First Eagle Investment Management LLC Trims Holdings in Helen of Troy Limited (NASDAQ:HELE)

First Eagle Investment Management LLC trimmed its position in Helen of Troy Limited (NASDAQ:HELE) by 75.7% during the second quarter, Holdings Channel.com reports. The firm owned 20,219 shares of the company’s stock after selling 63,000 shares during the period. First Eagle Investment Management LLC’s holdings in Helen of Troy were worth $1,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cooke & Bieler LP lifted its holdings in shares of Helen of Troy by 1.9% during the 2nd quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company’s stock worth $177,464,000 after acquiring an additional 36,095 shares during the period. Capital Research Global Investors lifted its holdings in shares of Helen of Troy by 6.9% during 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 during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Helen of Troy by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock worth $106,970,000 after acquiring an additional 102,767 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Helen of Troy by 1.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 920,098 shares of the company’s stock worth $106,032,000 after acquiring an additional 13,206 shares during the period. Finally, Earnest Partners LLC lifted its holdings in shares of Helen of Troy by 10.9% during the 1st quarter. Earnest Partners LLC now owns 648,515 shares of the company’s stock worth $74,735,000 after acquiring an additional 63,595 shares during the period.

Helen of Troy Stock Down 0.1 %

HELE opened at $59.67 on Friday. The firm has a 50 day moving average price of $55.47 and a 200 day moving average price of $85.77. The company has a market cap of $1.36 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.85. Helen of Troy Limited has a 1 year low of $48.05 and a 1 year high of $127.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.87.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $445.85 million. During the same period last year, the business earned $1.58 EPS. The firm’s revenue was down 12.2% compared to the same quarter last year. Sell-side analysts expect that Helen of Troy Limited will post 6.33 earnings per share for the current year.

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

Analysts Set New Price Targets

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