Bank of America Corp DE Reduces Holdings in Helen of Troy Limited (HELE)

Bank of America Corp DE trimmed its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 179,452 shares of the company’s stock after selling 15,243 shares during the period. Bank of America Corp DE owned 0.68% of Helen of Troy worth $17,667,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Janney Capital Management LLC increased its holdings in shares of Helen of Troy by 11.4% in the 2nd quarter. Janney Capital Management LLC now owns 4,549 shares of the company’s stock worth $448,000 after acquiring an additional 466 shares during the period. Summit Global Investments increased its holdings in shares of Helen of Troy by 7.6% in the 2nd quarter. Summit Global Investments now owns 7,100 shares of the company’s stock worth $699,000 after acquiring an additional 500 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of Helen of Troy by 3.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 22,871 shares of the company’s stock worth $2,252,000 after acquiring an additional 750 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of Helen of Troy by 22.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 4,951 shares of the company’s stock worth $487,000 after acquiring an additional 900 shares during the period. Finally, UBS Group AG increased its holdings in shares of Helen of Troy by 3.9% in the 1st quarter. UBS Group AG now owns 24,909 shares of the company’s stock worth $2,167,000 after acquiring an additional 926 shares during the period. 97.00% of the stock is currently owned by institutional investors and hedge funds.

HELE has been the topic of a number of analyst reports. BidaskClub raised shares of Helen of Troy from a “hold” rating to a “buy” rating in a report on Wednesday, June 13th. TheStreet raised shares of Helen of Troy from a “c+” rating to a “b-” rating in a report on Thursday, June 14th. Zacks Investment Research cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Bank of America raised shares of Helen of Troy from a “neutral” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Monday, July 9th. Finally, ValuEngine raised shares of Helen of Troy from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $132.67.

Shares of HELE opened at $125.26 on Monday. The stock has a market capitalization of $3.45 billion, a P/E ratio of 18.56, a P/E/G ratio of 3.01 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.10 and a quick ratio of 1.11. Helen of Troy Limited has a 52-week low of $81.10 and a 52-week high of $134.26.

Helen of Troy (NASDAQ:HELE) last announced its earnings results on Monday, July 9th. The company reported $1.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.54. The firm had revenue of $354.70 million during the quarter, compared to analyst estimates of $333.75 million. Helen of Troy had a net margin of 4.84% and a return on equity of 19.01%. Helen of Troy’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. Equities research analysts expect that Helen of Troy Limited will post 7 EPS for the current fiscal year.

In related news, insider Vincent D. Carson sold 6,531 shares of the stock in a transaction dated Thursday, July 12th. The shares were 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.

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

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