Stevens Capital Management LP Increases Position in Helen of Troy Limited (NASDAQ:HELE)
Stevens Capital Management LP boosted its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 51.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,907 shares of the company’s stock after acquiring an additional 6,121 shares during the period. Stevens Capital Management LP owned 0.07% of Helen of Troy worth $2,338,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new position in shares of Helen of Troy in the 2nd quarter worth $31,000. Asset Planning Services Ltd. acquired a new stake in Helen of Troy during the 2nd quarter valued at approximately $58,000. AdvisorNet Financial Inc lifted its stake in shares of Helen of Troy by 28.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 974 shares of the company’s stock valued at $127,000 after purchasing an additional 213 shares during the period. Convergence Investment Partners LLC acquired a new position in Helen of Troy during the first quarter worth $191,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Helen of Troy during the second quarter worth $219,000. 98.29% of the stock is owned by institutional investors.
Helen of Troy stock traded up $0.45 during mid-day trading on Thursday, hitting $146.65. The company’s stock had a trading volume of 83 shares, compared to its average volume of 204,978. The stock’s 50 day moving average is $143.56. The firm has a market cap of $3.67 billion, a P/E ratio of 20.20, a PEG ratio of 2.86 and a beta of 0.64. The company has a current ratio of 2.20, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. Helen of Troy Limited has a 52-week low of $108.31 and a 52-week high of $153.80.
In related news, Director Vincent D. Carson sold 13,415 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $146.08, for a total value of $1,959,663.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is currently owned by corporate insiders.
A number of research analysts have commented on the stock. BidaskClub raised shares of Helen of Troy from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. ValuEngine raised Helen of Troy from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Sidoti downgraded Helen of Troy from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. DA Davidson reiterated a “buy” rating on shares of Helen of Troy in a research report on Thursday, April 25th. Finally, Bank of America lifted their price target on Helen of Troy from $160.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Helen of Troy currently has a consensus rating of “Hold” and an average target price of $156.50.
Helen of Troy Profile
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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