Shares of Helen of Troy Limited (NASDAQ:HELE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $100.75 and last traded at $100.75, with a volume of 145,650 shares traded. The stock had previously closed at $99.90.
A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Helen of Troy Limited from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Sidoti restated a “buy” rating and set a $108.00 target price (down previously from $112.00) on shares of Helen of Troy Limited in a research report on Saturday, April 29th. Finally, Zacks Investment Research lowered shares of Helen of Troy Limited from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $102.75.
The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 21.74 and a beta of 0.95. The company’s 50-day moving average is $96.54 and its 200-day moving average is $94.66.
Helen of Troy Limited (NASDAQ:HELE) last released its earnings results on Monday, July 10th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.08. Helen of Troy Limited had a net margin of 8.23% and a return on equity of 17.70%. The business had revenue of $359.61 million during the quarter, compared to analyst estimates of $358.40 million. During the same quarter in the prior year, the firm earned $1.27 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts forecast that Helen of Troy Limited will post $6.73 EPS for the current fiscal year.
Helen of Troy Limited announced that its board has initiated a share buyback program on Monday, May 15th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
In other news, VP Richard J. Oppenheim sold 1,058 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $95.40, for a total transaction of $100,933.20. Following the transaction, the vice president now owns 756 shares of the company’s stock, valued at approximately $72,122.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.57% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in shares of Helen of Troy Limited by 18.1% in the first quarter. Victory Capital Management Inc. now owns 1,671 shares of the company’s stock valued at $157,000 after buying an additional 256 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Helen of Troy Limited by 85.0% in the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the company’s stock valued at $157,000 after buying an additional 765 shares during the last quarter. Citigroup Inc. boosted its position in shares of Helen of Troy Limited by 18.3% in the second quarter. Citigroup Inc. now owns 1,735 shares of the company’s stock valued at $163,000 after buying an additional 268 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Helen of Troy Limited during the fourth quarter valued at $178,000. Finally, Wealthsource Partners LLC purchased a new position in shares of Helen of Troy Limited during the first quarter valued at $200,000. 89.95% of the stock is currently owned by hedge funds and other institutional investors.
Helen of Troy Limited Company Profile
Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has four segments. The Housewares segment provides a range of consumer products for the home.
Receive News & Ratings for Helen of Troy Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helen of Troy Limited and related companies with our FREE daily email newsletter.