Invenomic Capital Management LP Sells 89,270 Shares of Helen of Troy Limited (NASDAQ:HELE)

Invenomic Capital Management LP cut its stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,986 shares of the company's stock after selling 89,270 shares during the quarter. Invenomic Capital Management LP owned about 0.62% of Helen of Troy worth $8,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of Helen of Troy by 49.9% in the fourth quarter. Janus Henderson Group PLC now owns 302,709 shares of the company's stock valued at $18,111,000 after acquiring an additional 100,767 shares during the period. Gotham Asset Management LLC grew its holdings in Helen of Troy by 254.3% during the 4th quarter. Gotham Asset Management LLC now owns 16,858 shares of the company's stock valued at $1,009,000 after purchasing an additional 12,100 shares during the last quarter. Deutsche Bank AG raised its position in Helen of Troy by 76.6% in the 4th quarter. Deutsche Bank AG now owns 56,132 shares of the company's stock worth $3,358,000 after purchasing an additional 24,339 shares during the period. Centiva Capital LP bought a new stake in Helen of Troy in the fourth quarter worth about $444,000. Finally, Bayesian Capital Management LP boosted its position in shares of Helen of Troy by 33.0% during the fourth quarter. Bayesian Capital Management LP now owns 20,131 shares of the company's stock valued at $1,204,000 after buying an additional 5,000 shares during the period.

Helen of Troy Stock Performance

Helen of Troy stock opened at $27.27 on Friday. Helen of Troy Limited has a fifty-two week low of $24.15 and a fifty-two week high of $110.76. The company has a market capitalization of $625.66 million, a PE ratio of 5.50, a P/E/G ratio of 1.80 and a beta of 0.91. The company has a 50 day moving average price of $41.31 and a 200-day moving average price of $55.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.92.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.33 earnings per share for the quarter, missing analysts' consensus estimates of $2.35 by ($0.02). The firm had revenue of $485.89 million for the quarter, compared to the consensus estimate of $481.55 million. Helen of Troy had a net margin of 6.05% and a return on equity of 9.13%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $2.45 earnings per share. As a group, equities analysts forecast that Helen of Troy Limited will post 6.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HELE shares. StockNews.com downgraded Helen of Troy from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Canaccord Genuity Group reduced their target price on Helen of Troy from $92.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group decreased their target price on 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.

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.

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