Helen Of Troy Plans $500M Share Buyback

Helen of Troy Ltd HELE Board of Directors has authorized the repurchase of $500 million of its outstanding common shares.
The buyback scheme is effective August 25, 2021, for a period of three years and replaces existing repurchase authorization in which $79.5 million remained available.
The new authorization represents ~9% of the company's outstanding common stock, based upon its closing price on August 25, 2021.
Helen of Troy had ~24.1 million shares outstanding as of August 25, 2021.
Price Action: HELE shares traded higher by 1.24% at $233.64 in premarket on the last check Friday.

Overview Rating:

Good

0100