BlackRock Inc. Increases Stake in Helen of Troy Limited (HELE)
BlackRock Inc. lifted its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,029,716 shares of the company’s stock after purchasing an additional 142,827 shares during the quarter. BlackRock Inc. owned about 11.50% of Helen of Troy worth $298,275,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in HELE. GAM Holding AG acquired a new stake in Helen of Troy in the 2nd quarter valued at approximately $217,000. Private Advisor Group LLC acquired a new stake in Helen of Troy in the 2nd quarter valued at approximately $529,000. Argent Capital Management LLC acquired a new stake in Helen of Troy in the 2nd quarter valued at approximately $866,000. GSA Capital Partners LLP increased its position in Helen of Troy by 112.2% in the 2nd quarter. GSA Capital Partners LLP now owns 12,234 shares of the company’s stock valued at $1,204,000 after acquiring an additional 6,468 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in Helen of Troy by 3.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 22,871 shares of the company’s stock valued at $2,252,000 after acquiring an additional 750 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.
Shares of NASDAQ HELE opened at $124.85 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.10 and a quick ratio of 1.11. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.92 and a beta of 0.77. Helen of Troy Limited has a 1 year low of $81.10 and a 1 year high of $128.05.
Several analysts recently commented on HELE shares. Bank of America upgraded Helen of Troy from a “neutral” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Monday, July 9th. BidaskClub lowered Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. DA Davidson increased their price target on Helen of Troy to $145.00 and gave the company a “buy” rating in a research note on Tuesday, September 4th. ValuEngine raised Helen of Troy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research raised Helen of Troy from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Thursday, May 31st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Helen of Troy has a consensus rating of “Buy” and a consensus price target of $132.67.
In other Helen of Troy news, insider Vincent D. Carson sold 6,531 shares of the stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $111.28, for a total transaction of $726,769.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.62% of the company’s stock.
Helen of Troy Company 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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