Keybank National Association OH Increases Position in Helen of Troy Limited (HELE)

Keybank National Association OH increased its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 225.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,931 shares of the company’s stock after acquiring an additional 5,495 shares during the quarter. Keybank National Association OH’s holdings in Helen of Troy were worth $1,038,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HELE. IMA Wealth Inc. acquired a new stake in Helen of Troy during the second quarter worth $118,000. Bank of Montreal Can acquired a new stake in Helen of Troy during the second quarter worth $122,000. Fortis Advisors LLC acquired a new stake in Helen of Troy during the second quarter worth $128,000. Hartford Investment Management Co. acquired a new stake in Helen of Troy during the third quarter worth $216,000. Finally, Moneta Group Investment Advisors LLC acquired a new stake in Helen of Troy during the second quarter worth $162,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Gary B. Abromovitz sold 640 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $123.00, for a total value of $78,720.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary B. Abromovitz sold 500 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $125.25, for a total value of $62,625.00. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Helen of Troy stock opened at $140.31 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.14 and a quick ratio of 1.18. Helen of Troy Limited has a 12-month low of $81.10 and a 12-month high of $140.98. The stock has a market capitalization of $3.70 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 3.23 and a beta of 0.75.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Tuesday, October 9th. The company reported $1.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.38. Helen of Troy had a return on equity of 19.39% and a net margin of 7.00%. The business had revenue of $393.50 million during the quarter, compared to analysts’ expectations of $349.19 million. During the same period in the previous year, the business posted $1.65 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, sell-side analysts predict that Helen of Troy Limited will post 7.08 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Bank of America set a $151.00 price target on shares of Helen of Troy and gave the stock a “buy” rating in a research note on Monday, November 19th. BidaskClub upgraded shares of Helen of Troy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 13th. DA Davidson restated a “buy” rating and issued a $148.00 target price on shares of Helen of Troy in a research note on Wednesday, October 10th. Zacks Investment Research downgraded shares of Helen of Troy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Finally, ValuEngine upgraded shares of Helen of Troy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. One equities research analyst has 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 an average rating of “Buy” and a consensus target price of $141.67.

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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.

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

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