Thrivent Financial for Lutherans Trims Stock Holdings in Helen of Troy Limited (NASDAQ:HELE)

Thrivent Financial for Lutherans cut its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,753 shares of the company’s stock after selling 198 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Helen of Troy were worth $534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HELE. CWM LLC raised its holdings in Helen of Troy by 374.6% in the second quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 221 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Helen of Troy in the 2nd quarter valued at about $28,000. YHB Investment Advisors Inc. bought a new position in shares of Helen of Troy during the first quarter worth about $29,000. Bessemer Group Inc. grew its stake in Helen of Troy by 153.7% in the first quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock worth $67,000 after purchasing an additional 349 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Helen of Troy in the first quarter valued at about $201,000.

Helen of Troy Trading Up 0.8 %

Shares of NASDAQ HELE opened at $62.37 on Wednesday. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 1.18 and a beta of 0.86. The stock’s 50 day simple moving average is $55.95 and its 200 day simple moving average is $80.71. The company has a current ratio of 1.87, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. Helen of Troy Limited has a 12-month low of $48.05 and a 12-month high of $127.83.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.60). Helen of Troy had a net margin of 7.82% and a return on equity of 10.25%. 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 posted $1.58 EPS. The business’s revenue was down 12.2% compared to the same quarter last year. Equities research analysts expect that Helen of Troy Limited will post 6.33 EPS for the current year.

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

Wall Street Analyst Weigh In

A number of research firms have commented on HELE. DA Davidson downgraded Helen of Troy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $139.00 to $67.00 in a report on Wednesday, July 10th. UBS Group decreased their price objective on shares of 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 reissued a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a report on Monday. Finally, StockNews.com lowered shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th.

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.