Helen of Troy Limited (NASDAQ:HELE) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 395.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,018 shares of the company's stock after buying an additional 10,391 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Helen of Troy worth $805,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. CWM LLC increased its position in shares of Helen of Troy by 374.6% during 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 last quarter. nVerses Capital LLC purchased a new stake in shares of Helen of Troy during the 2nd quarter valued at about $28,000. Signaturefd LLC purchased a new stake in shares of Helen of Troy during the 3rd quarter valued at about $61,000. Bessemer Group Inc. increased 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 valued at $67,000 after purchasing an additional 349 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Helen of Troy during the 1st quarter valued at about $201,000.

Wall Street Analysts Forecast Growth

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

Helen of Troy Stock Performance

Shares of NASDAQ:HELE traded down $1.65 during mid-day trading on Wednesday, reaching $63.38. 418,932 shares of the company traded hands, compared to its average volume of 447,035. Helen of Troy Limited has a 52 week low of $48.05 and a 52 week high of $127.83. 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 firm has a market cap of $1.45 billion, a PE ratio of 10.87, a PEG ratio of 1.27 and a beta of 0.85. The company's 50 day moving average price is $61.40 and its 200-day moving average price is $75.10.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $458.85 million. During the same period in the prior year, the firm earned $1.45 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities analysts expect that Helen of Troy Limited will post 6.35 EPS for the current fiscal year.

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

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.