Invenomic Capital Management LP Decreases Stock Holdings in Helen of Troy Limited (NASDAQ:HELE)

Invenomic Capital Management LP lessened its stake in Helen of Troy Limited (NASDAQ:HELE) by 38.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 141,986 shares of the company’s stock after selling 89,270 shares during the quarter. Invenomic Capital Management LP’s holdings in Helen of Troy were worth $8,495,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cooper Creek Partners Management LLC purchased a new position in shares of Helen of Troy in the 4th quarter worth approximately $41,248,000. Arrowstreet Capital Limited Partnership grew its holdings in Helen of Troy by 446.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company’s stock worth $38,695,000 after purchasing an additional 528,305 shares during the last quarter. Medina Value Partners LLC increased its position in shares of Helen of Troy by 303.8% during the fourth quarter. Medina Value Partners LLC now owns 318,463 shares of the company’s stock worth $19,054,000 after purchasing an additional 239,593 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Helen of Troy by 104.3% during the 4th quarter. Bank of New York Mellon Corp now owns 349,205 shares of the company’s stock valued at $20,893,000 after purchasing an additional 178,310 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Helen of Troy by 80.5% in the 4th quarter. Bank of America Corp DE now owns 364,180 shares of the company’s stock worth $21,789,000 after purchasing an additional 162,460 shares in the last quarter.

Helen of Troy Stock Performance

Shares of HELE opened at $27.27 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.92. The stock has a 50-day moving average of $41.31 and a two-hundred day moving average of $55.75. The stock has a market cap of $625.66 million, a P/E ratio of 5.50, a P/E/G ratio of 1.80 and a beta of 0.91. Helen of Troy Limited has a one year low of $24.15 and a one year high of $110.76.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Thursday, April 24th. The company reported $2.33 EPS for the quarter, missing analysts’ consensus estimates of $2.35 by ($0.02). Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. The firm had revenue of $485.89 million during the quarter, compared to analysts’ expectations of $481.55 million. During the same quarter in the prior year, the company earned $2.45 EPS. Helen of Troy’s quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts predict that Helen of Troy Limited will post 6.46 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com lowered Helen of Troy from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. UBS Group decreased their price objective on shares of Helen of Troy from $68.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group dropped their target price on shares of Helen of Troy from $92.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd.

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.