Cornercap Investment Counsel Inc. Buys 1,161 Shares of Helen of Troy Limited (NASDAQ:HELE)

Cornercap Investment Counsel Inc. increased its position in shares of Helen of Troy Limited (NASDAQ:HELE) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,324 shares of the company’s stock after purchasing an additional 1,161 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Helen of Troy were worth $957,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of Helen of Troy by 5.3% during the 1st quarter. SG Americas Securities LLC now owns 2,239 shares of the company’s stock worth $258,000 after acquiring an additional 112 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Helen of Troy by 1.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,271 shares of the company’s stock worth $1,299,000 after purchasing an additional 198 shares during the last quarter. CWM LLC lifted 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 purchasing an additional 221 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Helen of Troy by 4.7% in the 1st quarter. ProShare Advisors LLC now owns 5,434 shares of the company’s stock valued at $626,000 after purchasing an additional 246 shares in the last quarter. Finally, YHB Investment Advisors Inc. bought a new position in shares of Helen of Troy in the 1st quarter valued at $29,000.

Helen of Troy Price Performance

Shares of HELE opened at $58.02 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.87 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.32 billion, a PE ratio of 9.09, a PEG ratio of 1.09 and a beta of 0.85. Helen of Troy Limited has a 12-month low of $48.05 and a 12-month high of $127.83. The business has a 50-day simple moving average of $56.40 and a two-hundred day simple moving average of $88.28.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Tuesday, July 9th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.60). Helen of Troy had a net margin of 7.82% and a return on equity of 10.25%. The firm had revenue of $416.80 million during the quarter, compared to analyst estimates of $445.85 million. During the same period in the prior year, the company earned $1.58 EPS. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. Analysts anticipate that Helen of Troy Limited will post 6.33 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

HELE has been the topic of several research analyst reports. UBS Group reduced their price objective on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. StockNews.com downgraded shares of Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Canaccord Genuity Group lowered their price objective on shares of Helen of Troy from $137.00 to $84.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, DA Davidson downgraded shares of Helen of Troy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $139.00 to $67.00 in a research note on Wednesday, July 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.