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.
Posted In: NewsBuybacksBriefs