Net Worth Advisory Group Invests $413,000 in Helen of Troy Limited (NASDAQ:HELE)

Net Worth Advisory Group acquired a new stake in Helen of Troy Limited (NASDAQ:HELE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,673 shares of the company’s stock, valued at approximately $413,000.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of Helen of Troy by 374.6% during the second quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares in the last quarter. nVerses Capital LLC purchased a new stake in Helen of Troy during the 2nd quarter valued at about $28,000. Bessemer Group Inc. grew its stake in Helen of Troy by 153.7% during the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock valued at $67,000 after purchasing an additional 349 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Helen of Troy in the first quarter worth about $201,000. Finally, ARGA Investment Management LP acquired a new stake in shares of Helen of Troy during the first quarter worth about $218,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. DA Davidson increased 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. UBS Group decreased their price target on shares of 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. StockNews.com lowered Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $84.00 target price on shares of Helen of Troy in a research report on Monday, October 7th.

Helen of Troy Stock Up 2.0 %

Helen of Troy stock opened at $68.04 on Friday. The company has a market capitalization of $1.55 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 1.77. 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 moving average price of $58.18 and a 200 day moving average price of $78.46.

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, topping the consensus estimate of $1.05 by $0.16. Helen of Troy had a return on equity of 9.31% and a net margin of 7.35%. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter in the prior year, the company earned $1.45 EPS. Helen of Troy’s revenue was down 3.5% on a year-over-year basis. Research analysts expect that Helen of Troy Limited will post 6.33 earnings per share for the current year.

Helen of Troy announced that its Board of Directors has authorized a share 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 board of directors believes its shares are 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.