Fisher Asset Management LLC Sells 3,859 Shares of Helen of Troy Limited (NASDAQ:HELE)

Fisher Asset Management LLC lowered its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 413,114 shares of the company’s stock after selling 3,859 shares during the period. Fisher Asset Management LLC owned about 1.81% of Helen of Troy worth $25,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HELE. CWM LLC raised its holdings in shares of Helen of Troy by 374.6% in the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares in the last quarter. nVerses Capital LLC purchased a new stake in Helen of Troy during the second quarter worth $28,000. Signaturefd LLC bought a new stake in Helen of Troy during the 3rd quarter valued at $61,000. Bessemer Group Inc. increased its holdings in shares of Helen of Troy by 153.7% in the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock valued at $67,000 after acquiring an additional 349 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Helen of Troy in the 1st quarter worth $263,000.

Helen of Troy Trading Down 1.3 %

Shares of NASDAQ:HELE opened at $70.72 on Wednesday. The business’s 50-day moving average is $64.61 and its 200 day moving average is $72.18. 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 Limited has a 1 year low of $48.05 and a 1 year high of $127.83. The firm has a market capitalization of $1.62 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.38 and a beta of 0.85.

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, topping analysts’ consensus estimates of $1.05 by $0.16. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, research analysts predict that Helen of Troy Limited will post 6.35 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HELE shares. DA Davidson lifted their target price on Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Helen of Troy in a research report 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.