8,077 Shares in Helen of Troy Limited (NASDAQ:HELE) Purchased by Entropy Technologies LP

Entropy Technologies LP bought a new stake in shares of Helen of Troy Limited (NASDAQ:HELE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,077 shares of the company’s stock, valued at approximately $500,000.

Several other hedge funds also recently modified their holdings of HELE. CWM LLC lifted its holdings in Helen of Troy by 374.6% in the second quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after buying 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 $28,000. Signaturefd LLC bought a new position in shares of Helen of Troy in the 3rd quarter worth $61,000. Bessemer Group Inc. grew its stake in shares of Helen of Troy by 153.7% during the first quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock worth $67,000 after purchasing an additional 349 shares during the period. Finally, MQS Management LLC bought a new stake in Helen of Troy in the first quarter valued at about $256,000.

Helen of Troy Stock Performance

Shares of Helen of Troy stock opened at $64.92 on Friday. Helen of Troy Limited has a 12 month low of $48.05 and a 12 month high of $127.83. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.48 billion, a PE ratio of 10.86, a PEG ratio of 1.27 and a beta of 0.85. The stock’s fifty day simple moving average is $63.16 and its 200 day simple moving average is $73.71.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter last year, the firm posted $1.45 earnings per share. Helen of Troy’s revenue was down 3.5% compared to the same quarter last year. On average, research analysts predict that Helen of Troy Limited will post 6.35 EPS for the current year.

Helen of Troy announced that its Board of Directors has initiated 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 buy up to 39.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. DA Davidson raised their target price on Helen of Troy from $67.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Canaccord Genuity Group reissued a “buy” rating and set a $84.00 price objective on shares of Helen of Troy in a research note 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.