Helen of Troy Limited (NASDAQ:HELE) Stake Increased by Millennium Management LLC

Millennium Management LLC raised its position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 220.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,709 shares of the company's stock after buying an additional 22,504 shares during the quarter. Millennium Management LLC owned about 0.14% of Helen of Troy worth $3,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its stake in Helen of Troy by 374.6% during the second quarter. CWM LLC now owns 280 shares of the company's stock valued at $26,000 after buying an additional 221 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Helen of Troy during the 2nd quarter worth approximately $28,000. Bessemer Group Inc. raised its position in shares of Helen of Troy by 153.7% during the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company's stock worth $67,000 after purchasing an additional 349 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Helen of Troy during the 1st quarter worth approximately $201,000. Finally, ARGA Investment Management LP acquired a new stake in shares of Helen of Troy during the 1st quarter worth approximately $218,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on HELE shares. Canaccord Genuity Group reiterated a "buy" rating and set a $84.00 price target on shares of Helen of Troy in a research report on Monday, October 7th. DA Davidson increased their price objective on Helen of Troy from $67.00 to $71.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. StockNews.com lowered Helen of Troy from a "buy" rating to a "hold" rating in a report on Wednesday, July 10th. Finally, UBS Group decreased their price objective on Helen of Troy from $100.00 to $72.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th.

Helen of Troy Price Performance

NASDAQ HELE traded up $0.28 on Tuesday, reaching $68.78. 517,476 shares of the stock traded hands, compared to its average volume of 451,380. The firm's fifty day simple moving average is $57.38 and its 200 day simple moving average is $79.17. The company has a quick ratio of 0.99, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.45 and a beta of 0.86. 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.16. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The firm had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. During the same period last year, the company posted $1.45 EPS. The firm's quarterly revenue was down 3.5% on a year-over-year basis. As a group, research analysts predict 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 share repurchase plan on Thursday, September 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 39.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are 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.