Helen of Troy Limited (NASDAQ:HELE) Short Interest Update

Helen of Troy Limited (NASDAQ:HELE) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 2,140,000 shares, a decline of 5.3% from the October 31st total of 2,260,000 shares. Approximately 9.5% of the company’s stock are short sold. Based on an average trading volume of 609,900 shares, the short-interest ratio is currently 3.5 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. DA Davidson lifted their price objective 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 restated a “buy” rating and set a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th.

Institutional Investors Weigh In On Helen of Troy

A number of institutional investors have recently made changes to their positions in the company. CWM LLC boosted its position in Helen of Troy by 374.6% during the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares during the period. nVerses Capital LLC acquired a new position in Helen of Troy during the 2nd quarter valued at approximately $28,000. Public Employees Retirement System of Ohio boosted its position in Helen of Troy by 30.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock valued at $48,000 after purchasing an additional 182 shares during the period. Signaturefd LLC acquired a new position in Helen of Troy during the 3rd quarter valued at approximately $61,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Helen of Troy during the 2nd quarter valued at approximately $270,000.

Helen of Troy Price Performance

HELE stock opened at $73.43 on Thursday. Helen of Troy has a 52-week low of $48.05 and a 52-week high of $127.83. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.68 billion, a PE ratio of 12.25, a P/E/G ratio of 1.45 and a beta of 0.88. The stock’s 50 day moving average is $66.18 and its two-hundred day moving average is $70.72.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share 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 the consensus estimate of $458.85 million. During the same period in the previous year, the business earned $1.45 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. Analysts predict that Helen of Troy will post 6.37 earnings per share for the current fiscal year.

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

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.