Commerce Bank Has $326,000 Position in Helen of Troy Limited (HELE)
Commerce Bank maintained its position in shares of Helen of Troy Limited (NASDAQ:HELE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,465 shares of the company’s stock at the end of the second quarter. Commerce Bank’s holdings in Helen of Troy Limited were worth $326,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in Helen of Troy Limited by 18.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,671 shares of the company’s stock worth $157,000 after purchasing an additional 256 shares in the last quarter. Wealthsource Partners LLC acquired a new position in Helen of Troy Limited during the 1st quarter worth $200,000. LS Investment Advisors LLC grew its stake in Helen of Troy Limited by 17.7% during the 2nd quarter. LS Investment Advisors LLC now owns 2,134 shares of the company’s stock worth $201,000 after purchasing an additional 321 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Helen of Troy Limited during the 1st quarter worth $209,000. Finally, Capstone Asset Management Co. acquired a new position in Helen of Troy Limited during the 1st quarter worth $211,000. 90.10% of the stock is owned by hedge funds and other institutional investors.
Helen of Troy Limited (NASDAQ HELE) opened at 92.20 on Monday. The stock’s 50 day moving average price is $97.59 and its 200 day moving average price is $94.81. Helen of Troy Limited has a 52-week low of $77.50 and a 52-week high of $102.88. The firm has a market capitalization of $2.51 billion, a PE ratio of 20.02 and a beta of 0.97.
Helen of Troy Limited (NASDAQ:HELE) last posted its quarterly earnings results on Monday, July 10th. The company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.08. The business had revenue of $359.61 million during the quarter, compared to the consensus estimate of $358.40 million. Helen of Troy Limited had a return on equity of 17.70% and a net margin of 8.23%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $1.27 earnings per share. Analysts expect that Helen of Troy Limited will post $6.70 earnings per share for the current year.
Helen of Troy Limited declared that its Board of Directors has approved a share buyback plan on Monday, May 15th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
HELE has been the subject of several analyst reports. BidaskClub cut Helen of Troy Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised Helen of Troy Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Bank of America Corporation initiated coverage on Helen of Troy Limited in a research note on Tuesday, August 29th. They set an “underperform” rating and a $87.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Helen of Troy Limited presently has an average rating of “Hold” and a consensus target price of $99.60.
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About Helen of Troy Limited
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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