Jacobs Levy Equity Management Inc. Makes New $1.06 Million Investment in Helen of Troy Limited (NASDAQ:HELE)

Jacobs Levy Equity Management Inc. purchased a new position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,174 shares of the company's stock, valued at approximately $1,062,000. Jacobs Levy Equity Management Inc. owned 0.08% of Helen of Troy as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in HELE. CWM LLC increased its holdings in Helen of Troy by 374.6% in the 2nd quarter. CWM LLC now owns 280 shares of the company's stock worth $26,000 after buying an additional 221 shares during the period. nVerses Capital LLC purchased a new stake in Helen of Troy in the second quarter valued at $28,000. Signaturefd LLC acquired a new stake in Helen of Troy during the 3rd quarter worth about $61,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Helen of Troy in the 2nd quarter valued at about $270,000. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Helen of Troy in the second quarter worth about $271,000.

Helen of Troy Price Performance

Helen of Troy stock traded up $0.62 during trading on Monday, reaching $73.32. The company had a trading volume of 166,846 shares, compared to its average volume of 441,175. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.77. The firm has a market capitalization of $1.68 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.43 and a beta of 0.88. Helen of Troy Limited has a 1-year low of $48.05 and a 1-year high of $127.83. The firm's 50-day simple moving average is $66.97 and its 200 day simple moving average is $70.01.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its quarterly 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. 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 for the quarter, compared to analyst estimates of $458.85 million. During the same period last year, the company posted $1.45 EPS. Helen of Troy's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate 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 share buyback plan on Thursday, September 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 39.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have commented on HELE. Canaccord Genuity Group restated a "buy" rating and issued a $84.00 price objective on shares of Helen of Troy in a research report on Monday, October 7th. DA Davidson raised their price target on shares of Helen of Troy from $71.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, November 25th.

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.