Helen of Troy Limited (NASDAQ:HELE) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 96.1% during the third quarter, Holdings Channel.com reports. The fund owned 242,395 shares of the company’s stock after purchasing an additional 118,814 shares during the period. Wellington Management Group LLP’s holdings in Helen of Troy were worth $14,992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted 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 in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Helen of Troy by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 26,566 shares of the company’s stock valued at $2,464,000 after buying an additional 260 shares during the period. nVerses Capital LLC bought a new position in Helen of Troy during the second quarter valued at about $28,000. Bank of Montreal Can grew its holdings in Helen of Troy by 7.9% during the second quarter. Bank of Montreal Can now owns 7,839 shares of the company’s stock worth $779,000 after acquiring an additional 573 shares during the period. Finally, Anchor Capital Advisors LLC raised its position in Helen of Troy by 5.8% in the second quarter. Anchor Capital Advisors LLC now owns 10,926 shares of the company’s stock worth $1,013,000 after acquiring an additional 603 shares in the last quarter.

Wall Street Analyst Weigh In

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

Helen of Troy Trading Down 1.1 %

Shares of NASDAQ HELE opened at $68.42 on Friday. 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 12 month low of $48.05 and a 12 month high of $127.83. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.38 and a beta of 0.88. The business has a fifty day simple moving average of $67.87 and a 200-day simple moving average of $69.08.

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

Helen of Troy declared that its board has authorized a stock repurchase program on Thursday, September 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 39.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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.