Helen of Troy Limited (NASDAQ:HELE) Shares Sold by Creative Planning

Creative Planning reduced its position in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 92.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,034 shares of the company's stock after selling 52,529 shares during the period. Creative Planning's holdings in Helen of Troy were worth $250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cooke & Bieler LP grew its stake in shares of Helen of Troy by 1.9% during the second quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company's stock worth $177,464,000 after acquiring an additional 36,095 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Helen of Troy by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company's stock valued at $106,970,000 after purchasing an additional 102,767 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Helen of Troy by 2.7% in the second quarter. Earnest Partners LLC now owns 666,256 shares of the company's stock worth $61,789,000 after buying an additional 17,741 shares during the last quarter. Capital International Investors lifted its stake in shares of Helen of Troy by 14.2% during the first quarter. Capital International Investors now owns 360,102 shares of the company's stock worth $41,498,000 after buying an additional 44,758 shares during the period. Finally, William Blair Investment Management LLC purchased a new stake in shares of Helen of Troy during the second quarter valued at $29,749,000.

Helen of Troy Stock Performance

Shares of HELE stock traded up $3.68 on Monday, hitting $66.16. The company had a trading volume of 358,753 shares, compared to its average volume of 445,486. The firm has a market cap of $1.51 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.23 and a beta of 0.85. Helen of Troy Limited has a twelve month low of $48.05 and a twelve month high of $127.83. The company has a 50-day moving average price of $61.99 and a 200-day moving average price of $74.38. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share 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 firm had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. During the same period in the previous year, the firm earned $1.45 EPS. The business's quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts predict that Helen of Troy Limited will post 6.35 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of analysts have commented on HELE shares. Canaccord Genuity Group reaffirmed a "buy" rating and set a $84.00 price target on shares of Helen of Troy in a research report on Monday, October 7th. DA Davidson lifted their target price on Helen of Troy from $67.00 to $71.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th.

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.