Helen of Troy Limited (NASDAQ:HELE) Position Boosted by Quantbot Technologies LP

Quantbot Technologies LP raised its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 176.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,162 shares of the company’s stock after purchasing an additional 5,845 shares during the period. Quantbot Technologies LP’s holdings in Helen of Troy were worth $567,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. CWM LLC boosted its position 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 acquiring an additional 221 shares during the period. nVerses Capital LLC bought a new position in Helen of Troy in the 2nd quarter valued at $28,000. Signaturefd LLC bought a new stake in Helen of Troy during the 3rd quarter worth about $61,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Helen of Troy in the second quarter valued at approximately $270,000. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Helen of Troy during the second quarter worth $271,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HELE. DA Davidson increased their price target on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $84.00 price target on shares of Helen of Troy in a research note on Monday, October 7th.

Helen of Troy Price Performance

Helen of Troy stock opened at $73.79 on Tuesday. The stock’s 50 day moving average is $65.63 and its 200 day moving average is $71.21. Helen of Troy Limited has a one year low of $48.05 and a one year high of $127.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85. The firm has a market cap of $1.69 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.44 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data 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. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.45 earnings per share. As a group, research analysts expect that Helen of Troy Limited will post 6.37 EPS for the current year.

Helen of Troy declared that its board has approved a stock buyback program on Thursday, September 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 39.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.