M&G Plc Invests $11.70 Million in Helen of Troy Limited (NASDAQ:HELE)

M&G Plc bought a new stake in shares of Helen of Troy Limited (NASDAQ:HELE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 188,744 shares of the company’s stock, valued at approximately $11,702,000. M&G Plc owned about 0.83% of Helen of Troy as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HELE. BNP Paribas Financial Markets grew its stake in shares of Helen of Troy by 42.0% in the 1st quarter. BNP Paribas Financial Markets now owns 14,982 shares of the company’s stock worth $1,727,000 after acquiring an additional 4,431 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in Helen of Troy by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 20,782 shares of the company’s stock worth $2,395,000 after purchasing an additional 280 shares during the last quarter. Quantbot Technologies LP grew its position in Helen of Troy by 60.8% in the 1st quarter. Quantbot Technologies LP now owns 20,156 shares of the company’s stock worth $2,323,000 after purchasing an additional 7,624 shares in the last quarter. SG Americas Securities LLC increased its stake in Helen of Troy by 5.3% in the 1st quarter. SG Americas Securities LLC now owns 2,239 shares of the company’s stock valued at $258,000 after buying an additional 112 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Helen of Troy by 1.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,271 shares of the company’s stock worth $1,299,000 after buying an additional 198 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on HELE. 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. Canaccord Genuity Group reiterated a “buy” rating and issued a $84.00 target price on shares of Helen of Troy in a research note on Monday, October 7th.

Helen of Troy Trading Down 1.1 %

Shares of Helen of Troy stock opened at $62.71 on Friday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.29 and a beta of 0.85. Helen of Troy Limited has a 52-week low of $48.05 and a 52-week 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. The stock’s 50-day simple moving average is $61.81 and its 200 day simple moving average is $74.93.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $474.20 million during the quarter, compared to analysts’ expectations of $458.85 million. During the same period 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. As a group, research analysts anticipate that Helen of Troy Limited will post 6.35 EPS for the current year.

Helen of Troy declared that its board has approved a share repurchase plan on Thursday, September 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 39.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors 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.