Jennison Associates LLC purchased a new position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,895 shares of the company's stock, valued at approximately $674,000.
A number of other hedge funds also recently bought and sold shares of the stock. Meeder Asset Management Inc. raised its holdings in shares of Helen of Troy by 54.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,754 shares of the company's stock valued at $480,000 after purchasing an additional 2,727 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Helen of Troy by 211.4% in the third quarter. Thrivent Financial for Lutherans now owns 17,915 shares of the company's stock valued at $1,108,000 after buying an additional 12,162 shares in the last quarter. Entropy Technologies LP purchased a new stake in Helen of Troy during the 3rd quarter worth about $500,000. Principal Financial Group Inc. boosted its position in shares of Helen of Troy by 37.9% during the 3rd quarter. Principal Financial Group Inc. now owns 124,834 shares of the company's stock worth $7,721,000 after acquiring an additional 34,318 shares in the last quarter. Finally, M&G PLC purchased a new position in shares of Helen of Troy in the 3rd quarter valued at about $11,702,000.
Helen of Troy Stock Performance
NASDAQ HELE traded up $0.86 on Friday, reaching $69.92. The stock had a trading volume of 906,133 shares, compared to its average volume of 366,530. 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 stock has a market cap of $1.60 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.36 and a beta of 0.85. The business's 50-day moving average price is $64.36 and its 200 day moving average price is $72.39. Helen of Troy Limited has a 12-month low of $48.05 and a 12-month high of $127.83.
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, topping 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 during the quarter, compared to analysts' expectations of $458.85 million. During the same quarter in the prior year, the business earned $1.45 EPS. Helen of Troy's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts expect that Helen of Troy Limited will post 6.35 earnings per share for the current year.
Helen of Troy declared that its Board of Directors has approved a share buyback program on Thursday, September 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to buy up to 39.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.
Analyst Ratings Changes
A number of brokerages recently issued reports on HELE. DA Davidson upped their price target on Helen of Troy from $67.00 to $71.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $84.00 target price on shares of Helen of Troy in a research report on Monday, October 7th.
View Our Latest Report on Helen of Troy
About Helen of Troy
(
Free Report)
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.
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