48,400 Shares in Helen of Troy Limited (NASDAQ:HELE) Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board purchased a new stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 48,400 shares of the company's stock, valued at approximately $2,994,000. Public Sector Pension Investment Board owned approximately 0.21% of Helen of Troy at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HELE. CWM LLC boosted its stake in Helen of Troy by 374.6% in the 2nd quarter. CWM LLC now owns 280 shares of the company's stock valued at $26,000 after purchasing an additional 221 shares during the period. nVerses Capital LLC acquired a new stake in Helen of Troy in the second quarter valued at approximately $28,000. Signaturefd LLC acquired a new position in Helen of Troy in the 3rd quarter worth about $61,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Helen of Troy in the second quarter valued at approximately $270,000. Finally, Verdence Capital Advisors LLC bought a new position in shares of Helen of Troy during the second quarter valued at $271,000.

Helen of Troy Price Performance

Shares of Helen of Troy stock traded up $0.17 during trading on Wednesday, hitting $73.40. 290,002 shares of the stock traded hands, compared to its average volume of 443,155. Helen of Troy Limited has a 52 week low of $48.05 and a 52 week high of $127.83. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.45 and a beta of 0.88. The firm's fifty day moving average is $66.18 and its 200-day moving average is $70.72. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its earnings results on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, topping the consensus estimate 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 period last year, the company posted $1.45 EPS. The company's quarterly revenue was down 3.5% compared to the same quarter last year. Research analysts expect that Helen of Troy Limited will post 6.37 EPS for the current fiscal year.

Helen of Troy announced that its Board of Directors has initiated a share buyback program on Thursday, September 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 39.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HELE shares. Canaccord Genuity Group restated a "buy" rating and set a $84.00 target price on shares of Helen of Troy in a research report on Monday, October 7th. DA Davidson upped their target price on shares of Helen of Troy from $71.00 to $78.00 and gave the stock a "neutral" rating in a report 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.