Oppenheimer Asset Management Inc. Sells 638 Shares of Helen of Troy Limited (NASDAQ:HELE)

Oppenheimer Asset Management Inc. cut its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,533 shares of the company’s stock after selling 638 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Helen of Troy were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HELE. Entropy Technologies LP purchased a new stake in shares of Helen of Troy in the third quarter valued at about $500,000. Principal Financial Group Inc. boosted its position in Helen of Troy by 37.9% in the third quarter. Principal Financial Group Inc. now owns 124,834 shares of the company’s stock worth $7,721,000 after purchasing an additional 34,318 shares during the last quarter. M&G PLC purchased a new stake in shares of Helen of Troy during the 3rd quarter valued at $11,702,000. Gladstone Institutional Advisory LLC raised its stake in shares of Helen of Troy by 6.6% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 58,318 shares of the company’s stock worth $3,607,000 after purchasing an additional 3,609 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in Helen of Troy by 395.5% during the third quarter. State of Alaska Department of Revenue now owns 13,018 shares of the company’s stock worth $805,000 after buying an additional 10,391 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HELE shares. DA Davidson increased their target price on shares of 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 price objective on shares of Helen of Troy in a research note on Monday, October 7th.

Helen of Troy Price Performance

HELE stock opened at $67.09 on Wednesday. The firm has a market capitalization of $1.53 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.28 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. The firm has a 50 day moving average of $63.62 and a 200-day moving average of $73.02. Helen of Troy Limited has a 12 month low of $48.05 and a 12 month high of $127.83.

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

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

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.