Helen of Troy Limited (NASDAQ:HELE) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in Helen of Troy Limited (NASDAQ:HELE) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 535,883 shares of the company’s stock after selling 47,794 shares during the quarter. Geode Capital Management LLC owned about 2.35% of Helen of Troy worth $33,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV lifted its stake in shares of 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 valued at $2,920,000 after buying an additional 11,038 shares during the period. nVerses Capital LLC purchased a new position in shares of Helen of Troy during the 2nd quarter worth $28,000. Cooke & Bieler LP lifted its stake in shares of Helen of Troy by 1.9% during the 2nd quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company’s stock worth $177,464,000 after purchasing an additional 36,095 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Helen of Troy by 13.9% during the second quarter. Victory Capital Management Inc. now owns 8,393 shares of the company’s stock worth $778,000 after purchasing an additional 1,026 shares during the last quarter. Finally, Anchor Capital Advisors LLC grew its position in shares of Helen of Troy by 5.8% in the second quarter. Anchor Capital Advisors LLC now owns 10,926 shares of the company’s stock valued at $1,013,000 after purchasing an additional 603 shares during the period.

Helen of Troy Price Performance

Shares of Helen of Troy stock opened at $61.58 on Thursday. The business’s fifty day moving average price is $67.09 and its 200 day moving average price is $66.79. Helen of Troy Limited has a twelve month low of $48.05 and a twelve month high of $127.83. 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 $1.41 billion, a P/E ratio of 10.30, a PEG ratio of 1.38 and a beta of 0.88.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.16. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. As a group, research analysts anticipate that Helen of Troy Limited will post 6.37 earnings per share for the current year.

Helen of Troy declared that its Board of Directors has approved a share buyback plan on Thursday, September 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 39.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HELE. DA Davidson increased 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. Canaccord Genuity Group reiterated a “buy” rating and set a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th.

Helen of Troy Company 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.