Helen of Troy Limited (NASDAQ:HELE) Shares Sold by Barclays PLC

Barclays PLC reduced its position in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 30.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,913 shares of the company's stock after selling 19,102 shares during the quarter. Barclays PLC owned about 0.19% of Helen of Troy worth $2,716,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Verdence Capital Advisors LLC purchased a new position in Helen of Troy during the 2nd quarter worth $271,000. Azzad Asset Management Inc. ADV grew its holdings in shares of Helen of Troy by 54.0% during the second quarter. Azzad Asset Management Inc. ADV now owns 31,487 shares of the company's stock worth $2,920,000 after buying an additional 11,038 shares during the last quarter. nVerses Capital LLC acquired a new position in Helen of Troy in the 2nd quarter valued at about $28,000. Cooke & Bieler LP raised its stake in Helen of Troy by 1.9% during the 2nd quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company's stock valued at $177,464,000 after acquiring an additional 36,095 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Helen of Troy by 13.9% during the 2nd quarter. Victory Capital Management Inc. now owns 8,393 shares of the company's stock worth $778,000 after acquiring an additional 1,026 shares during the period.

Wall Street Analyst Weigh In

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

Helen of Troy Stock Performance

NASDAQ HELE traded down $0.15 on Wednesday, hitting $61.58. 155,933 shares of the company's stock were exchanged, compared to its average volume of 437,816. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 1.38 and a beta of 0.88. The firm's 50-day moving average price is $67.09 and its two-hundred day moving average price is $66.79. 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.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its quarterly earnings data on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.16. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter in the prior year, the company posted $1.45 earnings per share. Helen of Troy's quarterly revenue was down 3.5% on a year-over-year basis. On average, research analysts expect that Helen of Troy Limited will post 6.37 EPS for the current year.

Helen of Troy announced that its board has approved a share buyback program on Thursday, September 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 39.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Helen of Troy 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.