Systematic Financial Management LP Acquires 33,010 Shares of Helen of Troy Limited (NASDAQ:HELE)

Systematic Financial Management LP increased its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 17.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,879 shares of the company’s stock after acquiring an additional 33,010 shares during the period. Systematic Financial Management LP owned approximately 0.99% of Helen of Troy worth $14,032,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CWM LLC boosted its stake in Helen of Troy by 374.6% during 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 bought a new stake in Helen of Troy during the second quarter worth about $28,000. Signaturefd LLC bought a new position in shares of Helen of Troy in the third quarter worth approximately $61,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Helen of Troy in the second quarter worth approximately $270,000. Finally, Verdence Capital Advisors LLC bought a new position in shares of Helen of Troy in the second quarter worth approximately $271,000.

Helen of Troy Price Performance

Shares of HELE opened at $72.25 on Friday. The firm has a market cap of $1.65 billion, a PE ratio of 12.08, a P/E/G ratio of 1.44 and a beta of 0.88. 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 firm has a fifty day simple moving average of $66.49 and a two-hundred day simple moving average of $70.74. Helen of Troy Limited has a 1-year low of $48.05 and a 1-year high of $127.83.

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

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

Analyst Ratings Changes

Several brokerages have recently issued reports on HELE. DA Davidson upped their target price on shares of Helen of Troy from $71.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Canaccord Genuity Group reiterated a “buy” rating and issued a $84.00 target price on shares of Helen of Troy in a research note on Monday, October 7th.

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.