Rainier Investment Management LLC Has $10,505,000 Position in Helen of Troy Ltd. (HELE)
Rainier Investment Management LLC increased its position in Helen of Troy Ltd. (NASDAQ:HELE) by 29.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,150 shares of the company’s stock after buying an additional 23,380 shares during the period. Rainier Investment Management LLC owned about 0.37% of Helen of Troy worth $10,505,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Pacad Investment Ltd. bought a new stake in shares of Helen of Troy during the second quarter worth approximately $113,000. LS Investment Advisors LLC raised its stake in shares of Helen of Troy by 63.8% in the second quarter. LS Investment Advisors LLC now owns 1,694 shares of the company’s stock worth $174,000 after buying an additional 660 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Helen of Troy during the second quarter worth approximately $188,000. Pacer Advisors Inc. bought a new stake in shares of Helen of Troy during the second quarter worth approximately $195,000. Finally, Genesee Valley Trust Co. bought a new stake in shares of Helen of Troy during the second quarter worth approximately $214,000. Hedge funds and other institutional investors own 94.89% of the company’s stock.
Shares of Helen of Troy Ltd. (NASDAQ:HELE) traded up 4.56% during mid-day trading on Friday, reaching $85.95. 315,678 shares of the company traded hands. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 23.45 and a beta of 0.96. Helen of Troy Ltd. has a 52 week low of $77.50 and a 52 week high of $106.50. The firm has a 50-day moving average price of $82.78 and a 200 day moving average price of $93.46.
Helen of Troy (NASDAQ:HELE) last posted its earnings results on Thursday, October 6th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.17. Helen of Troy had a return on equity of 18.63% and a net margin of 6.70%. The business earned $368.17 million during the quarter. During the same quarter last year, the business posted $1.12 EPS. Helen of Troy’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts anticipate that Helen of Troy Ltd. will post $6.05 earnings per share for the current year.
A number of analysts have recently commented on HELE shares. Jefferies Group reduced their price target on shares of Helen of Troy to $105.00 in a research note on Friday, October 7th. Sidoti upgraded shares of Helen of Troy from a “neutral” rating to a “buy” rating and set a $112.00 price target for the company in a research note on Friday, August 19th. Zacks Investment Research upgraded shares of Helen of Troy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 1st. Finally, KeyCorp reiterated a “hold” rating on shares of Helen of Troy in a research note on Thursday, October 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Helen of Troy has a consensus rating of “Hold” and a consensus price target of $107.50.
Helen of Troy Company Profile
Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has four segments. The Housewares segment provides a range of consumer products for the home.
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