Edgestream Partners L.P. Acquires New Shares in Helen of Troy Limited (NASDAQ:HELE)

Edgestream Partners L.P. bought a new position in shares of Helen of Troy Limited (NASDAQ:HELE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,566 shares of the company’s stock, valued at approximately $654,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HELE. Pacer Advisors Inc. grew its holdings in shares of Helen of Troy by 30,278.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock worth $66,176,000 after purchasing an additional 1,066,418 shares during the period. Pzena Investment Management LLC purchased a new position in Helen of Troy during the third quarter worth about $35,962,000. William Blair Investment Management LLC purchased a new stake in shares of Helen of Troy in the 2nd quarter valued at approximately $29,749,000. M&G PLC acquired a new position in shares of Helen of Troy in the 3rd quarter worth approximately $11,702,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Helen of Troy by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock worth $106,970,000 after purchasing an additional 102,767 shares during the period.

Analyst Upgrades and Downgrades

HELE has been the topic of a number of research analyst reports. DA Davidson boosted their target price 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 reiterated a “buy” rating and issued a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th.

Helen of Troy Price Performance

Helen of Troy stock opened at $72.25 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45. Helen of Troy Limited has a 52-week low of $48.05 and a 52-week high of $127.83. The firm has a market cap of $1.65 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 1.44 and a beta of 0.88. The company’s 50 day moving average is $66.49 and its two-hundred day moving average is $70.74.

Helen of Troy (NASDAQ:HELE) last announced 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 return on equity of 9.31% and a net margin of 7.35%. The business had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $458.85 million. During the same period last year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts expect that Helen of Troy Limited will post 6.37 EPS for the current fiscal year.

Helen of Troy declared that its Board of Directors has approved a share buyback program on Thursday, September 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 39.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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.