Pacer Advisors Inc. Purchases 1,066,418 Shares of Helen of Troy Limited (NASDAQ:HELE)

Pacer Advisors Inc. increased its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 30,278.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,069,940 shares of the company’s stock after acquiring an additional 1,066,418 shares during the period. Pacer Advisors Inc. owned about 4.68% of Helen of Troy worth $66,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in HELE. Intech Investment Management LLC boosted its holdings in shares of Helen of Troy by 88.6% in the 3rd quarter. Intech Investment Management LLC now owns 10,099 shares of the company’s stock valued at $625,000 after purchasing an additional 4,743 shares in the last quarter. Pzena Investment Management LLC bought a new position in Helen of Troy in the third quarter valued at about $35,962,000. Jennison Associates LLC acquired a new position in Helen of Troy during the third quarter worth about $674,000. Meeder Asset Management Inc. increased its position in Helen of Troy by 54.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,754 shares of the company’s stock worth $480,000 after purchasing an additional 2,727 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Helen of Troy by 211.4% during the third quarter. Thrivent Financial for Lutherans now owns 17,915 shares of the company’s stock worth $1,108,000 after buying an additional 12,162 shares in the last quarter.

Helen of Troy Stock Performance

Shares of HELE stock opened at $69.05 on Friday. 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 52 week low of $48.05 and a 52 week high of $127.83. The firm has a 50 day moving average of $64.12 and a 200-day moving average of $72.95. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.32 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.16. The firm had revenue of $474.20 million during the quarter, compared to analysts’ expectations of $458.85 million. Helen of Troy had a net margin of 7.35% and a return on equity of 9.31%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. On average, equities analysts forecast that Helen of Troy Limited will post 6.35 earnings per share for the current year.

Helen of Troy declared that its Board of Directors has approved a share repurchase plan on Thursday, September 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 39.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

HELE has been the topic of a number of recent research reports. Canaccord Genuity Group reissued a “buy” rating and set a $84.00 price target on shares of Helen of Troy in a research note on Monday, October 7th. DA Davidson increased their price objective on Helen of Troy from $67.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday, October 10th.

Helen of Troy 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.