Systematic Financial Management LP Raises Stock Position in Helen of Troy Limited (NASDAQ:HELE)

Systematic Financial Management LP boosted its holdings in Helen of Troy Limited (NASDAQ:HELE) by 17.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 226,879 shares of the company’s stock after buying an additional 33,010 shares during the period. Systematic Financial Management LP’s holdings in Helen of Troy were worth $14,032,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HELE. Pacer Advisors Inc. increased its stake in Helen of Troy by 30,278.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,069,940 shares of the company’s stock worth $66,176,000 after buying an additional 1,066,418 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in Helen of Troy in the 3rd quarter worth $35,962,000. William Blair Investment Management LLC purchased a new stake in Helen of Troy in the 2nd quarter worth $29,749,000. Invenomic Capital Management LP purchased a new stake in Helen of Troy in the 3rd quarter worth $14,303,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Helen of Troy during the 3rd quarter valued at about $13,800,000.

Helen of Troy Stock Down 1.6 %

Shares of NASDAQ:HELE opened at $72.25 on Friday. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. Helen of Troy Limited has a 12 month low of $48.05 and a 12 month high of $127.83. The company has a 50-day moving average price of $66.49 and a 200 day moving average price of $70.74. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.44 and a beta of 0.88.

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

Helen of Troy announced that its Board of Directors has initiated a stock buyback program on Thursday, September 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 39.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have commented on HELE shares. Canaccord Genuity Group reissued 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 increased their price objective on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, November 25th.

About Helen of Troy

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.