The Manufacturers Life Insurance Company Has $687,000 Stake in Helen of Troy Limited (NASDAQ:HELE)

The Manufacturers Life Insurance Company trimmed its position in Helen of Troy Limited (NASDAQ:HELE) by 58.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 11,106 shares of the company’s stock after selling 15,460 shares during the period. The Manufacturers Life Insurance Company’s holdings in Helen of Troy were worth $687,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in HELE. CWM LLC grew its stake in shares of Helen of Troy by 374.6% in the second quarter. CWM LLC now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Helen of Troy in the 2nd quarter valued at about $271,000. Azzad Asset Management Inc. ADV boosted its position in shares of 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 in the last quarter. nVerses Capital LLC acquired a new position in Helen of Troy in the second quarter valued at approximately $28,000. Finally, Cooke & Bieler LP boosted its holdings in shares of Helen of Troy by 1.9% during the 2nd quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company’s stock worth $177,464,000 after buying an additional 36,095 shares in the last quarter.

Helen of Troy Stock Performance

Shares of HELE stock opened at $68.42 on Friday. Helen of Troy Limited has a 12 month low of $48.05 and a 12 month high of $127.83. The firm has a market capitalization of $1.56 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.38 and a beta of 0.88. The firm has a fifty day simple moving average of $67.87 and a two-hundred day simple moving average of $69.32. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

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

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

Wall Street Analysts Forecast Growth

HELE has been the topic of a number of research reports. Canaccord Genuity Group reiterated 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 increased their price objective on shares of Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th.

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.