The Manufacturers Life Insurance Company Boosts Holdings in Helen of Troy Limited (HELE)

The Manufacturers Life Insurance Company raised its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 425,092.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,527 shares of the company’s stock after acquiring an additional 59,513 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.22% of Helen of Troy Limited worth $5,601,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. M&T Bank Corp grew its position in Helen of Troy Limited by 0.4% during the second quarter. M&T Bank Corp now owns 7,263 shares of the company’s stock valued at $683,000 after acquiring an additional 27 shares during the period. Capstone Asset Management Co. grew its position in Helen of Troy Limited by 2.2% during the second quarter. Capstone Asset Management Co. now owns 2,292 shares of the company’s stock valued at $216,000 after acquiring an additional 50 shares during the period. Meeder Asset Management Inc. grew its position in Helen of Troy Limited by 0.5% during the second quarter. Meeder Asset Management Inc. now owns 9,330 shares of the company’s stock valued at $878,000 after acquiring an additional 50 shares during the period. State Treasurer State of Michigan grew its position in Helen of Troy Limited by 1.8% during the second quarter. State Treasurer State of Michigan now owns 11,200 shares of the company’s stock valued at $1,054,000 after acquiring an additional 200 shares during the period. Finally, Arizona State Retirement System grew its position in Helen of Troy Limited by 1.8% during the second quarter. Arizona State Retirement System now owns 11,400 shares of the company’s stock valued at $1,073,000 after acquiring an additional 200 shares during the period. 89.99% of the stock is owned by hedge funds and other institutional investors.

In other Helen of Troy Limited news, Director Timothy F. Meeker sold 2,500 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $235,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

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A number of equities research analysts have issued reports on the company. CL King assumed coverage on Helen of Troy Limited in a research report on Tuesday, September 12th. They set a “buy” rating and a $104.00 price target for the company. Bank of America Corporation assumed coverage on Helen of Troy Limited in a research report on Tuesday, August 29th. They set an “underperform” rating and a $87.00 price target for the company. KeyCorp reissued a “hold” rating on shares of Helen of Troy Limited in a research report on Friday, October 6th. BidaskClub downgraded Helen of Troy Limited from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, ValuEngine raised Helen of Troy Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Helen of Troy Limited currently has a consensus rating of “Hold” and an average price target of $99.40.

Helen of Troy Limited (NASDAQ:HELE) opened at 94.50 on Monday. The firm’s 50 day moving average price is $94.55 and its 200-day moving average price is $94.71. Helen of Troy Limited has a 52 week low of $77.50 and a 52 week high of $102.88. The firm has a market cap of $2.58 billion, a PE ratio of 24.03 and a beta of 0.99.

Helen of Troy Limited (NASDAQ:HELE) last posted its earnings results on Thursday, October 5th. The company reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.29. The firm had revenue of $378.46 million for the quarter, compared to the consensus estimate of $377.08 million. Helen of Troy Limited had a net margin of 6.93% and a return on equity of 18.28%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share. On average, analysts forecast that Helen of Troy Limited will post $6.72 EPS for the current year.

Helen of Troy Limited Company Profile

Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has four segments. The Housewares segment provides a range of consumer products for the home.

Institutional Ownership by Quarter for Helen of Troy Limited (NASDAQ:HELE)

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