Helen of Troy Limited (NASDAQ:HELE) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its holdings in Helen of Troy Limited (NASDAQ:HELE) by 7.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,329 shares of the company’s stock after selling 443 shares during the period. Nisa Investment Advisors LLC’s holdings in Helen of Troy were worth $330,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its stake in shares of Helen of Troy by 395.5% in the third quarter. State of Alaska Department of Revenue now owns 13,018 shares of the company’s stock worth $805,000 after acquiring an additional 10,391 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Helen of Troy by 64.2% in the third quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the company’s stock valued at $680,000 after purchasing an additional 4,300 shares during the period. Signaturefd LLC acquired a new position in Helen of Troy during the 3rd quarter worth $61,000. Evernest Financial Advisors LLC purchased a new stake in Helen of Troy during the 3rd quarter worth about $775,000. Finally, Net Worth Advisory Group purchased a new stake in Helen of Troy during the 3rd quarter worth about $413,000.

Helen of Troy Stock Down 0.7 %

HELE stock opened at $65.03 on Wednesday. The stock has a market cap of $1.49 billion, a P/E ratio of 10.87, a PEG ratio of 1.27 and a beta of 0.85. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. Helen of Troy Limited has a twelve month low of $48.05 and a twelve month high of $127.83. The company’s 50 day moving average is $61.16 and its two-hundred day moving average is $75.35.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.05 by $0.16. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. Helen of Troy’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. Research analysts expect that Helen of Troy Limited will post 6.35 earnings per share for the current fiscal year.

Helen of Troy announced that its board has approved a stock repurchase plan on Thursday, September 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 39.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

HELE has been the subject of a number of analyst reports. UBS Group lowered their price objective on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Canaccord Genuity Group reiterated a “buy” rating and set a $84.00 price target on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson lifted their price objective on shares of Helen of Troy from $67.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, StockNews.com lowered Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th.

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.