UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 30,993 Shares of Helen of Troy Limited (NASDAQ:HELE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 116.0% during the 3rd quarter, Holdings Channel reports. The fund owned 57,716 shares of the company’s stock after buying an additional 30,993 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Helen of Troy were worth $3,570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Sector Pension Investment Board acquired a new position in Helen of Troy during the third quarter worth $2,994,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Helen of Troy during the third quarter worth about $1,775,000. BNP Paribas Financial Markets grew its stake in Helen of Troy by 49.5% during the third quarter. BNP Paribas Financial Markets now owns 7,405 shares of the company’s stock worth $458,000 after buying an additional 2,453 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Helen of Troy by 176.2% in the third quarter. Quantbot Technologies LP now owns 9,162 shares of the company’s stock worth $567,000 after acquiring an additional 5,845 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Helen of Troy by 14.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 410,078 shares of the company’s stock valued at $25,363,000 after buying an additional 53,016 shares during the last quarter.

Helen of Troy Trading Down 1.6 %

Shares of HELE opened at $69.19 on Friday. Helen of Troy Limited has a twelve month low of $48.05 and a twelve month high of $127.83. The stock has a market capitalization of $1.58 billion, a P/E ratio of 11.57, a PEG ratio of 1.43 and a beta of 0.88. The firm has a fifty day simple moving average of $67.75 and a two-hundred day simple moving average of $69.57. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.16. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The firm had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. During the same period in the previous year, the business posted $1.45 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts anticipate that Helen of Troy Limited will post 6.37 EPS for the current year.

Helen of Troy declared that its Board of Directors has authorized a stock repurchase plan 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 plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HELE shares. Canaccord Genuity Group restated a “buy” rating and set a $84.00 price target on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson lifted their target price on Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th.

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.