Clearline Capital LP Reduces Holdings in Helen of Troy Limited (NASDAQ:HELE)

Clearline Capital LP lessened its stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 46.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,158 shares of the company's stock after selling 95,580 shares during the period. Clearline Capital LP owned 0.48% of Helen of Troy worth $6,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP grew its position in shares of Helen of Troy by 111.3% during the fourth quarter. First Trust Advisors LP now owns 69,856 shares of the company's stock worth $4,179,000 after acquiring an additional 36,795 shares during the last quarter. Swiss National Bank grew its position in shares of Helen of Troy by 0.9% during the fourth quarter. Swiss National Bank now owns 45,000 shares of the company's stock worth $2,692,000 after acquiring an additional 400 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Helen of Troy by 5.2% during the fourth quarter. Principal Financial Group Inc. now owns 131,305 shares of the company's stock worth $7,856,000 after acquiring an additional 6,471 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Helen of Troy by 446.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company's stock worth $38,695,000 after acquiring an additional 528,305 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Helen of Troy by 73.1% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $81,000 after acquiring an additional 571 shares during the last quarter.

Helen of Troy Price Performance

Shares of Helen of Troy stock traded down $0.49 during trading on Tuesday, reaching $31.93. The company's stock had a trading volume of 407,713 shares, compared to its average volume of 556,361. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.45. Helen of Troy Limited has a 12-month low of $24.15 and a 12-month high of $110.76. The company has a market capitalization of $732.57 million, a P/E ratio of 6.44, a price-to-earnings-growth ratio of 1.80 and a beta of 0.91. The business has a 50 day moving average price of $40.86 and a 200-day moving average price of $55.47.

Helen of Troy (NASDAQ:HELE - Get Free Report) last released 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 business had revenue of $485.89 million during the quarter, compared to analyst estimates of $481.55 million. During the same period last year, the business posted $2.45 EPS. Helen of Troy's revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Helen of Troy Limited will post 6.46 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group lowered 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. StockNews.com downgraded Helen of Troy from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, UBS Group decreased their price target on Helen of Troy from $68.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 17th.

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.