PDT Partners LLC Purchases Shares of 42,517 Helen of Troy Limited (NASDAQ:HELE)

PDT Partners LLC acquired a new position in Helen of Troy Limited (NASDAQ:HELE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,517 shares of the company’s stock, valued at approximately $2,630,000. PDT Partners LLC owned approximately 0.19% of Helen of Troy at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC increased its stake in Helen of Troy by 374.6% in the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock worth $26,000 after buying an additional 221 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Helen of Troy during the second quarter worth about $28,000. Signaturefd LLC bought a new stake in Helen of Troy during the 3rd quarter valued at approximately $61,000. Mercer Global Advisors Inc. ADV purchased a new position in Helen of Troy in the 2nd quarter worth approximately $270,000. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Helen of Troy during the second quarter valued at approximately $271,000.

Helen of Troy Stock Up 1.1 %

Shares of NASDAQ HELE opened at $73.33 on Friday. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. Helen of Troy Limited has a 12-month low of $48.05 and a 12-month high of $127.83. The firm’s 50-day moving average price is $65.63 and its 200-day moving average price is $71.73. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.42 and a beta of 0.85.

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

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

Wall Street Analysts Forecast Growth

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

About Helen of Troy

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.