Helen of Troy Limited (NASDAQ:HELE) Shares Sold by Barclays PLC

Barclays PLC lessened its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 30.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,913 shares of the company’s stock after selling 19,102 shares during the period. Barclays PLC’s holdings in Helen of Troy were worth $2,716,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Verdence Capital Advisors LLC acquired a new position in shares of Helen of Troy during the 2nd quarter worth $271,000. Azzad Asset Management Inc. ADV boosted its holdings in Helen of Troy by 54.0% during the second quarter. Azzad Asset Management Inc. ADV now owns 31,487 shares of the company’s stock worth $2,920,000 after buying an additional 11,038 shares in the last quarter. nVerses Capital LLC acquired a new position in Helen of Troy during the second quarter worth about $28,000. Cooke & Bieler LP increased its holdings in Helen of Troy by 1.9% in the second quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company’s stock valued at $177,464,000 after buying an additional 36,095 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Helen of Troy by 13.9% in the second quarter. Victory Capital Management Inc. now owns 8,393 shares of the company’s stock valued at $778,000 after buying an additional 1,026 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HELE shares. Canaccord Genuity Group restated 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 boosted their target price on Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th.

Helen of Troy Stock Down 0.2 %

Shares of NASDAQ HELE opened at $61.58 on Wednesday. The firm’s 50-day moving average is $67.21 and its two-hundred day moving average is $66.83. The company has a market capitalization of $1.41 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 1.38 and a beta of 0.88. Helen of Troy Limited has a 12-month low of $48.05 and a 12-month 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.

Helen of Troy (NASDAQ:HELE) last announced 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. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The firm had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $458.85 million. During the same quarter in the prior year, the firm earned $1.45 EPS. Helen of Troy’s quarterly revenue was down 3.5% on a year-over-year basis. Equities analysts anticipate that Helen of Troy Limited will post 6.37 EPS for the current fiscal year.

Helen of Troy declared that its board has initiated a share 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 purchase up to 39.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management 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.