Arizona PSPRS Trust Invests $2.07 Million in Helen of Troy Limited (NASDAQ:HELE)

Arizona PSPRS Trust purchased a new position in shares of Helen of Troy Limited (NASDAQ:HELE) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 33,500 shares of the company’s stock, valued at approximately $2,072,000. Helen of Troy accounts for about 0.1% of Arizona PSPRS Trust’s holdings, making the stock its 24th biggest position.

A number of other hedge funds have also bought and sold shares of HELE. Cooke & Bieler LP raised its holdings in shares of Helen of Troy by 1.9% during the second quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company’s stock worth $177,464,000 after purchasing an additional 36,095 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Helen of Troy by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock worth $106,970,000 after acquiring an additional 102,767 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Helen of Troy by 30,278.8% in the third quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock valued at $66,176,000 after acquiring an additional 1,066,418 shares during the period. Earnest Partners LLC grew its holdings in shares of Helen of Troy by 2.7% during the second quarter. Earnest Partners LLC now owns 666,256 shares of the company’s stock valued at $61,789,000 after purchasing an additional 17,741 shares during the last quarter. Finally, Pzena Investment Management LLC bought a new stake in shares of Helen of Troy in the 3rd quarter worth approximately $35,962,000.

Analyst Ratings Changes

HELE has been the topic of several analyst reports. DA Davidson increased their target price on Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Canaccord Genuity Group reissued a “buy” rating and issued a $84.00 price target on shares of Helen of Troy in a research note on Monday, October 7th.

Helen of Troy Stock Up 1.1 %

Shares of HELE stock opened at $73.33 on Monday. Helen of Troy Limited has a 1 year low of $48.05 and a 1 year high of $127.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.77. The business’s fifty day moving average is $65.63 and its 200-day moving average is $71.47. The stock has a market cap of $1.68 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.44 and a beta of 0.85.

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

Helen of Troy declared that its board has initiated a stock buyback program on Thursday, September 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 39.8% of its stock through open market purchases. Stock repurchase 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.