Chartwell Investment Partners LLC decreased its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 18.0% during the second quarter, Holdings Channel reports. The institutional investor owned 20,181 shares of the company’s stock after selling 4,421 shares during the period. Chartwell Investment Partners LLC’s holdings in Helen of Troy were worth $3,805,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of HELE. State Street Corp lifted its position in shares of Helen of Troy by 5.9% in the first quarter. State Street Corp now owns 883,131 shares of the company’s stock valued at $127,197,000 after acquiring an additional 48,850 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Helen of Troy by 5.1% in the 1st quarter. Wells Fargo & Company MN now owns 541,804 shares of the company’s stock worth $78,036,000 after purchasing an additional 26,173 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Helen of Troy by 125.8% in the 1st quarter. JPMorgan Chase & Co. now owns 501,669 shares of the company’s stock worth $72,255,000 after purchasing an additional 279,491 shares during the period. Geode Capital Management LLC grew its holdings in Helen of Troy by 6.2% during the 1st quarter. Geode Capital Management LLC now owns 397,008 shares of the company’s stock valued at $57,181,000 after buying an additional 23,299 shares in the last quarter. Finally, Norges Bank purchased a new stake in Helen of Troy during the 4th quarter valued at approximately $60,066,000. 96.60% of the stock is owned by institutional investors.
HELE has been the subject of a number of research reports. DA Davidson upped their target price on shares of Helen of Troy from $197.00 to $237.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. ValuEngine downgraded shares of Helen of Troy from a “hold” rating to a “sell” rating in a report on Wednesday, July 22nd. Zacks Investment Research cut Helen of Troy from a “hold” rating to a “sell” rating and set a $190.00 target price on the stock. in a report on Wednesday, May 27th. BidaskClub lowered Helen of Troy from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Finally, Oppenheimer lifted their price objective on Helen of Troy from $185.00 to $200.00 in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $205.40.
In related news, CEO Julien Mininberg sold 6,158 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $195.00, for a total transaction of $1,200,810.00. Following the completion of the sale, the chief executive officer now directly owns 132,555 shares of the company’s stock, valued at approximately $25,848,225. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy F. Meeker sold 2,000 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $205.84, for a total value of $411,680.00. Following the transaction, the director now owns 6,699 shares of the company’s stock, valued at approximately $1,378,922.16. The disclosure for this sale can be found here. Insiders have sold a total of 12,667 shares of company stock worth $2,541,577 over the last quarter. 0.90% of the stock is currently owned by insiders.
NASDAQ:HELE opened at $188.25 on Friday. The firm has a market capitalization of $4.77 billion, a PE ratio of 27.77, a PEG ratio of 3.02 and a beta of 0.93. The stock’s fifty day moving average is $187.86 and its 200 day moving average is $169.91. Helen of Troy Limited has a fifty-two week low of $104.01 and a fifty-two week high of $209.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.31 and a current ratio of 2.07.
Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $1.04. The business had revenue of $420.80 million for the quarter, compared to analysts’ expectations of $347.08 million. Helen of Troy had a net margin of 9.81% and a return on equity of 20.17%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 earnings per share. Equities analysts forecast that Helen of Troy Limited will post 9.56 EPS for the current year.
About Helen of Troy
Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.
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