Chartwell Investment Partners LLC Lowers Stock Holdings in Helen of Troy Limited (NASDAQ:HELE)

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Chartwell Investment Partners LLC lowered its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 18.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,181 shares of the company’s stock after selling 4,421 shares during the period. Chartwell Investment Partners LLC owned about 0.08% of Helen of Troy worth $3,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HELE. State of Michigan Retirement System raised its holdings in shares of Helen of Troy by 31.2% during the 2nd quarter. State of Michigan Retirement System now owns 9,183 shares of the company’s stock valued at $1,732,000 after buying an additional 2,183 shares in the last quarter. Duality Advisers LP bought a new position in Helen of Troy during the second quarter valued at approximately $2,824,000. M&T Bank Corp raised its stake in shares of Helen of Troy by 29.6% during the second quarter. M&T Bank Corp now owns 8,192 shares of the company’s stock worth $1,545,000 after acquiring an additional 1,873 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Helen of Troy in the 2nd quarter worth approximately $270,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Helen of Troy by 47.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,762 shares of the company’s stock worth $521,000 after acquiring an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

In other news, CEO Julien Mininberg sold 199 shares of Helen of Troy stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $205.87, for a total transaction of $40,968.13. Following the sale, the chief executive officer now owns 116,470 shares of the company’s stock, valued at approximately $23,977,678.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Grass sold 4,310 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $206.06, for a total transaction of $888,118.60. Following the completion of the transaction, the chief financial officer now directly owns 33,014 shares of the company’s stock, valued at $6,802,864.84. The disclosure for this sale can be found here. Insiders have sold 12,667 shares of company stock worth $2,541,577 over the last three months. Insiders own 0.90% of the company’s stock.

A number of brokerages recently commented on HELE. CL King lifted their target price on shares of Helen of Troy from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Zacks Investment Research cut Helen of Troy from a “hold” rating to a “sell” rating and set a $190.00 price objective on the stock. in a research note on Wednesday, May 27th. Oppenheimer boosted their target price on Helen of Troy from $185.00 to $200.00 in a research note on Wednesday, June 10th. ValuEngine cut Helen of Troy from a “hold” rating to a “sell” rating in a report on Wednesday, July 22nd. Finally, DA Davidson lifted their price target on Helen of Troy from $197.00 to $237.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $205.40.

Shares of NASDAQ:HELE opened at $188.25 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.31 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $187.86 and a 200-day moving average price of $169.91. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93. Helen of Troy Limited has a 12 month low of $104.01 and a 12 month high of $209.99.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Thursday, July 9th. The company reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $1.04. Helen of Troy had a return on equity of 20.17% and a net margin of 9.81%. The company had revenue of $420.80 million for the quarter, compared to the consensus estimate of $347.08 million. During the same quarter in the previous year, the business earned $2.06 EPS. Helen of Troy’s revenue was up 11.8% compared to the same quarter last year. As a group, research analysts forecast that Helen of Troy Limited will post 9.56 EPS for the current fiscal year.

About Helen of Troy

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.

Further Reading: Cost of Capital Explained

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

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