Hotchkis & Wiley Capital Management LLC Invests $13.80 Million in Helen of Troy Limited (NASDAQ:HELE)

Hotchkis & Wiley Capital Management LLC acquired a new stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 223,120 shares of the company's stock, valued at approximately $13,800,000. Hotchkis & Wiley Capital Management LLC owned about 0.98% of Helen of Troy at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its position 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 period. nVerses Capital LLC bought a new stake in Helen of Troy during the second quarter worth about $28,000. Signaturefd LLC bought a new stake in Helen of Troy during the third quarter worth about $61,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Helen of Troy in the second quarter worth about $270,000. Finally, Verdence Capital Advisors LLC bought a new position in shares of Helen of Troy in the second quarter worth about $271,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on HELE shares. DA Davidson increased their target price on shares of 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 reiterated a "buy" rating and issued a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th.

Helen of Troy Trading Up 0.3 %

NASDAQ HELE traded up $0.20 during trading hours on Wednesday, reaching $73.43. The company's stock had a trading volume of 476,642 shares, compared to its average volume of 443,998. The firm has a fifty day simple moving average of $66.18 and a 200-day simple moving average of $70.72. The stock has a market cap of $1.68 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.45 and a beta of 0.88. Helen of Troy Limited has a 52 week low of $48.05 and a 52 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 released its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.16. The business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. Equities analysts forecast that Helen of Troy Limited will post 6.37 earnings per share for the current fiscal year.

Helen of Troy announced that its Board of Directors has approved a stock repurchase program on Thursday, September 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 39.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

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.