Helen of Troy Limited (NASDAQ:HELE) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its stake in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 49.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,020 shares of the company's stock after selling 12,833 shares during the period. MetLife Investment Management LLC owned 0.06% of Helen of Troy worth $805,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Helen of Troy during the 3rd quarter worth about $1,775,000. BNP Paribas Financial Markets lifted its position in Helen of Troy by 49.5% during the third quarter. BNP Paribas Financial Markets now owns 7,405 shares of the company's stock valued at $458,000 after buying an additional 2,453 shares in the last quarter. Quantbot Technologies LP grew its stake in Helen of Troy by 176.2% during the third quarter. Quantbot Technologies LP now owns 9,162 shares of the company's stock worth $567,000 after buying an additional 5,845 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Helen of Troy by 14.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 410,078 shares of the company's stock worth $25,363,000 after acquiring an additional 53,016 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Helen of Troy by 30,278.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company's stock valued at $66,176,000 after acquiring an additional 1,066,418 shares during the period.

Wall Street Analyst Weigh In

HELE has been the topic of several research reports. DA Davidson raised their price objective on Helen of Troy from $71.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, November 25th. Canaccord Genuity Group reiterated a "buy" rating and set a $84.00 target price on shares of Helen of Troy in a report on Monday, October 7th.

Helen of Troy Stock Up 0.6 %

HELE traded up $0.45 during trading hours on Friday, reaching $72.70. 256,011 shares of the stock traded hands, compared to its average volume of 390,677. Helen of Troy Limited has a fifty-two week low of $48.05 and a fifty-two week high of $127.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.44 and a beta of 0.88. The firm's fifty day simple moving average is $66.97 and its two-hundred day simple moving average is $70.51.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.16. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 earnings per share. As a group, analysts forecast that Helen of Troy Limited will post 6.37 earnings per share for the current fiscal year.

Helen of Troy announced that its Board of Directors has initiated a share repurchase plan on Thursday, September 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 39.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

About Helen of Troy

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.