Helen of Troy Limited (NASDAQ:HELE) Stock Holdings Trimmed by Verition Fund Management LLC

Verition Fund Management LLC decreased its holdings in Helen of Troy Limited (NASDAQ:HELE) by 13.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 58,221 shares of the company’s stock after selling 8,768 shares during the quarter. Verition Fund Management LLC’s holdings in Helen of Troy were worth $3,601,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HELE. CWM LLC lifted its holdings in Helen of Troy by 374.6% in the second quarter. CWM LLC now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares during the period. nVerses Capital LLC bought a new stake in shares of Helen of Troy during the 2nd quarter worth about $28,000. Signaturefd LLC bought a new stake in shares of Helen of Troy during the 3rd quarter worth about $61,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Helen of Troy in the 2nd quarter worth approximately $270,000. Finally, Verdence Capital Advisors LLC bought a new position in shares of Helen of Troy in the second quarter valued at approximately $271,000.

Helen of Troy Stock Down 0.8 %

NASDAQ HELE opened at $73.23 on Wednesday. Helen of Troy Limited has a 12 month low of $48.05 and a 12 month high of $127.83. The company has a market capitalization of $1.67 billion, a P/E ratio of 12.25, a PEG ratio of 1.45 and a beta of 0.88. The company’s 50 day simple moving average is $65.91 and its 200 day simple moving average is $70.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.85.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.16. The company had revenue of $474.20 million for 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 firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. Equities research analysts expect that Helen of Troy Limited will post 6.37 earnings per share 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. DA Davidson boosted 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 reissued a “buy” rating and issued a $84.00 price objective on shares of Helen of Troy in a research note on Monday, October 7th.

About Helen of Troy

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.