Algert Global LLC Invests $829,000 in Helen of Troy Limited (NASDAQ:HELE)

Algert Global LLC purchased a new position in shares of Helen of Troy Limited (NASDAQ:HELE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,943 shares of the company’s stock, valued at approximately $829,000.

Several other large investors also recently modified their holdings of the stock. Scientech Research LLC increased its stake in shares of Helen of Troy by 22.4% during the 2nd quarter. Scientech Research LLC now owns 5,401 shares of the company’s stock worth $501,000 after purchasing an additional 987 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Helen of Troy by 1.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,566 shares of the company’s stock valued at $2,464,000 after buying an additional 260 shares in the last quarter. Millennium Management LLC raised its holdings in Helen of Troy by 220.5% during the 2nd quarter. Millennium Management LLC now owns 32,709 shares of the company’s stock valued at $3,033,000 after acquiring an additional 22,504 shares during the period. Dark Forest Capital Management LP lifted its position in shares of Helen of Troy by 54.3% during the second quarter. Dark Forest Capital Management LP now owns 35,955 shares of the company’s stock worth $3,334,000 after acquiring an additional 12,657 shares in the last quarter. Finally, 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 worth $61,789,000 after acquiring an additional 17,741 shares during the period.

Helen of Troy Price Performance

Shares of NASDAQ HELE opened at $62.78 on Friday. The stock’s 50-day simple moving average is $55.92 and its two-hundred day simple moving average is $81.91. Helen of Troy Limited has a twelve month low of $48.05 and a twelve month high of $127.83. The firm has a market capitalization of $1.43 billion, a P/E ratio of 9.84, a P/E/G ratio of 1.18 and a beta of 0.86. The company has a quick ratio of 0.99, a current ratio of 1.87 and a debt-to-equity ratio of 0.40.

Helen of Troy (NASDAQ:HELE) last announced 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 net margin of 7.82% and a return on equity of 10.25%. The company had revenue of $416.80 million during the quarter, compared to analysts’ expectations of $445.85 million. During the same period in the prior year, the business earned $1.58 earnings per share. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that Helen of Troy Limited will post 6.33 EPS for the current fiscal year.

Helen of Troy announced that its board has authorized a share buyback plan on Thursday, September 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 39.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

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.