Stock Repurchase Plan Authorized by Helen of Troy (NASDAQ:HELE)

Helen of Troy (NASDAQ:HELE) announced that its Board of Directors has initiated a share repurchase program on Thursday, September 5th, RTT News reports. The company plans to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 39.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HELE shares. StockNews.com lowered shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. UBS Group cut their price target on shares of Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. DA Davidson lowered shares of Helen of Troy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $139.00 to $67.00 in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group cut their price target on shares of Helen of Troy from $137.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th.

Helen of Troy Trading Up 0.4 %

NASDAQ:HELE opened at $55.03 on Tuesday. The company has a 50-day moving average price of $59.19 and a 200-day moving average price of $89.71. Helen of Troy has a 12 month low of $48.05 and a 12 month high of $127.83. The company has a current ratio of 1.87, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 1.08 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Tuesday, July 9th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.60). Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The company had revenue of $416.80 million during the quarter, compared to analysts’ expectations of $445.85 million. During the same period in the prior year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. Equities analysts predict that Helen of Troy will post 6.33 EPS for the current year.

About Helen of Troy

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.