28,700 Shares in Helen of Troy Limited (NASDAQ:HELE) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Helen of Troy Limited (NASDAQ:HELE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,700 shares of the company’s stock, valued at approximately $1,775,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.13% of Helen of Troy at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HELE. Pacer Advisors Inc. lifted its holdings in shares of Helen of Troy by 30,278.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock worth $66,176,000 after acquiring an additional 1,066,418 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Helen of Troy during the second quarter valued at about $289,000. Principal Financial Group Inc. lifted its stake in Helen of Troy by 37.9% during the third quarter. Principal Financial Group Inc. now owns 124,834 shares of the company’s stock worth $7,721,000 after purchasing an additional 34,318 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Helen of Troy by 2.7% in the 2nd quarter. Earnest Partners LLC now owns 666,256 shares of the company’s stock worth $61,789,000 after purchasing an additional 17,741 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of Helen of Troy during the 2nd quarter valued at about $829,000.

Analysts Set New Price Targets

HELE has been the subject of a number of recent research reports. DA Davidson boosted their target price on Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Canaccord Genuity Group restated a “buy” rating and issued a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th.

Helen of Troy Stock Up 1.1 %

HELE opened at $73.33 on Monday. The company has a market cap of $1.68 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.44 and a beta of 0.85. Helen of Troy Limited has a 12 month low of $48.05 and a 12 month high of $127.83. The business’s 50-day moving average price is $65.63 and its 200-day moving average price is $71.47. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings data on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, beating 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 firm had revenue of $474.20 million during the quarter, compared to the consensus estimate of $458.85 million. During the same quarter in the previous year, the company posted $1.45 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. On average, equities analysts expect that Helen of Troy Limited will post 6.37 EPS for the current year.

Helen of Troy declared that its board has initiated a share repurchase plan on Thursday, September 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 39.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are 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.