Amalgamated Bank Sells 4,762 Shares of Helen of Troy Limited (NASDAQ:HELE)

Amalgamated Bank reduced its holdings in Helen of Troy Limited (NASDAQ:HELE) by 41.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,804 shares of the company’s stock after selling 4,762 shares during the quarter. Amalgamated Bank’s holdings in Helen of Troy were worth $421,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of Helen of Troy by 5.3% in the 1st quarter. SG Americas Securities LLC now owns 2,239 shares of the company’s stock valued at $258,000 after acquiring an additional 112 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Helen of Troy by 1.7% in the first quarter. Russell Investments Group Ltd. now owns 40,262 shares of the company’s stock valued at $4,640,000 after purchasing an additional 684 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Helen of Troy by 4.7% during the first quarter. ProShare Advisors LLC now owns 5,434 shares of the company’s stock valued at $626,000 after purchasing an additional 246 shares during the period. Entropy Technologies LP bought a new position in shares of Helen of Troy during the 1st quarter worth about $239,000. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of Helen of Troy by 24.0% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,112 shares of the company’s stock valued at $2,202,000 after buying an additional 3,703 shares during the period.

Helen of Troy Trading Down 1.2 %

NASDAQ:HELE opened at $64.92 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85. Helen of Troy Limited has a one year low of $48.05 and a one year high of $127.83. The company has a market cap of $1.48 billion, a PE ratio of 10.86, a PEG ratio of 1.27 and a beta of 0.85. The firm has a 50-day moving average of $63.16 and a 200-day moving average of $73.58.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company posted $1.45 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities research analysts expect that Helen of Troy Limited will post 6.35 EPS for the current fiscal year.

Helen of Troy declared that its board has initiated a share buyback program on Thursday, September 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 39.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on HELE. DA Davidson upped their price target on Helen of Troy from $67.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a research 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.