2,915 Shares in Helen of Troy Limited (NASDAQ:HELE) Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV bought a new position in shares of Helen of Troy Limited (NASDAQ:HELE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,915 shares of the company’s stock, valued at approximately $270,000.

Several other large investors have also bought and sold shares of the stock. SG Americas Securities LLC raised its position in Helen of Troy by 5.3% during the 1st quarter. SG Americas Securities LLC now owns 2,239 shares of the company’s stock worth $258,000 after purchasing an additional 112 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Helen of Troy by 1.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,271 shares of the company’s stock worth $1,299,000 after acquiring an additional 198 shares in the last quarter. CWM LLC raised its position in shares of Helen of Troy by 374.6% in the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Helen of Troy by 4.7% in the 1st quarter. ProShare Advisors LLC now owns 5,434 shares of the company’s stock worth $626,000 after acquiring an additional 246 shares in the last quarter. Finally, YHB Investment Advisors Inc. bought a new position in shares of Helen of Troy in the 1st quarter worth about $29,000.

Analyst Upgrades and Downgrades

HELE has been the subject of several research 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. DA Davidson lowered Helen of Troy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $139.00 to $67.00 in a research report on Wednesday, July 10th. StockNews.com lowered Helen of Troy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group decreased their target price on Helen of Troy from $137.00 to $84.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th.

Helen of Troy Stock Performance

Shares of Helen of Troy stock opened at $61.85 on Tuesday. Helen of Troy Limited has a one year low of $48.05 and a one year high of $127.83. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 1.18 and a beta of 0.85. The business has a 50-day simple moving average of $55.52 and a 200 day simple moving average of $82.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.87 and a quick ratio of 0.99.

Helen of Troy (NASDAQ:HELE) last issued its earnings results on Tuesday, July 9th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.60). The firm had revenue of $416.80 million during 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%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 earnings per share. On average, research analysts anticipate that Helen of Troy Limited will post 6.33 earnings per share for the current fiscal year.

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