New York State Teachers Retirement System Sells 1,992 Shares of Helen of Troy Limited (NASDAQ:HELE)

New York State Teachers Retirement System trimmed its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,045 shares of the company’s stock after selling 1,992 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of Helen of Troy worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its holdings in shares of Helen of Troy by 374.6% in the second quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares in the last quarter. nVerses Capital LLC bought a new stake in Helen of Troy during the 2nd quarter worth about $28,000. Signaturefd LLC acquired a new position in Helen of Troy during the 3rd quarter valued at about $61,000. Bessemer Group Inc. boosted its stake in shares of Helen of Troy by 153.7% in 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 bought a new stake in shares of Helen of Troy during the 1st quarter valued at $201,000.

Helen of Troy Price Performance

Shares of HELE opened at $62.48 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.29 and a beta of 0.85. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $61.99 and its 200 day simple moving average is $74.67. Helen of Troy Limited has a 1-year low of $48.05 and a 1-year high of $127.83.

Helen of Troy (NASDAQ:HELE) last announced its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter last year, the company earned $1.45 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, research analysts forecast that Helen of Troy Limited will post 6.35 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $84.00 target price on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson lifted their price objective on Helen of Troy from $67.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday, October 10th.

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.