Thrivent Financial for Lutherans Purchases 12,162 Shares of Helen of Troy Limited (NASDAQ:HELE)

Thrivent Financial for Lutherans grew its position in Helen of Troy Limited (NASDAQ:HELE) by 211.4% in the third quarter, Holdings Channel.com reports. The fund owned 17,915 shares of the company’s stock after buying an additional 12,162 shares during the period. Thrivent Financial for Lutherans’ holdings in Helen of Troy were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. acquired a new stake in Helen of Troy during the second quarter worth $289,000. Principal Financial Group Inc. lifted its holdings in shares of Helen of Troy by 37.9% during the 3rd quarter. Principal Financial Group Inc. now owns 124,834 shares of the company’s stock worth $7,721,000 after acquiring an additional 34,318 shares during the period. Earnest Partners LLC boosted its position in shares of Helen of Troy by 2.7% during the 2nd quarter. Earnest Partners LLC now owns 666,256 shares of the company’s stock valued at $61,789,000 after acquiring an additional 17,741 shares in the last quarter. Algert Global LLC bought a new stake in Helen of Troy in the second quarter valued at about $829,000. Finally, Marshall Wace LLP raised its position in Helen of Troy by 1,178.7% in the second quarter. Marshall Wace LLP now owns 51,302 shares of the company’s stock worth $4,758,000 after purchasing an additional 47,290 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $84.00 price objective on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson boosted their price target on Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, November 25th.

Helen of Troy Trading Up 1.1 %

Shares of HELE stock opened at $73.33 on Monday. The company has a market capitalization of $1.68 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.44 and a beta of 0.85. Helen of Troy Limited has a 12-month low of $48.05 and a 12-month high of $127.83. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $65.63 and a 200 day moving average price of $71.47.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.16. The company had revenue of $474.20 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. Research analysts forecast that Helen of Troy Limited will post 6.37 earnings per share for the current fiscal year.

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

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.