10,566 Shares in Helen of Troy Limited (NASDAQ:HELE) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,566 shares of the company's stock, valued at approximately $654,000.

A number of other hedge funds have also made changes to their positions in the company. CWM LLC raised its holdings in shares of Helen of Troy by 374.6% in the 2nd quarter. CWM LLC now owns 280 shares of the company's stock worth $26,000 after purchasing an additional 221 shares during the period. nVerses Capital LLC acquired a new position in Helen of Troy during the 2nd quarter worth $28,000. Signaturefd LLC bought a new position in shares of Helen of Troy during the third quarter worth about $61,000. Mercer Global Advisors Inc. ADV acquired a new position in Helen of Troy in the second quarter worth about $270,000. Finally, Verdence Capital Advisors LLC acquired a new position in shares of Helen of Troy in the 2nd quarter worth approximately $271,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HELE. DA Davidson boosted their price objective on shares of 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 issued a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th.

Helen of Troy Stock Up 1.8 %

HELE stock traded up $1.29 during mid-day trading on Friday, hitting $73.54. The stock had a trading volume of 125,870 shares, compared to its average volume of 441,760. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.44 and a beta of 0.88. The company has a fifty day moving average of $66.75 and a 200 day moving average of $70.75. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. Helen of Troy Limited has a 1-year low of $48.05 and a 1-year high of $127.83.

Helen of Troy (NASDAQ:HELE - Get Free Report) last released its earnings results on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.05 by $0.16. The firm had revenue of $474.20 million during the quarter, compared to analysts' expectations of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. On average, equities analysts expect that Helen of Troy Limited will post 6.37 EPS for the current fiscal year.

Helen of Troy declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 39.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Helen of Troy Company Profile

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.