Xponance Inc. Cuts Stock Position in Helen of Troy Limited (NASDAQ:HELE)

Xponance Inc. lessened its stake in Helen of Troy Limited (NASDAQ:HELE) by 6.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,210 shares of the company’s stock after selling 218 shares during the period. Xponance Inc.’s holdings in Helen of Troy were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cooke & Bieler LP grew its stake in Helen of Troy by 1.9% in the second quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company’s stock valued at $177,464,000 after purchasing an additional 36,095 shares during the last quarter. Capital Research Global Investors boosted its holdings in Helen of Troy by 6.9% in the fourth quarter. Capital Research Global Investors now owns 1,761,029 shares of the company’s stock worth $212,750,000 after acquiring an additional 114,215 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Helen of Troy by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock worth $106,970,000 after acquiring an additional 102,767 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Helen of Troy by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 920,098 shares of the company’s stock worth $106,032,000 after acquiring an additional 13,206 shares in the last quarter. Finally, Earnest Partners LLC boosted its holdings in Helen of Troy by 10.9% in the first quarter. Earnest Partners LLC now owns 648,515 shares of the company’s stock worth $74,735,000 after acquiring an additional 63,595 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have weighed in on HELE. UBS Group lowered their price target on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Canaccord Genuity Group lowered their price target on Helen of Troy from $137.00 to $84.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. StockNews.com downgraded Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, DA Davidson downgraded Helen of Troy from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $139.00 to $67.00 in a report on Wednesday, July 10th.

Helen of Troy Trading Down 0.7 %

Helen of Troy stock opened at $61.44 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.87 and a debt-to-equity ratio of 0.40. Helen of Troy Limited has a 52 week low of $48.05 and a 52 week high of $127.83. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 1.18 and a beta of 0.85. The stock has a 50-day moving average price of $55.61 and a 200 day moving average price of $82.56.

Helen of Troy (NASDAQ:HELE) last released its earnings results on Tuesday, July 9th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.60). Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The firm had revenue of $416.80 million for the quarter, compared to analyst estimates of $445.85 million. During the same period last year, the firm earned $1.58 EPS. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. Sell-side analysts anticipate that Helen of Troy Limited will post 6.33 EPS for the current year.

Helen of Troy declared that its Board of Directors has initiated a share buyback plan on Thursday, September 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 39.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Helen of Troy Profile

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.