Helen of Troy Limited (NASDAQ:HELE) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its position in Helen of Troy Limited (NASDAQ:HELE) by 75.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,219 shares of the company’s stock after selling 63,000 shares during the quarter. First Eagle Investment Management LLC owned about 0.09% of Helen of Troy worth $1,875,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new position in Helen of Troy in the 1st quarter valued at $29,000. CWM LLC grew its stake in shares of Helen of Troy by 374.6% during the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares during the period. nVerses Capital LLC acquired a new position in shares of Helen of Troy during the 2nd quarter worth $28,000. Bessemer Group Inc. grew its stake in shares of Helen of Troy by 153.7% during the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock worth $67,000 after purchasing an additional 349 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Helen of Troy during the 1st quarter worth $201,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. DA Davidson cut shares of Helen of Troy from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $139.00 to $67.00 in a research note on Wednesday, July 10th. UBS Group lowered their price target on shares of Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. StockNews.com cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Canaccord Genuity Group lowered their price target on shares of Helen of Troy from $137.00 to $84.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th.

Helen of Troy Price Performance

Helen of Troy stock opened at $59.67 on Friday. Helen of Troy Limited has a 52 week low of $48.05 and a 52 week high of $127.83. The company has a quick ratio of 0.99, a current ratio of 1.87 and a debt-to-equity ratio of 0.40. The firm’s 50-day simple moving average is $55.47 and its 200 day simple moving average is $85.77. The firm has a market capitalization of $1.36 billion, a PE ratio of 9.35, a P/E/G ratio of 1.09 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Tuesday, July 9th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.60). Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The business had revenue of $416.80 million during the quarter, compared to analysts’ expectations of $445.85 million. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Helen of Troy’s quarterly revenue was down 12.2% on a year-over-year basis. On average, equities research analysts predict that Helen of Troy Limited will post 6.33 EPS for the current fiscal year.

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

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.