PDT Partners LLC Takes Position in Helen of Troy Limited (NASDAQ:HELE)

PDT Partners LLC purchased a new stake in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 42,517 shares of the company's stock, valued at approximately $2,630,000. PDT Partners LLC owned about 0.19% of Helen of Troy as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC lifted its holdings in shares of 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 acquiring an additional 221 shares during the period. The Manufacturers Life Insurance Company lifted its position in Helen of Troy by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,566 shares of the company's stock valued at $2,464,000 after purchasing an additional 260 shares during the period. nVerses Capital LLC acquired a new stake in shares of Helen of Troy in the 2nd quarter valued at approximately $28,000. Bank of Montreal Can raised its position in shares of Helen of Troy by 7.9% in the 2nd quarter. Bank of Montreal Can now owns 7,839 shares of the company's stock valued at $779,000 after acquiring an additional 573 shares during the period. Finally, Anchor Capital Advisors LLC increased its stake in Helen of Troy by 5.8% during the 2nd quarter. Anchor Capital Advisors LLC now owns 10,926 shares of the company's stock worth $1,013,000 after purchasing an additional 603 shares in the last quarter.

Helen of Troy Stock Performance

Helen of Troy stock traded up $0.82 during mid-day trading on Friday, hitting $73.33. 226,970 shares of the company's stock traded hands, compared to its average volume of 394,735. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85. Helen of Troy Limited has a fifty-two week low of $48.05 and a fifty-two week high of $127.83. The firm has a 50 day simple moving average of $65.63 and a two-hundred day simple moving average of $71.47. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.44 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $458.85 million. During the same quarter in the prior year, the company posted $1.45 earnings per share. Helen of Troy's revenue was down 3.5% compared to the same quarter last year. On average, research analysts expect that Helen of Troy Limited will post 6.37 EPS for the current fiscal year.

Helen of Troy declared that its board has authorized a stock repurchase program on Thursday, September 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 39.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

HELE has been the subject of a number of research reports. Canaccord Genuity Group reissued a "buy" rating and set a $84.00 target price on shares of Helen of Troy in a research note on Monday, October 7th. DA Davidson raised their target price on shares of Helen of Troy from $71.00 to $78.00 and gave the company a "neutral" rating in a research note on Monday, November 25th.

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.