Marshall Wace LLP Takes Position in Helen of Troy Limited (HELE)

Marshall Wace LLP bought a new stake in shares of Helen of Troy Limited (NASDAQ:HELE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 251,729 shares of the company’s stock, valued at approximately $32,951,000. Marshall Wace LLP owned approximately 0.95% of Helen of Troy at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Riverhead Capital Management LLC raised its stake in Helen of Troy by 17.1% during the 3rd quarter. Riverhead Capital Management LLC now owns 2,737 shares of the company’s stock valued at $358,000 after acquiring an additional 400 shares in the last quarter. LPL Financial LLC increased its position in shares of Helen of Troy by 1.6% during the 3rd quarter. LPL Financial LLC now owns 26,929 shares of the company’s stock valued at $3,525,000 after purchasing an additional 418 shares during the period. Trexquant Investment LP increased its position in shares of Helen of Troy by 9.2% during the 3rd quarter. Trexquant Investment LP now owns 5,578 shares of the company’s stock valued at $730,000 after purchasing an additional 472 shares during the period. Summit Global Investments increased its position in shares of Helen of Troy by 7.6% during the 2nd quarter. Summit Global Investments now owns 7,100 shares of the company’s stock valued at $699,000 after purchasing an additional 500 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Helen of Troy by 0.3% during the 3rd quarter. Teachers Advisors LLC now owns 187,302 shares of the company’s stock valued at $24,518,000 after purchasing an additional 524 shares during the period. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on HELE. Bank of America set a $151.00 price target on Helen of Troy and gave the company a “buy” rating in a research report on Monday, November 19th. BidaskClub upgraded Helen of Troy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 13th. DA Davidson reiterated a “buy” rating and set a $148.00 price target on shares of Helen of Troy in a research report on Wednesday, October 10th. Zacks Investment Research cut Helen of Troy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, ValuEngine upgraded Helen of Troy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $141.67.

Shares of HELE stock traded down $1.66 during mid-day trading on Friday, hitting $137.41. 678 shares of the stock traded hands, compared to its average volume of 190,011. Helen of Troy Limited has a twelve month low of $81.10 and a twelve month high of $145.46. The stock has a market cap of $3.72 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 3.24 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.18 and a current ratio of 2.14.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Tuesday, October 9th. The company reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.38. The business had revenue of $393.50 million for the quarter, compared to analysts’ expectations of $349.19 million. Helen of Troy had a return on equity of 19.39% and a net margin of 7.00%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 EPS. Equities research analysts predict that Helen of Troy Limited will post 7.08 earnings per share for the current year.

In other news, Director Gary B. Abromovitz sold 500 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $125.25, for a total value of $62,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

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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.

Featured Article: Debt-To-Equity Ratio

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

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