State of Alaska Department of Revenue Acquires 10,391 Shares of Helen of Troy Limited (NASDAQ:HELE)

State of Alaska Department of Revenue raised its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 395.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,018 shares of the company’s stock after acquiring an additional 10,391 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Helen of Troy worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC raised its holdings in Helen of Troy by 374.6% during the 2nd 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 stake in Helen of Troy during the 2nd quarter valued at $28,000. Signaturefd LLC bought a new stake in Helen of Troy during the 3rd quarter valued at $61,000. Bessemer Group Inc. raised its holdings in Helen of Troy by 153.7% during the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock valued at $67,000 after acquiring an additional 349 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Helen of Troy during the 1st quarter valued at $201,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HELE shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $84.00 price target on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson upped their price target on shares of Helen of Troy from $67.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. UBS Group decreased their price target on shares of Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, StockNews.com cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th.

Helen of Troy Stock Down 0.7 %

HELE opened at $65.03 on Wednesday. The stock has a market cap of $1.49 billion, a PE ratio of 10.87, a P/E/G ratio of 1.27 and a beta of 0.85. 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 Limited has a 52 week low of $48.05 and a 52 week high of $127.83. The business’s fifty day simple moving average is $61.16 and its 200 day simple moving average is $75.35.

Helen of Troy (NASDAQ:HELE) last released its earnings results on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.16. The business had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 earnings per share. As a group, research analysts expect that Helen of Troy Limited will post 6.35 earnings per share for the current fiscal year.

Helen of Troy declared that its Board of Directors has initiated a share buyback plan on Thursday, September 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 39.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Helen of Troy 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.