Clearline Capital LP Purchases Shares of 205,738 Helen of Troy Limited (NASDAQ:HELE)

Clearline Capital LP acquired a new position in Helen of Troy Limited (NASDAQ:HELE) during the third quarter, according to its most recent filing with the SEC. The firm acquired 205,738 shares of the company’s stock, valued at approximately $12,725,000. Clearline Capital LP owned about 0.90% of Helen of Troy as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC boosted its holdings in Helen of Troy by 374.6% in the second quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 221 shares in the last quarter. The Manufacturers Life Insurance Company increased 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 period. nVerses Capital LLC purchased a new position in shares of Helen of Troy during the second quarter valued at about $28,000. Bank of Montreal Can raised its stake in Helen of Troy by 7.9% in the second quarter. Bank of Montreal Can now owns 7,839 shares of the company’s stock worth $779,000 after buying an additional 573 shares in the last quarter. Finally, Anchor Capital Advisors LLC lifted its holdings in Helen of Troy by 5.8% in the second quarter. Anchor Capital Advisors LLC now owns 10,926 shares of the company’s stock worth $1,013,000 after buying an additional 603 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. DA Davidson upped their target price on Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Canaccord Genuity Group reaffirmed 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 Price Performance

Shares of NASDAQ HELE opened at $73.33 on Monday. 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 company has a 50 day simple moving average of $65.63 and a two-hundred day simple moving average of $71.47. Helen of Troy Limited has a fifty-two week low of $48.05 and a fifty-two week high of $127.83. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.44 and a beta of 0.85.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $458.85 million. During the same quarter in the previous year, the business earned $1.45 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. Analysts expect that Helen of Troy Limited will post 6.37 EPS for the current fiscal year.

Helen of Troy announced that its Board of Directors has approved a stock buyback plan on Thursday, September 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 39.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is 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.