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

Bridgewater Associates LP decreased its stake in Helen of Troy Limited (NASDAQ:HELE) by 53.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,057 shares of the company’s stock after selling 17,595 shares during the quarter. Bridgewater Associates LP owned about 0.07% of Helen of Troy worth $931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in shares of Helen of Troy by 30,278.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock worth $66,176,000 after acquiring an additional 1,066,418 shares during the last quarter. Pzena Investment Management LLC bought a new stake in shares of Helen of Troy during the 3rd quarter worth approximately $35,962,000. William Blair Investment Management LLC bought a new stake in shares of Helen of Troy during the 2nd quarter worth approximately $29,749,000. M&G PLC bought a new stake in shares of Helen of Troy during the 3rd quarter worth approximately $11,702,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Helen of Troy by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock worth $106,970,000 after acquiring an additional 102,767 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Helen of Troy Trading Up 1.1 %

Shares of NASDAQ HELE opened at $73.33 on Monday. The firm 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 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 twelve month low of $48.05 and a twelve month high of $127.83. The business has a fifty day simple moving average of $65.63 and a two-hundred day simple moving average of $71.47.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.05 by $0.16. The firm had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. Analysts expect that Helen of Troy Limited will post 6.37 earnings per share for the current fiscal year.

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

Helen of Troy 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.