Inspire Investing LLC Increases Position in Helen of Troy Limited (NASDAQ:HELE)

Inspire Investing LLC grew its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 22.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,788 shares of the company’s stock after acquiring an additional 704 shares during the period. Inspire Investing LLC’s holdings in Helen of Troy were worth $351,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new position in Helen of Troy during the second quarter valued at $29,749,000. Norges Bank purchased a new position in shares of Helen of Troy in the 4th quarter worth about $27,380,000. Capital Research Global Investors boosted its stake in Helen of Troy by 6.9% in the 4th quarter. Capital Research Global Investors now owns 1,761,029 shares of the company’s stock worth $212,750,000 after purchasing an additional 114,215 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Helen of Troy by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock valued at $106,970,000 after purchasing an additional 102,767 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of Helen of Troy by 1,351.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 89,940 shares of the company’s stock worth $10,866,000 after buying an additional 83,744 shares in the last quarter.

Helen of Troy Price Performance

NASDAQ HELE opened at $59.58 on Tuesday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.09 and a beta of 0.85. Helen of Troy Limited has a 1-year low of $48.05 and a 1-year high of $127.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.87 and a quick ratio of 0.99. The business’s fifty day moving average price is $55.44 and its 200-day moving average price is $85.07.

Helen of Troy (NASDAQ:HELE) last announced its earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.60). Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The firm had revenue of $416.80 million during the quarter, compared to analysts’ expectations of $445.85 million. During the same period in the previous year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, equities analysts predict that Helen of Troy Limited will post 6.33 earnings per share for the current year.

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

Analyst Ratings Changes

HELE has been the subject of several analyst reports. DA Davidson downgraded shares of Helen of Troy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $139.00 to $67.00 in a research report on Wednesday, July 10th. Canaccord Genuity Group lowered their price target on Helen of Troy from $137.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. StockNews.com downgraded Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, UBS Group lowered their target price on shares of Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th.

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.