Jacobs Levy Equity Management Inc. Invests $1.06 Million in Helen of Troy Limited (NASDAQ:HELE)

Jacobs Levy Equity Management Inc. bought a new stake in Helen of Troy Limited (NASDAQ:HELE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,174 shares of the company’s stock, valued at approximately $1,062,000. Jacobs Levy Equity Management Inc. owned approximately 0.08% of Helen of Troy at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. CWM LLC grew its position in Helen of Troy by 374.6% in the second 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. nVerses Capital LLC acquired a new position in Helen of Troy during the second quarter worth $28,000. Signaturefd LLC bought a new position in Helen of Troy during the third quarter valued at about $61,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Helen of Troy in the second quarter worth about $270,000. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Helen of Troy during the 2nd quarter worth about $271,000.

Helen of Troy Stock Up 0.6 %

HELE stock opened at $72.70 on Monday. The business’s 50-day simple moving average is $66.97 and its 200 day simple moving average is $70.01. 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 Limited has a twelve month low of $48.05 and a twelve month high of $127.83. The company has a market cap of $1.66 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.44 and a beta of 0.88.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.16. The company had revenue of $474.20 million during the quarter, compared to the consensus estimate of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. On average, research analysts anticipate that Helen of Troy Limited will post 6.37 earnings per share for the current year.

Helen of Troy declared that its board has approved a stock buyback program on Thursday, September 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 39.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

HELE has been the topic of a number of recent analyst reports. DA Davidson lifted their price target on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Canaccord Genuity Group reissued a “buy” rating and set a $84.00 price objective on shares of Helen of Troy in a research report on Monday, October 7th.

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.