Allspring Global Investments Holdings LLC Decreases Stake in Helen of Troy Limited (NASDAQ:HELE)

Allspring Global Investments Holdings LLC lessened its stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 89.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 91,121 shares of the company's stock after selling 787,223 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.40% of Helen of Troy worth $5,636,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cooke & Bieler LP raised its position in shares of Helen of Troy by 1.9% during the 2nd quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company's stock worth $177,464,000 after acquiring an additional 36,095 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Helen of Troy by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company's stock worth $106,970,000 after acquiring an additional 102,767 shares in the last quarter. Earnest Partners LLC raised its position in shares of Helen of Troy by 2.7% during the 2nd quarter. Earnest Partners LLC now owns 666,256 shares of the company's stock worth $61,789,000 after acquiring an additional 17,741 shares in the last quarter. Capital International Investors raised its position in shares of Helen of Troy by 14.2% during the 1st quarter. Capital International Investors now owns 360,102 shares of the company's stock worth $41,498,000 after acquiring an additional 44,758 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Helen of Troy during the 2nd quarter worth about $29,749,000.

Helen of Troy Stock Performance

Shares of NASDAQ:HELE traded up $1.49 during trading on Monday, reaching $66.03. The company had a trading volume of 315,021 shares, compared to its average volume of 449,621. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85. The stock's fifty day moving average price is $59.62 and its 200 day moving average price is $76.77. Helen of Troy Limited has a fifty-two week low of $48.05 and a fifty-two week high of $127.83.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.16. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. As a group, equities research analysts predict that Helen of Troy Limited will post 6.39 EPS for the current year.

Helen of Troy announced that its board has authorized a share buyback plan on Thursday, September 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 39.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

HELE has been the topic of several research analyst reports. UBS Group cut their target price 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. DA Davidson lifted their price target on Helen of Troy from $67.00 to $71.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $84.00 price target on shares of Helen of Troy in a research report on Monday, October 7th. Finally, StockNews.com lowered Helen of Troy from a "buy" rating to a "hold" rating in a research report on Wednesday, July 10th.

Helen of Troy 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.