Short Interest in Helen of Troy Limited (NASDAQ:HELE) Rises By 11.2%

Helen of Troy Limited (NASDAQ:HELE) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 2,380,000 shares, a growth of 11.2% from the November 15th total of 2,140,000 shares. Approximately 10.6% of the company’s stock are sold short. Based on an average daily volume of 578,600 shares, the short-interest ratio is currently 4.1 days.

Institutional Investors Weigh In On Helen of Troy

Large investors have recently bought and sold shares of the business. 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 purchased a new position in shares of Helen of Troy in the 2nd quarter worth approximately $28,000. Public Employees Retirement System of Ohio increased its position in shares of Helen of Troy by 30.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 783 shares of the company’s stock valued at $48,000 after purchasing an additional 182 shares during the last quarter. Signaturefd LLC purchased a new stake in Helen of Troy during the 3rd quarter valued at $61,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Helen of Troy during the 2nd quarter valued at $270,000.

Analysts Set New Price Targets

A number of analysts have weighed in on HELE shares. DA Davidson raised their price objective on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Canaccord Genuity Group reissued a “buy” rating and set a $84.00 price target on shares of Helen of Troy in a research report on Monday, October 7th.

Helen of Troy Stock Down 1.1 %

HELE stock opened at $68.42 on Friday. The business’s 50-day moving average price is $67.87 and its 200-day moving average price is $69.08. The stock has a market cap of $1.56 billion, a P/E ratio of 11.44, a PEG ratio of 1.38 and a beta of 0.88. 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 has a twelve month low of $48.05 and a twelve month high of $127.83.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings results on Wednesday, October 9th. The company reported $1.21 earnings per share (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 business had revenue of $474.20 million during the quarter, compared to analyst estimates of $458.85 million. During the same quarter in the prior year, the business posted $1.45 EPS. Helen of Troy’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Helen of Troy will post 6.37 EPS for the current year.

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

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.