Clearline Capital LP Takes $12.73 Million Position in Helen of Troy Limited (NASDAQ:HELE)

Clearline Capital LP acquired a new stake in shares of Helen of Troy Limited (NASDAQ:HELE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 205,738 shares of the company’s stock, valued at approximately $12,725,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its stake in Helen of Troy by 374.6% during the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 221 shares during the last quarter. nVerses Capital LLC purchased a new stake in Helen of Troy during the second quarter valued at $28,000. Signaturefd LLC purchased a new stake in Helen of Troy during the third quarter valued at $61,000. Mercer Global Advisors Inc. ADV bought a new position in Helen of Troy in the second quarter valued at about $270,000. Finally, Verdence Capital Advisors LLC purchased a new position in Helen of Troy in the second quarter worth about $271,000.

Helen of Troy Stock Up 1.1 %

NASDAQ HELE opened at $73.33 on Monday. Helen of Troy Limited has a 52 week low of $48.05 and a 52 week high of $127.83. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.68 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 1.44 and a beta of 0.85. The stock’s 50-day moving average price is $65.63 and its 200-day moving average price is $71.47.

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

Helen of Troy declared that its board has approved a share buyback program on Thursday, September 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 39.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

HELE has been the subject of several research reports. DA Davidson upped their price target on shares of Helen of Troy from $71.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $84.00 target price on shares of Helen of Troy in a report on Monday, October 7th.

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.