Helen of Troy Limited (NASDAQ:HELE) Shares Acquired by Scientech Research LLC

Scientech Research LLC boosted its holdings in Helen of Troy Limited (NASDAQ:HELE) by 22.4% during the 2nd quarter, Holdings Channel reports. The fund owned 5,401 shares of the company’s stock after acquiring an additional 987 shares during the quarter. Scientech Research LLC’s holdings in Helen of Troy were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Cooke & Bieler LP grew its stake in shares of Helen of Troy by 1.9% in 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 in the last quarter. Capital Research Global Investors grew its position in Helen of Troy by 6.9% in the 4th quarter. Capital Research Global Investors now owns 1,761,029 shares of the company’s stock valued at $212,750,000 after buying an additional 114,215 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Helen of Troy by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,414 shares of the company’s stock valued at $106,970,000 after buying an additional 102,767 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Helen of Troy by 1.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 920,098 shares of the company’s stock worth $106,032,000 after buying an additional 13,206 shares in the last quarter. Finally, Earnest Partners LLC raised its position in shares of Helen of Troy by 2.7% during the 2nd quarter. Earnest Partners LLC now owns 666,256 shares of the company’s stock worth $61,789,000 after buying an additional 17,741 shares in the last quarter.

Helen of Troy Trading Up 3.7 %

Shares of NASDAQ:HELE opened at $61.69 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.87. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 1.18 and a beta of 0.85. Helen of Troy Limited has a 1-year low of $48.05 and a 1-year high of $127.83. The company has a 50 day moving average price of $55.43 and a 200 day moving average price of $83.34.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Tuesday, July 9th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.60). The company had revenue of $416.80 million for the quarter, compared to the consensus estimate of $445.85 million. Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The business’s revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 earnings per share. On average, research analysts anticipate that Helen of Troy Limited will post 6.33 EPS for the current fiscal year.

Helen of Troy announced that its board has initiated a stock buyback program on Thursday, September 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 39.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently commented on HELE shares. Canaccord Genuity Group lowered their price objective on shares of Helen of Troy from $137.00 to $84.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. StockNews.com cut Helen of Troy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. UBS Group cut their price objective on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, DA Davidson cut Helen of Troy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $139.00 to $67.00 in a research note on Wednesday, July 10th.

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.