Helen of Troy Limited (NASDAQ:HELE) Shares Sold by Fmr LLC

Fmr LLC cut its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 17.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,880,457 shares of the company’s stock after selling 602,088 shares during the period. Fmr LLC owned 12.61% of Helen of Troy worth $178,156,000 at the end of the most recent quarter.

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

Helen of Troy Stock Up 0.6 %

NASDAQ HELE opened at $73.79 on Tuesday. 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 quick ratio of 0.85 and a current ratio of 1.77. The business has a fifty day moving average price of $65.63 and a 200 day moving average price of $71.21. The company has a market cap of $1.69 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 (NASDAQ:HELE) last issued its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) 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 business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $458.85 million. During the same period last year, the company earned $1.45 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts anticipate that Helen of Troy Limited will post 6.37 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

HELE has been the subject of a number of recent research reports. DA Davidson raised their price target on shares of 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 reissued a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a 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.