccord Genuity Group initiated coverage on Helen of Troy in a research note on Wednesday, November 16th. They set a “buy” rating and a $120.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.40.
Helen of Troy Stock Performance
HELE traded up $2.30 during trading on Monday, hitting $109.21. 26,629 shares of the stock were exchanged, compared to its average volume of 507,481. The firm has a market capitalization of $2.62 billion, a P/E ratio of 17.56, a PEG ratio of 1.75 and a beta of 0.64. Helen of Troy Limited has a 1-year low of $82.94 and a 1-year high of $221.71. The stock has a fifty day moving average price of $102.84 and a two-hundred day moving average price of $111.53. The company has a quick ratio of 1.12, a current ratio of 2.15 and a debt-to-equity ratio of 0.73.
Helen of Troy (NASDAQ:HELE – Get Rating) last released its quarterly earnings results on Thursday, January 5th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.29 by $0.15. The company had revenue of $558.61 million for the quarter, compared to analyst estimates of $522.28 million. Helen of Troy had a return on equity of 14.75% and a net margin of 6.77%. As a group, sell-side analysts predict that Helen of Troy Limited will post 7.66 earnings per share for the current year.
Helen of Troy Company Profile
Helen of Troy Ltd. engages in the manufacture and distribution of personal care and household products. It operates through the following segments: Home and Outdoor, Health and Wellness, and Beauty. The Home and Outdoor segment offers food preparation tools, containers, electronics, baby care, and cleaning products.
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