Point72 Hong Kong Ltd Invests $3 Million in Helen of Troy Limited (NASDAQ:HELE)

Point72 Hong Kong Ltd bought a new position in Helen of Troy Limited (NASDAQ:HELE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 50,105 shares of the company’s stock, valued at approximately $2,998,000. Point72 Hong Kong Ltd owned about 0.22% of Helen of Troy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HELE. Canada Pension Plan Investment Board raised its holdings in shares of Helen of Troy by 66.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Helen of Troy by 844.7% in the 4th quarter. Sterling Capital Management LLC now owns 718 shares of the company’s stock worth $43,000 after purchasing an additional 642 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Helen of Troy in the 4th quarter worth approximately $44,000. Quarry LP raised its holdings in shares of Helen of Troy by 917.5% in the 4th quarter. Quarry LP now owns 814 shares of the company’s stock worth $49,000 after purchasing an additional 734 shares during the period. Finally, KBC Group NV raised its holdings in shares of Helen of Troy by 73.1% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $81,000 after purchasing an additional 571 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group lowered their price target on shares of Helen of Troy from $92.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. UBS Group lowered their price target on shares of Helen of Troy from $68.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Finally, StockNews.com cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Friday, May 2nd.

Helen of Troy Trading Down 1.1%

Shares of HELE stock opened at $29.76 on Friday. The company’s fifty day simple moving average is $39.32 and its two-hundred day simple moving average is $54.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.92 and a quick ratio of 1.05. Helen of Troy Limited has a 1 year low of $24.15 and a 1 year high of $109.59. The stock has a market capitalization of $682.78 million, a price-to-earnings ratio of 6.00, a PEG ratio of 1.80 and a beta of 0.91.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Thursday, April 24th. The company reported $2.33 earnings per share (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 business had revenue of $485.89 million for the quarter, compared to the consensus estimate of $481.55 million. During the same period in the previous year, the firm earned $2.45 EPS. The company’s revenue was down .7% compared to the same quarter last year. As a group, analysts anticipate that Helen of Troy Limited will post 6.46 earnings per share for the current year.

About Helen of Troy

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.