Invenomic Capital Management LP Reduces Position in Helen of Troy Limited (NASDAQ:HELE)

Invenomic Capital Management LP decreased its holdings in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 38.6% in the 4th 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HELE. GAMMA Investing LLC increased its position in shares of Helen of Troy by 96.0% during the 4th quarter. GAMMA Investing LLC now owns 484 shares of the company's stock worth $29,000 after purchasing an additional 237 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Helen of Troy by 66.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the company's stock worth $30,000 after buying an additional 200 shares during the period. Sterling Capital Management LLC increased its position in shares of Helen of Troy by 844.7% during the fourth quarter. Sterling Capital Management LLC now owns 718 shares of the company's stock valued at $43,000 after acquiring an additional 642 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Helen of Troy in the 4th quarter valued at approximately $44,000. Finally, Quarry LP lifted 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 acquiring an additional 734 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Canaccord Genuity Group cut their target price on 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. UBS Group cut their price objective on 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 Helen of Troy from a "buy" rating to a "hold" rating in a report on Friday, May 2nd.

Helen of Troy Stock Up 2.5%

Helen of Troy stock traded up $0.73 during mid-day trading on Friday, reaching $30.49. 469,498 shares of the company's stock were exchanged, compared to its average volume of 559,132. The company has a fifty day moving average of $39.32 and a 200-day moving average of $54.88. The company has a market cap of $699.53 million, a P/E ratio of 6.15, a P/E/G ratio of 1.80 and a beta of 0.91. 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 twelve month low of $24.15 and a twelve month high of $109.59.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $485.89 million during the quarter, compared to analyst estimates of $481.55 million. During the same quarter in the previous year, the business posted $2.45 earnings per share. The firm's revenue was down .7% on a year-over-year basis. Sell-side analysts expect 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.