Helen of Troy Limited (NASDAQ:HELE) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,280 shares of the company’s stock after purchasing an additional 1,255 shares during the period. Franklin Resources Inc.’s holdings in Helen of Troy were worth $704,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of Helen of Troy by 30,278.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock worth $66,176,000 after buying an additional 1,066,418 shares during the last quarter. Pzena Investment Management LLC acquired a new position in Helen of Troy in the third quarter valued at approximately $35,962,000. William Blair Investment Management LLC bought a new stake in shares of Helen of Troy in the 2nd quarter worth approximately $29,749,000. Invenomic Capital Management LP acquired a new position in Helen of Troy during the 3rd quarter valued at approximately $14,303,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Helen of Troy during the 3rd quarter valued at approximately $13,800,000.

Helen of Troy Price Performance

Shares of NASDAQ HELE opened at $60.54 on Monday. The stock has a market cap of $1.38 billion, a P/E ratio of 10.12, a P/E/G ratio of 1.38 and a beta of 0.88. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45. The firm’s 50-day simple moving average is $66.83 and its 200 day simple moving average is $66.24. Helen of Troy Limited has a fifty-two week low of $48.05 and a fifty-two week high of $127.83.

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

Helen of Troy declared that its Board of Directors has authorized a stock 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 shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HELE shares. Canaccord Genuity Group reissued a “buy” rating and set a $84.00 price target on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson raised their price target on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, November 25th.

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.