Inspire Investing LLC Buys 704 Shares of Helen of Troy Limited (NASDAQ:HELE)

Inspire Investing LLC lifted its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 22.8% in the second quarter, according to its most recent filing with the SEC. The fund 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.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HELE. CWM LLC boosted its holdings in shares of Helen of Troy by 374.6% in the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares in the last quarter. nVerses Capital LLC purchased a new stake in Helen of Troy in the second quarter worth approximately $28,000. YHB Investment Advisors Inc. bought a new position in Helen of Troy during the first quarter valued at approximately $29,000. Bessemer Group Inc. raised its stake in shares of Helen of Troy by 153.7% during the first quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock worth $67,000 after acquiring an additional 349 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Helen of Troy in the 1st quarter worth approximately $201,000.

Wall Street Analysts Forecast Growth

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

Helen of Troy Trading Down 0.2 %

Shares of HELE opened at $59.58 on Tuesday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 9.34, a PEG ratio of 1.09 and a beta of 0.85. Helen of Troy Limited has a twelve month low of $48.05 and a twelve month high of $127.83. The company has a quick ratio of 0.99, a current ratio of 1.87 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $55.44 and a two-hundred day simple moving average of $85.07.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $445.85 million. During the same quarter in the prior year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, research analysts anticipate that Helen of Troy Limited will post 6.33 EPS for the current year.

Helen of Troy declared that its Board of Directors has approved a share repurchase plan on Thursday, September 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 39.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership 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.