Helen of Troy Limited (NASDAQ:HELE) Short Interest Down 5.3% in November

Helen of Troy Limited (NASDAQ:HELE - Get Free Report) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 2,140,000 shares, a decrease of 5.3% from the October 31st total of 2,260,000 shares. Approximately 9.5% of the company's shares are sold short. Based on an average daily volume of 609,900 shares, the short-interest ratio is presently 3.5 days.

Helen of Troy Price Performance

NASDAQ:HELE traded down $0.56 on Tuesday, reaching $73.23. The stock had a trading volume of 249,396 shares, compared to its average volume of 443,858. Helen of Troy has a 1-year low of $48.05 and a 1-year high of $127.83. The stock has a fifty day moving average price of $65.91 and a 200-day moving average price of $70.97. The company has a market capitalization of $1.67 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.45 and a beta of 0.88. 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 released its quarterly 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. The company 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 quarter in the prior year, the company earned $1.45 earnings per share. Research analysts forecast that Helen of Troy will post 6.37 EPS for the current year.

Helen of Troy declared that its board has approved a stock repurchase plan on Thursday, September 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 39.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HELE. DA Davidson raised their price objective on Helen of Troy from $71.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday, November 25th. Canaccord Genuity Group reissued a "buy" rating and set a $84.00 price objective on shares of Helen of Troy in a research note on Monday, October 7th.

Hedge Funds Weigh In On Helen of Troy

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of Helen of Troy by 30,278.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company's stock valued at $66,176,000 after purchasing an additional 1,066,418 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in Helen of Troy during the 3rd quarter worth approximately $35,962,000. William Blair Investment Management LLC acquired a new stake in Helen of Troy during the 2nd quarter worth approximately $29,749,000. Invenomic Capital Management LP acquired a new stake in Helen of Troy during the 3rd quarter worth approximately $14,303,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Helen of Troy during the 3rd quarter worth approximately $13,800,000.

About Helen of Troy

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.