The Prudential Financial Inc. Sold shares of Helen of Troy Ltd. (HELE)

The Prudential Financial Inc. Sold shares of Helen of Troy Ltd. (HELE)

Prudential Financial Inc. reduced its stake in shares of Helen of Troy Ltd. (NASDAQ:HELE) by 73.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,793 shares of the company’s stock after selling 50,040 shares during the period. Prudential Financial Inc. owned approximately 0.06% of Helen of Troy worth $1,830,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. GW&K Investment Management LLC acquired a new stake in Helen of Troy during the second quarter valued at approximately $25,009,000. State Treasurer State of Michigan acquired a new stake in Helen of Troy during the second quarter valued at approximately $1,142,000. AXA increased its stake in Helen of Troy by 10.3% in the first quarter. AXA now owns 57,000 shares of the company’s stock valued at $5,910,000 after buying an additional 5,300 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in Helen of Troy during the second quarter valued at approximately $1,722,000. Finally, Loomis Sayles & Co. L P increased its stake in Helen of Troy by 32.1% in the first quarter. Loomis Sayles & Co. L P now owns 130,219 shares of the company’s stock valued at $13,502,000 after buying an additional 31,679 shares during the period. Hedge funds and other institutional investors own 95.34% of the company’s stock.

Helen of Troy Ltd. (NASDAQ:HELE) opened at 79.65 on Friday. The firm’s 50-day moving average is $84.46 and its 200-day moving average is $94.93. Helen of Troy Ltd. has a 12 month low of $77.70 and a 12 month high of $106.50. The stock has a market cap of $2.22 billion, a P/E ratio of 21.73 and a beta of 1.00.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Thursday, October 6th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.17. Helen of Troy had a net margin of 6.70% and a return on equity of 18.63%. The business earned $368.17 million during the quarter. During the same period in the previous year, the business posted $1.12 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities analysts forecast that Helen of Troy Ltd. will post $6.05 earnings per share for the current fiscal year.

HELE has been the subject of several research reports. Zacks Investment Research downgraded shares of Helen of Troy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. KeyCorp reiterated a “hold” rating on shares of Helen of Troy in a research report on Thursday, October 6th. Sidoti initiated coverage on shares of Helen of Troy in a research report on Thursday, August 25th. They issued a “neutral” rating and a $102.00 price target for the company. Finally, Jefferies Group reduced their price target on shares of Helen of Troy to $105.00 in a research report on Friday, October 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $107.50.

Helen of Troy 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.

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