Public Employees Retirement Association of Colorado Has $8.23 Million Stake in Helen of Troy Limited (NASDAQ:HELE)

Public Employees Retirement Association of Colorado cut its holdings in Helen of Troy Limited (NASDAQ:HELE) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,787 shares of the company’s stock after selling 302 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.39% of Helen of Troy worth $8,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HELE. Intech Investment Management LLC bought a new position in shares of Helen of Troy during the 2nd quarter worth about $497,000. Inspire Investing LLC boosted its holdings in Helen of Troy by 22.8% in the second quarter. Inspire Investing LLC now owns 3,788 shares of the company’s stock worth $351,000 after acquiring an additional 704 shares in the last quarter. Seven Eight Capital LP acquired a new stake in Helen of Troy in the second quarter valued at approximately $1,337,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Helen of Troy during the second quarter valued at approximately $270,000. Finally, Dimensional Fund Advisors LP raised its position 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 worth $106,970,000 after purchasing an additional 102,767 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HELE shares. DA Davidson downgraded shares of Helen of Troy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $139.00 to $67.00 in a research report on Wednesday, July 10th. UBS Group dropped their target price on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. StockNews.com downgraded Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group cut their price objective on shares of Helen of Troy from $137.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th.

Helen of Troy Stock Down 0.1 %

Helen of Troy stock opened at $59.67 on Friday. 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 company has a market capitalization of $1.36 billion, a P/E ratio of 9.35, a P/E/G ratio of 1.09 and a beta of 0.85. The firm has a 50 day moving average price of $55.47 and a 200-day moving average price of $85.77. Helen of Troy Limited has a twelve month low of $48.05 and a twelve month high of $127.83.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $445.85 million. During the same quarter in the previous year, the company posted $1.58 EPS. The firm’s revenue was down 12.2% compared to the same quarter last year. As a group, equities analysts predict that Helen of Troy Limited will post 6.33 EPS for the current year.

Helen of Troy declared that its board has approved a stock buyback program on Thursday, September 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 39.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management 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.