Entropy Technologies LP purchased a new position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,077 shares of the company's stock, valued at approximately $500,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in Helen of Troy by 374.6% during the second quarter. CWM LLC now owns 280 shares of the company's stock worth $26,000 after purchasing an additional 221 shares during the last quarter. nVerses Capital LLC purchased a new position in Helen of Troy during the second quarter worth about $28,000. Bessemer Group Inc. raised its position in Helen of Troy by 153.7% in the first quarter. Bessemer Group Inc. now owns 576 shares of the company's stock worth $67,000 after acquiring an additional 349 shares during the period. Signaturefd LLC bought a new stake in Helen of Troy in the third quarter worth about $61,000. Finally, MQS Management LLC bought a new stake in Helen of Troy in the first quarter worth about $256,000.
Helen of Troy Stock Performance
HELE stock traded down $0.79 during mid-day trading on Friday, hitting $64.92. The company had a trading volume of 345,403 shares, compared to its average volume of 443,764. The stock's fifty day moving average price is $63.16 and its two-hundred day moving average price is $73.71. Helen of Troy Limited has a 12 month low of $48.05 and a 12 month high of $127.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.77. The firm has a market cap of $1.48 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.27 and a beta of 0.85.
Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.16. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The company's quarterly revenue was down 3.5% compared to the same quarter last year. On average, analysts forecast that Helen of Troy Limited will post 6.35 earnings per share for the current fiscal year.
Helen of Troy announced that its board has initiated a stock repurchase plan on Thursday, September 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 39.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.
Analysts Set New Price Targets
Several brokerages have commented on HELE. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $84.00 price objective on shares of Helen of Troy in a research report on Monday, October 7th. DA Davidson lifted their price objective on shares of Helen of Troy from $67.00 to $71.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th.
Read Our Latest Stock Analysis on Helen of Troy
About Helen of Troy
(
Free Report)
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.
Further Reading
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