Helen of Troy Limited (NASDAQ:HELE) Position Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 211.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,915 shares of the company’s stock after purchasing an additional 12,162 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Helen of Troy worth $1,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Entropy Technologies LP bought a new stake in shares of Helen of Troy in the 3rd quarter valued at approximately $500,000. Principal Financial Group Inc. lifted its stake in Helen of Troy by 37.9% in the third quarter. Principal Financial Group Inc. now owns 124,834 shares of the company’s stock valued at $7,721,000 after acquiring an additional 34,318 shares during the last quarter. M&G PLC bought a new stake in Helen of Troy in the third quarter worth approximately $11,702,000. Gladstone Institutional Advisory LLC increased its stake in shares of Helen of Troy by 6.6% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 58,318 shares of the company’s stock worth $3,607,000 after purchasing an additional 3,609 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Helen of Troy by 395.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 13,018 shares of the company’s stock valued at $805,000 after purchasing an additional 10,391 shares in the last quarter.

Wall Street Analysts Forecast Growth

HELE has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson upped their price target 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 Price Performance

Shares of Helen of Troy stock opened at $73.33 on Monday. Helen of Troy Limited has a 1-year low of $48.05 and a 1-year high of $127.83. The firm has a fifty day simple moving average of $65.63 and a 200-day simple moving average of $71.47. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.44 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, beating 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 company had revenue of $474.20 million during the quarter, compared to analysts’ expectations of $458.85 million. During the same period in the prior year, the company earned $1.45 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts expect that Helen of Troy Limited will post 6.37 earnings per share for the current year.

Helen of Troy announced that its Board of Directors has initiated a stock repurchase program on Thursday, September 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 39.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is 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.