Helen of Troy Limited (NASDAQ:HELE) Shares Bought by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC grew its stake in Helen of Troy Limited (NASDAQ:HELE) by 6.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 58,318 shares of the company’s stock after purchasing an additional 3,609 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Helen of Troy were worth $3,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cooke & Bieler LP increased its stake in shares of Helen of Troy by 1.9% in the 2nd quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company’s stock valued at $177,464,000 after purchasing an additional 36,095 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in 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 buying an additional 102,767 shares in the last quarter. Earnest Partners LLC grew its position in shares of Helen of Troy by 2.7% in 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 in the last quarter. Capital International Investors grew its position in shares of Helen of Troy by 14.2% in the first quarter. Capital International Investors now owns 360,102 shares of the company’s stock valued at $41,498,000 after purchasing an additional 44,758 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Helen of Troy in the second quarter valued at approximately $29,749,000.

Analysts Set New Price Targets

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

Helen of Troy Stock Performance

Shares of HELE stock opened at $64.78 on Friday. The stock’s 50-day moving average is $60.93 and its two-hundred day moving average is $75.88. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.26 and a beta of 0.86. 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.

Helen of Troy (NASDAQ:HELE) last announced its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share 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 business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $458.85 million. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. Analysts predict that Helen of Troy Limited will post 6.35 earnings per share for the current year.

Helen of Troy announced that its Board of Directors has authorized a stock repurchase program on Thursday, September 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 39.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.