Texas Permanent School Fund Corp Buys 2,346 Shares of Helen of Troy Limited (NASDAQ:HELE)

Texas Permanent School Fund Corp grew its stake in Helen of Troy Limited (NASDAQ:HELE) by 11.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,128 shares of the company’s stock after purchasing an additional 2,346 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Helen of Troy were worth $2,145,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cooke & Bieler LP raised its stake in Helen of Troy by 1.9% in the second quarter. Cooke & Bieler LP now owns 1,913,566 shares of the company’s stock worth $177,464,000 after buying an additional 36,095 shares in the last quarter. Capital Research Global Investors raised its position in shares of Helen of Troy by 6.9% in the 4th quarter. Capital Research Global Investors now owns 1,761,029 shares of the company’s stock worth $212,750,000 after acquiring an additional 114,215 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Helen of Troy by 1.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 920,098 shares of the company’s stock valued at $106,032,000 after purchasing an additional 13,206 shares during the period. Earnest Partners LLC boosted its position in shares of Helen of Troy by 10.9% during the first quarter. Earnest Partners LLC now owns 648,515 shares of the company’s stock valued at $74,735,000 after purchasing an additional 63,595 shares in the last quarter. Finally, Capital International Investors grew its stake in Helen of Troy by 14.2% in the first quarter. Capital International Investors now owns 360,102 shares of the company’s stock worth $41,498,000 after purchasing an additional 44,758 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HELE. DA Davidson cut shares of Helen of Troy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $139.00 to $67.00 in a report on Wednesday, July 10th. Canaccord Genuity Group cut their price objective on shares of Helen of Troy from $137.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. StockNews.com lowered shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, UBS Group cut their price target on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th.

Helen of Troy Stock Up 0.9 %

NASDAQ:HELE opened at $59.73 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.87. The firm has a market cap of $1.36 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.09 and a beta of 0.85. Helen of Troy Limited has a fifty-two week low of $48.05 and a fifty-two week high of $127.83. The firm has a 50-day simple moving average of $55.80 and a two-hundred day simple moving average of $87.29.

Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Tuesday, July 9th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.60). The firm had revenue of $416.80 million for the quarter, compared to the consensus estimate of $445.85 million. Helen of Troy had a net margin of 7.82% and a return on equity of 10.25%. Helen of Troy’s revenue was down 12.2% on a year-over-year basis. During the same period last year, the business earned $1.58 EPS. Analysts predict that Helen of Troy Limited will post 6.33 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 buyback $500.00 million in outstanding shares. This buyback authorization allows 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 stock is undervalued.

Helen of Troy 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.