Helen of Troy Limited (NASDAQ:HELE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Helen of Troy Limited (NASDAQ:HELE) by 74.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,431 shares of the company’s stock after selling 10,203 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Helen of Troy were worth $212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. QRG Capital Management Inc. acquired a new position in Helen of Troy in the second quarter valued at approximately $289,000. Principal Financial Group Inc. increased its holdings in shares of Helen of Troy by 37.9% during the 3rd quarter. Principal Financial Group Inc. now owns 124,834 shares of the company’s stock valued at $7,721,000 after purchasing an additional 34,318 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Helen of Troy by 2.7% during the 2nd quarter. Earnest Partners LLC now owns 666,256 shares of the company’s stock valued at $61,789,000 after purchasing an additional 17,741 shares in the last quarter. Algert Global LLC acquired a new position in shares of Helen of Troy in the 2nd quarter valued at $829,000. Finally, Marshall Wace LLP boosted its holdings in Helen of Troy by 1,178.7% during the second quarter. Marshall Wace LLP now owns 51,302 shares of the company’s stock worth $4,758,000 after buying an additional 47,290 shares in the last quarter.

Helen of Troy Stock Performance

NASDAQ:HELE opened at $73.33 on Friday. The company has a fifty day moving average of $65.35 and a two-hundred day moving average of $71.96. Helen of Troy Limited has a fifty-two week low of $48.05 and a fifty-two week high of $127.83. The stock has a market capitalization of $1.68 billion, a PE ratio of 12.26, a P/E/G ratio of 1.42 and a beta of 0.85. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.77.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.16. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. During the same period last year, the company posted $1.45 EPS. Helen of Troy’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, research analysts forecast 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 plan on Thursday, September 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 39.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on HELE. Canaccord Genuity Group reiterated a “buy” rating and issued a $84.00 price objective on shares of Helen of Troy in a research report on Monday, October 7th. DA Davidson upped their price target on Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, November 25th.

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.