Helen of Troy Limited Announces New $500M Share Repurchase Authorization
Portfolio Pulse from Benzinga Newsdesk
Helen of Troy Limited has announced a new $500 million share repurchase authorization, effective August 20, 2024, for three years. This move aligns with the company's strategy to return capital to shareholders.
September 05, 2024 | 8:15 pm
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Helen of Troy Limited has authorized a $500 million share repurchase, effective August 2024, for three years. This indicates a strategic move to return capital to shareholders, potentially boosting stock prices.
The $500 million share repurchase authorization suggests that Helen of Troy is confident in its financial position and is committed to returning value to shareholders. This can lead to a positive short-term impact on the stock price as buybacks often reduce the number of shares outstanding, potentially increasing earnings per share and stock value.
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