Royal Bank of Canada Cuts Stake in Helen of Troy Limited (HELE)

Royal Bank of Canada decreased its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 15.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,118 shares of the company’s stock after selling 15,844 shares during the quarter. Royal Bank of Canada owned about 0.33% of Helen of Troy Limited worth $8,385,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HELE. BlackRock Inc. boosted its stake in Helen of Troy Limited by 21,305.1% in the 1st quarter. BlackRock Inc. now owns 2,805,144 shares of the company’s stock valued at $264,244,000 after purchasing an additional 2,792,039 shares during the period. Vanguard Group Inc. lifted its position in shares of Helen of Troy Limited by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 2,259,325 shares of the company’s stock valued at $212,829,000 after acquiring an additional 68,092 shares during the period. Wellington Management Group LLP lifted its position in shares of Helen of Troy Limited by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 379,813 shares of the company’s stock valued at $35,778,000 after acquiring an additional 1,855 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Helen of Troy Limited by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 307,094 shares of the company’s stock valued at $28,898,000 after acquiring an additional 1,198 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Helen of Troy Limited by 296.3% during the 2nd quarter. Alliancebernstein L.P. now owns 282,067 shares of the company’s stock valued at $26,543,000 after acquiring an additional 210,886 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on HELE. CL King began coverage on Helen of Troy Limited in a research report on Tuesday, September 12th. They set a “buy” rating and a $104.00 target price for the company. Bank of America Corporation began coverage on Helen of Troy Limited in a 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 report on Friday, October 6th. BidaskClub cut Helen of Troy Limited from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Finally, ValuEngine raised Helen of Troy Limited from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.40.

In related news, Director Timothy F. Meeker sold 2,500 shares of the business’s 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.57% of the company’s stock.

Shares of Helen of Troy Limited (NASDAQ HELE) opened at 95.25 on Friday. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 24.22 and a beta of 0.99. The company’s 50 day moving average price is $94.34 and its 200 day moving average price is $94.69. Helen of Troy Limited has a 12 month low of $77.50 and a 12 month high of $102.88.

Helen of Troy Limited (NASDAQ:HELE) last posted its quarterly earnings data 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 business had revenue of $378.46 million during 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 revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 earnings per share. On average, equities analysts expect that Helen of Troy Limited will post $6.72 EPS for the current fiscal year.

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Helen of Troy Limited 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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