State Street Corp Increases Position in Helen of Troy Limited (NASDAQ:HELE)

State Street Corp lifted its position in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 3.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 894,681 shares of the company's stock after purchasing an additional 31,582 shares during the quarter. State Street Corp owned 3.92% of Helen of Troy worth $55,336,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Systematic Financial Management LP grew its position in Helen of Troy by 17.0% during the third quarter. Systematic Financial Management LP now owns 226,879 shares of the company's stock valued at $14,032,000 after acquiring an additional 33,010 shares during the last quarter. QSV Equity Investors LLC grew its holdings in shares of Helen of Troy by 59.7% during the 3rd quarter. QSV Equity Investors LLC now owns 19,553 shares of the company's stock valued at $1,209,000 after purchasing an additional 7,313 shares during the last quarter. Invenomic Capital Management LP purchased a new position in Helen of Troy in the 3rd quarter worth $14,303,000. Jacobs Levy Equity Management Inc. bought a new stake in Helen of Troy in the third quarter worth $1,062,000. Finally, Janus Henderson Group PLC boosted its position in Helen of Troy by 1,693.4% during the third quarter. Janus Henderson Group PLC now owns 201,942 shares of the company's stock valued at $12,490,000 after buying an additional 190,682 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Canaccord Genuity Group reiterated a "buy" rating and issued a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson boosted their price objective on Helen of Troy from $71.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, November 25th.

Helen of Troy Trading Down 2.4 %

NASDAQ:HELE traded down $1.54 during mid-day trading on Thursday, reaching $62.15. 297,801 shares of the company's stock traded hands, compared to its average volume of 438,694. The company has a 50 day moving average price of $67.66 and a 200-day moving average price of $68.22. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.38 and a beta of 0.88. 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 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 data 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 business had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. During the same period in the prior year, the business earned $1.45 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts predict that Helen of Troy Limited will post 6.37 earnings per share for the current year.

Helen of Troy declared that its board has approved a share buyback plan on Thursday, September 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 39.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Helen of Troy Company 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.