Ninety One UK Ltd Sells 10,378 Shares of Helen of Troy Limited (NASDAQ:HELE)

Ninety One UK Ltd cut its holdings in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 37.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,578 shares of the company's stock after selling 10,378 shares during the period. Ninety One UK Ltd owned 0.08% of Helen of Troy worth $940,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board raised its holdings in shares of Helen of Troy by 66.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the company's stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Swiss National Bank raised its holdings in shares of Helen of Troy by 0.9% during the 4th quarter. Swiss National Bank now owns 45,000 shares of the company's stock worth $2,692,000 after acquiring an additional 400 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Helen of Troy by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,970 shares of the company's stock worth $776,000 after acquiring an additional 477 shares in the last quarter. Amundi increased its position in shares of Helen of Troy by 40.9% during the 4th quarter. Amundi now owns 1,651 shares of the company's stock valued at $97,000 after purchasing an additional 479 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Helen of Troy by 844.7% during the 4th quarter. Sterling Capital Management LLC now owns 718 shares of the company's stock valued at $43,000 after purchasing an additional 642 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HELE. Canaccord Genuity Group cut their target price on Helen of Troy from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday. UBS Group cut their price objective on shares of Helen of Troy from $68.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen cut shares of Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd.

Helen of Troy Trading Down 22.7%

Helen of Troy stock traded down $7.04 during mid-day trading on Thursday, hitting $23.96. The company's stock had a trading volume of 5,255,143 shares, compared to its average volume of 608,859. The company has a 50 day moving average of $28.27 and a 200-day moving average of $44.02. The stock has a market cap of $549.64 million, a PE ratio of 4.45, a P/E/G ratio of 1.48 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 2.00. Helen of Troy Limited has a one year low of $20.36 and a one year high of $77.95.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its quarterly earnings data on Thursday, July 10th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.50). The business had revenue of $371.66 million during the quarter, compared to the consensus estimate of $400.69 million. Helen of Troy had a net margin of 6.49% and a return on equity of 8.93%. The business's revenue was down 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. On average, research analysts anticipate that Helen of Troy Limited will post 6.46 EPS 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.