Lombard Odier Asset Management USA Corp Sells 2,605 Shares of Helen of Troy Limited (NASDAQ:HELE)

Lombard Odier Asset Management USA Corp lessened its position in Helen of Troy Limited (NASDAQ:HELE) by 45.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,098 shares of the company’s stock after selling 2,605 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Helen of Troy were worth $287,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Capital Research Global Investors grew its stake in shares of Helen of Troy by 6.9% in the 4th quarter. Capital Research Global Investors now owns 1,761,029 shares of the company’s stock worth $212,750,000 after acquiring an additional 114,215 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Helen of Troy during the 1st quarter worth approximately $239,000. Bessemer Group Inc. boosted its stake in shares of Helen of Troy by 153.7% in the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock worth $67,000 after buying an additional 349 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Helen of Troy by 1.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,271 shares of the company’s stock worth $1,299,000 after buying an additional 198 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Helen of Troy by 42.0% in the 1st quarter. BNP Paribas Financial Markets now owns 14,982 shares of the company’s stock worth $1,727,000 after buying an additional 4,431 shares during the last quarter.

Helen of Troy Price Performance

Helen of Troy stock opened at $59.58 on Tuesday. The business’s 50 day simple moving average is $55.44 and its 200 day simple moving average is $85.07. 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. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.09 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.60). The firm had revenue of $416.80 million during the quarter, compared to the consensus estimate of $445.85 million. Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. Sell-side analysts forecast that Helen of Troy Limited will post 6.33 EPS for the current year.

Helen of Troy announced that its board has initiated a stock repurchase plan on Thursday, September 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 39.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Helen of Troy 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.