Helen of Troy Limited (HELE) announced on Thursday that its Board of Directors has authorized the repurchase of $500 million worth of its common shares.This authorization was part of the Board’s regular review of the company’s capital allocation and existing authorizations.Effective August 20, 2024, the new authorization will last for three years and will replace the existing repurchase authorization, which had approximately $245.3 million remaining at the time of the new approval.Overall, the $500 million share repurchase authorization equates to about 43% of the company’s outstanding common stock, based on the closing price on August 20, 2024.The material has been provided by InstaForex Company – www.instaforex.com
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