Bridgewater Associates LP Reduces Stock Holdings in Helen of Troy Limited (NASDAQ:HELE)

Bridgewater Associates LP trimmed its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 53.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,057 shares of the company’s stock after selling 17,595 shares during the quarter. Bridgewater Associates LP’s holdings in Helen of Troy were worth $931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HELE. Price T Rowe Associates Inc. MD grew its stake in Helen of Troy by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,292 shares of the company’s stock worth $2,109,000 after buying an additional 848 shares during the last quarter. CWM LLC grew its stake in Helen of Troy by 374.6% during the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Helen of Troy during the 2nd quarter valued at about $289,000. Verdence Capital Advisors LLC purchased a new stake in Helen of Troy during the 2nd quarter valued at about $271,000. Finally, Azzad Asset Management Inc. ADV grew its stake in Helen of Troy by 54.0% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 31,487 shares of the company’s stock valued at $2,920,000 after purchasing an additional 11,038 shares during the last quarter.

Analyst Ratings Changes

Several analysts have weighed in on the company. DA Davidson boosted their price target on Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Canaccord Genuity Group reiterated a “buy” rating and set a $84.00 price target on shares of Helen of Troy in a research note on Monday, October 7th.

Helen of Troy Stock Performance

Shares of HELE stock opened at $73.33 on Monday. The stock has a market cap of $1.68 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.44 and a beta of 0.85. The business has a 50-day simple moving average of $65.63 and a 200-day simple moving average of $71.47. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45. Helen of Troy Limited has a 52-week low of $48.05 and a 52-week high of $127.83.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.16. The business had revenue of $474.20 million during the quarter, compared to analysts’ expectations of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS. On average, equities analysts expect that Helen of Troy Limited will post 6.37 EPS for the current year.

Helen of Troy declared that its Board of Directors has initiated a stock buyback plan on Thursday, September 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 39.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.