Thrivent Financial for Lutherans Buys 12,162 Shares of Helen of Troy Limited (NASDAQ:HELE)

Thrivent Financial for Lutherans boosted its position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 211.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,915 shares of the company's stock after buying an additional 12,162 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Helen of Troy worth $1,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. bought a new stake in Helen of Troy in the second quarter valued at $289,000. Principal Financial Group Inc. increased its position in shares of Helen of Troy by 37.9% during the third quarter. Principal Financial Group Inc. now owns 124,834 shares of the company's stock valued at $7,721,000 after buying an additional 34,318 shares during the period. Earnest Partners LLC raised its stake in 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 in the last quarter. Algert Global LLC purchased a new stake in Helen of Troy in the second quarter worth about $829,000. Finally, Marshall Wace LLP boosted its position in Helen of Troy by 1,178.7% during the 2nd quarter. Marshall Wace LLP now owns 51,302 shares of the company's stock valued at $4,758,000 after acquiring an additional 47,290 shares in the last quarter.

Helen of Troy Price Performance

Shares of NASDAQ HELE traded up $0.46 during midday trading on Monday, reaching $73.79. The stock had a trading volume of 414,183 shares, compared to its average volume of 444,696. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.77. Helen of Troy Limited has a 12-month low of $48.05 and a 12-month high of $127.83. The stock has a 50-day moving average of $65.63 and a 200-day moving average of $71.21. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 1.44 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE - Get Free Report) last released its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $458.85 million. During the same quarter last year, the business posted $1.45 earnings per share. The firm's revenue was down 3.5% on a year-over-year basis. As a group, research analysts anticipate 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 approved 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 purchase up to 39.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

HELE has been the subject of several research reports. DA Davidson increased their price target on shares of Helen of Troy from $71.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, November 25th. Canaccord Genuity Group reiterated a "buy" rating and issued a $84.00 price target on shares of Helen of Troy in a research note on Monday, October 7th.

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.