Meritage Portfolio Management trimmed its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,168 shares of the company’s stock after selling 794 shares during the quarter. Meritage Portfolio Management owned 0.21% of Helen of Troy worth $7,352,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. IMA Wealth Inc. purchased a new stake in shares of Helen of Troy during the second quarter valued at approximately $118,000. Bank of Montreal Can bought a new position in Helen of Troy during the second quarter valued at $122,000. Fortis Advisors LLC bought a new position in Helen of Troy during the second quarter valued at $128,000. Cornerstone Wealth Management LLC bought a new position in Helen of Troy during the second quarter valued at $143,000. Finally, Moneta Group Investment Advisors LLC bought a new position in Helen of Troy during the second quarter valued at $162,000. 96.22% of the stock is owned by institutional investors.
In other news, Director Gary B. Abromovitz sold 640 shares of the firm’s stock in a transaction on Tuesday, October 23rd. The stock was sold at an average price of $123.00, for a total value of $78,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by company insiders.
Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Tuesday, October 9th. The company reported $1.98 EPS for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.38. Helen of Troy had a return on equity of 19.39% and a net margin of 7.00%. The firm had revenue of $393.50 million during the quarter, compared to analyst estimates of $349.19 million. During the same period last year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts anticipate that Helen of Troy Limited will post 7.08 earnings per share for the current year.
HELE has been the subject of several research reports. Zacks Investment Research lowered Helen of Troy from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. ValuEngine raised Helen of Troy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. DA Davidson increased their price objective on Helen of Troy to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. BidaskClub raised Helen of Troy from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. Finally, Bank of America raised Helen of Troy from a “neutral” rating to a “buy” rating and set a $127.00 price objective for the company in a report on Monday, July 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $133.67.
Helen of Troy Company Profile
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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