Dark Forest Capital Management LP Acquires 12,657 Shares of Helen of Troy Limited (NASDAQ:HELE)

Dark Forest Capital Management LP grew its holdings in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 54.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,955 shares of the company's stock after buying an additional 12,657 shares during the quarter. Helen of Troy makes up 0.6% of Dark Forest Capital Management LP's portfolio, making the stock its 22nd largest position. Dark Forest Capital Management LP owned 0.16% of Helen of Troy worth $3,334,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HELE. Vanguard Personalized Indexing Management LLC acquired a new stake in Helen of Troy in the fourth quarter worth about $252,000. Norges Bank bought a new stake in Helen of Troy in the fourth quarter valued at about $27,380,000. Orion Portfolio Solutions LLC lifted its stake in Helen of Troy by 18.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,304 shares of the company's stock valued at $643,000 after buying an additional 841 shares during the period. Evoke Wealth LLC acquired a new stake in shares of Helen of Troy in the fourth quarter valued at approximately $412,000. Finally, Capital Research Global Investors lifted its position in shares of Helen of Troy by 6.9% in the fourth quarter. Capital Research Global Investors now owns 1,761,029 shares of the company's stock worth $212,750,000 after purchasing an additional 114,215 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HELE shares. StockNews.com lowered shares of Helen of Troy from a "buy" rating to a "hold" rating in a research note on Wednesday, July 10th. Canaccord Genuity Group reduced their price target on Helen of Troy from $137.00 to $84.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. UBS Group lowered their price target on Helen of Troy from $100.00 to $72.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 10th. Finally, DA Davidson cut shares of Helen of Troy from a "buy" rating to a "neutral" rating and cut their price target for the company from $139.00 to $67.00 in a research note on Wednesday, July 10th.

Helen of Troy Price Performance

HELE stock traded up $1.63 during midday trading on Thursday, reaching $59.18. 216,236 shares of the stock were exchanged, compared to its average volume of 425,362. Helen of Troy Limited has a 52 week low of $48.05 and a 52 week high of $127.83. The company has a fifty day moving average price of $55.33 and a 200 day moving average price of $84.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.87 and a quick ratio of 0.99. The stock has a market capitalization of $1.35 billion, a PE ratio of 9.02, a P/E/G ratio of 1.18 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.60). Helen of Troy had a net margin of 7.82% and a return on equity of 10.25%. The business had revenue of $416.80 million during the quarter, compared to the consensus estimate of $445.85 million. During the same quarter last year, the business earned $1.58 EPS. The firm's quarterly revenue was down 12.2% compared to the same quarter last year. As a group, analysts expect that Helen of Troy Limited will post 6.33 EPS 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.

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.