State Street Corp Acquires 31,582 Shares of Helen of Troy Limited (NASDAQ:HELE)

State Street Corp raised its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 894,681 shares of the company’s stock after purchasing an additional 31,582 shares during the quarter. State Street Corp owned 3.92% of Helen of Troy worth $55,336,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HELE. Cooke & Bieler LP lifted its holdings in Helen of Troy by 1.9% during the 2nd 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. Dimensional Fund Advisors LP raised its stake in shares of Helen of Troy by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock valued at $106,970,000 after acquiring an additional 102,767 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Helen of Troy by 30,278.8% during the third quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock valued at $66,176,000 after acquiring an additional 1,066,418 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Helen of Troy by 2.7% in the second quarter. Earnest Partners LLC now owns 666,256 shares of the company’s stock valued at $61,789,000 after purchasing an additional 17,741 shares during the period. Finally, Pzena Investment Management LLC bought a new position in Helen of Troy in the third quarter worth approximately $35,962,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson increased their price target 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. Canaccord Genuity Group reiterated a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a report on Monday, October 7th.

Helen of Troy Trading Down 4.7 %

NASDAQ HELE opened at $63.69 on Thursday. The firm has a market cap of $1.46 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.38 and a beta of 0.88. Helen of Troy Limited has a 52 week low of $48.05 and a 52 week high of $127.83. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average price of $67.87 and a 200 day moving average price of $68.26.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $458.85 million. During the same quarter in the prior year, the business posted $1.45 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast 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 stock 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 reacquire up to 39.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is 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.