Raymond James Financial Inc. Acquires New Stake in Helen of Troy Limited (NASDAQ:HELE)

Raymond James Financial Inc. acquired a new position in shares of Helen of Troy Limited (NASDAQ:HELE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 56,270 shares of the company’s stock, valued at approximately $3,367,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in Helen of Troy by 211.4% during the third quarter. Thrivent Financial for Lutherans now owns 17,915 shares of the company’s stock worth $1,108,000 after purchasing an additional 12,162 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Helen of Troy by 88.6% in the 3rd quarter. Intech Investment Management LLC now owns 10,099 shares of the company’s stock valued at $625,000 after purchasing an additional 4,743 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Helen of Troy by 14.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 410,078 shares of the company’s stock worth $25,363,000 after acquiring an additional 53,016 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Helen of Troy by 176.2% in the 3rd quarter. Quantbot Technologies LP now owns 9,162 shares of the company’s stock worth $567,000 after buying an additional 5,845 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Helen of Troy by 49.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,405 shares of the company’s stock worth $458,000 after buying an additional 2,453 shares during the last quarter.

Analyst Upgrades and Downgrades

HELE has been the topic of several research analyst reports. UBS Group lowered their target price on shares of Helen of Troy from $79.00 to $69.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. StockNews.com raised Helen of Troy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

Helen of Troy Stock Up 5.1 %

Shares of HELE opened at $54.06 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $57.37 and a two-hundred day moving average price of $61.97. Helen of Troy Limited has a 12 month low of $48.05 and a 12 month high of $116.13. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.80 and a beta of 0.90.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Wednesday, January 8th. The company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.07. The business had revenue of $530.70 million during the quarter, compared to analyst estimates of $532.91 million. Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. Helen of Troy’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.79 earnings per share. Equities analysts predict that Helen of Troy Limited will post 6.46 EPS for the current fiscal year.

Helen of Troy Company 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.