Amalgamated Bank Sells 4,762 Shares of Helen of Troy Limited (NASDAQ:HELE)

Amalgamated Bank decreased its stake in Helen of Troy Limited (NASDAQ:HELE) by 41.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,804 shares of the company’s stock after selling 4,762 shares during the period. Amalgamated Bank’s holdings in Helen of Troy were worth $421,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC bought a new stake in shares of Helen of Troy in the 2nd quarter worth approximately $29,749,000. Dimensional Fund Advisors LP increased its position in Helen of Troy by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock worth $106,970,000 after buying an additional 102,767 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Helen of Troy by 10.9% in the first quarter. Earnest Partners LLC now owns 648,515 shares of the company’s stock valued at $74,735,000 after buying an additional 63,595 shares during the period. Marshall Wace LLP lifted its position in shares of Helen of Troy by 1,178.7% during the 2nd quarter. Marshall Wace LLP now owns 51,302 shares of the company’s stock valued at $4,758,000 after buying an additional 47,290 shares during the last quarter. Finally, Capital International Investors grew its stake in shares of Helen of Troy by 14.2% during the 1st quarter. Capital International Investors now owns 360,102 shares of the company’s stock worth $41,498,000 after acquiring an additional 44,758 shares during the period.

Helen of Troy Price Performance

Shares of NASDAQ HELE opened at $64.92 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.77. Helen of Troy Limited has a fifty-two week low of $48.05 and a fifty-two week high of $127.83. The stock has a market cap of $1.48 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.27 and a beta of 0.85. The stock has a fifty day moving average of $63.16 and a 200-day moving average of $73.58.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, beating 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 business had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. During the same quarter in the previous year, the firm earned $1.45 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts anticipate that Helen of Troy Limited will post 6.35 earnings per share for the current year.

Helen of Troy announced that its board has authorized a share buyback program on Thursday, September 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 39.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HELE. 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. Canaccord Genuity Group reissued a “buy” rating and issued a $84.00 price target on shares of Helen of Troy in a research report on Monday, October 7th.

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.