D.A. Davidson & CO. Purchases New Position in Helen of Troy Limited (HELE)
D.A. Davidson & CO. purchased a new position in shares of Helen of Troy Limited (NASDAQ:HELE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,434 shares of the company’s stock, valued at approximately $319,000.
Several other hedge funds have also recently bought and sold shares of HELE. Principal Financial Group Inc. increased its stake in Helen of Troy by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 117,041 shares of the company’s stock worth $10,182,000 after buying an additional 1,208 shares during the period. Bank of Montreal Can purchased a new stake in Helen of Troy during the 2nd quarter worth $122,000. Cornerstone Wealth Management LLC purchased a new stake in Helen of Troy during the 2nd quarter worth $143,000. TD Asset Management Inc. purchased a new stake in Helen of Troy during the 2nd quarter worth $620,000. Finally, Smith Asset Management Group LP increased its stake in Helen of Troy by 6,280.4% during the 2nd quarter. Smith Asset Management Group LP now owns 22,140 shares of the company’s stock worth $2,180,000 after buying an additional 21,793 shares during the period. Institutional investors own 94.18% of the company’s stock.
In other news, Director Gary B. Abromovitz sold 500 shares of Helen of Troy stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $125.25, for a total value of $62,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary B. Abromovitz sold 640 shares of Helen of Troy stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $123.00, for a total transaction of $78,720.00. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.
Helen of Troy (NASDAQ:HELE) last released its earnings results on Tuesday, October 9th. The company reported $1.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.38. The company had revenue of $393.50 million during the quarter, compared to the consensus estimate of $349.19 million. Helen of Troy had a net margin of 7.00% and a return on equity of 19.39%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.65 EPS. On average, equities analysts expect that Helen of Troy Limited will post 7.08 EPS for the current year.
Several equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of Helen of Troy from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. DA Davidson boosted their target price on shares of Helen of Troy to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. ValuEngine raised shares of Helen of Troy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research downgraded shares of Helen of Troy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Helen of Troy has an average rating of “Buy” and an average 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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