SG Americas Securities LLC Buys 3,186 Shares of Helen of Troy Limited (NASDAQ:HELE)

SG Americas Securities LLC increased its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 158.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,198 shares of the company’s stock after acquiring an additional 3,186 shares during the quarter. SG Americas Securities LLC’s holdings in Helen of Troy were worth $321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HELE. Systematic Financial Management LP grew its holdings in shares of Helen of Troy by 0.4% during the second quarter. Systematic Financial Management LP now owns 193,869 shares of the company’s stock valued at $17,979,000 after buying an additional 760 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Helen of Troy in the second quarter worth approximately $829,000. Scientech Research LLC lifted its holdings in shares of Helen of Troy by 22.4% in the second quarter. Scientech Research LLC now owns 5,401 shares of the company’s stock valued at $501,000 after purchasing an additional 987 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Helen of Troy by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 26,566 shares of the company’s stock valued at $2,464,000 after buying an additional 260 shares during the last quarter. Finally, Millennium Management LLC raised its position in Helen of Troy by 220.5% in the 2nd quarter. Millennium Management LLC now owns 32,709 shares of the company’s stock valued at $3,033,000 after buying an additional 22,504 shares during the last quarter.

Helen of Troy Stock Up 2.0 %

HELE stock opened at $68.04 on Friday. The company’s 50 day moving average is $58.18 and its 200 day moving average is $78.46. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86. The company has a current ratio of 1.77, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. Helen of Troy Limited has a 1-year low of $48.05 and a 1-year 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, topping analysts’ consensus estimates of $1.05 by $0.16. The firm had revenue of $474.20 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 EPS. Sell-side analysts predict that Helen of Troy Limited will post 6.33 EPS for the current fiscal year.

Helen of Troy announced that its Board of Directors has initiated a share buyback plan on Thursday, September 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 39.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

HELE has been the topic of several analyst reports. StockNews.com cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. DA Davidson increased their price target on Helen of Troy from $67.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. UBS Group cut their price objective on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a research note on Monday, October 7th.

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.