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

Oppenheimer Asset Management Inc. lessened its holdings in Helen of Troy Limited (NASDAQ:HELE) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,533 shares of the company’s stock after selling 638 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Helen of Troy were worth $651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC increased its stake in Helen of Troy by 374.6% during the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares during the period. nVerses Capital LLC acquired a new position in shares of Helen of Troy in the 2nd quarter valued at approximately $28,000. Bessemer Group Inc. increased its stake in Helen of Troy by 153.7% in the first quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock valued at $67,000 after acquiring an additional 349 shares during the last quarter. Signaturefd LLC acquired a new position in Helen of Troy during the third quarter valued at approximately $61,000. Finally, MQS Management LLC bought a new stake in Helen of Troy during the first quarter worth $256,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on HELE shares. Canaccord Genuity Group reissued a “buy” rating and issued a $84.00 target price on shares of Helen of Troy in a report on Monday, October 7th. DA Davidson upped their price target on shares of Helen of Troy from $67.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th.

Helen of Troy Trading Up 2.5 %

HELE opened at $67.09 on Wednesday. Helen of Troy Limited has a twelve month low of $48.05 and a twelve month high of $127.83. The company has a fifty day moving average of $63.62 and a 200-day moving average of $73.02. The stock has a market cap of $1.53 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.28 and a beta of 0.85. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45.

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

Helen of Troy announced that its board has authorized a stock repurchase plan on Thursday, September 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 39.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management 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.