Exchange Traded Concepts LLC Takes $315,000 Position in Helen of Troy Limited (NASDAQ:HELE)

Exchange Traded Concepts LLC acquired a new position in Helen of Troy Limited (NASDAQ:HELE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,092 shares of the company’s stock, valued at approximately $315,000.

Several other large investors also recently added to or reduced their stakes in the business. Inspire Investing LLC grew its position in shares of Helen of Troy by 75.5% during the 3rd quarter. Inspire Investing LLC now owns 6,649 shares of the company’s stock valued at $411,000 after acquiring an additional 2,861 shares during the period. Handelsbanken Fonder AB lifted its position in Helen of Troy by 48.5% during the third quarter. Handelsbanken Fonder AB now owns 7,351 shares of the company’s stock valued at $455,000 after purchasing an additional 2,400 shares in the last quarter. SG Americas Securities LLC lifted its position in Helen of Troy by 158.3% during the third quarter. SG Americas Securities LLC now owns 5,198 shares of the company’s stock valued at $321,000 after purchasing an additional 3,186 shares in the last quarter. Systematic Financial Management LP increased its position in Helen of Troy by 0.4% in the second quarter. Systematic Financial Management LP now owns 193,869 shares of the company’s stock worth $17,979,000 after buying an additional 760 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Helen of Troy in the second quarter worth about $829,000.

Helen of Troy Stock Up 2.0 %

NASDAQ HELE opened at $68.04 on Friday. The company has a current ratio of 1.77, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. Helen of Troy Limited has a 12 month low of $48.05 and a 12 month high of $127.83. The stock’s 50 day moving average is $58.18 and its 200 day moving average is $78.46. The stock has a market cap of $1.55 billion, a PE ratio of 10.66, a P/E/G ratio of 1.45 and a beta of 0.86.

Helen of Troy (NASDAQ:HELE) last released its earnings results on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.05 by $0.16. The firm had revenue of $474.20 million for the quarter, compared to the consensus estimate of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Research analysts predict that Helen of Troy Limited will post 6.33 EPS for the current fiscal year.

Helen of Troy declared that its Board of Directors has authorized a share buyback plan on Thursday, September 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits 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.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HELE. StockNews.com downgraded Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Canaccord Genuity Group reiterated a “buy” rating and issued a $84.00 price target on shares of Helen of Troy in a research report on Monday, October 7th. DA Davidson raised their price objective on shares of Helen of Troy from $67.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, UBS Group lowered their target price on shares of 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.

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.