Envestnet Asset Management Inc. Boosts Stake in Helen of Troy Limited (NASDAQ:HELE)

Envestnet Asset Management Inc. lifted its stake in Helen of Troy Limited (NASDAQ:HELE) by 20.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,625 shares of the company’s stock after purchasing an additional 25,713 shares during the period. Envestnet Asset Management Inc. owned 0.65% of Helen of Troy worth $8,003,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP increased its stake in Helen of Troy by 111.3% in the 4th quarter. First Trust Advisors LP now owns 69,856 shares of the company’s stock worth $4,179,000 after buying an additional 36,795 shares in the last quarter. GAMMA Investing LLC increased its stake in Helen of Troy by 7,625.2% in the 1st quarter. GAMMA Investing LLC now owns 37,390 shares of the company’s stock worth $20,000,000 after buying an additional 36,906 shares in the last quarter. Swiss National Bank increased its stake in Helen of Troy by 0.9% in the 4th quarter. Swiss National Bank now owns 45,000 shares of the company’s stock worth $2,692,000 after buying an additional 400 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Helen of Troy by 80.5% during the 4th quarter. Bank of America Corp DE now owns 364,180 shares of the company’s stock valued at $21,789,000 after purchasing an additional 162,460 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Helen of Troy by 446.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company’s stock valued at $38,695,000 after purchasing an additional 528,305 shares during the last quarter.

Insider Activity

In other Helen of Troy news, CFO Tracy Scheuerman acquired 10,000 shares of the business’s stock in a transaction on Tuesday, July 15th. The stock was bought at an average price of $20.13 per share, for a total transaction of $201,300.00. Following the acquisition, the chief financial officer owned 33,041 shares in the company, valued at approximately $665,115.33. The trade was a 43.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Grass purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was purchased at an average cost of $21.47 per share, with a total value of $214,700.00. Following the purchase, the chief executive officer owned 135,932 shares in the company, valued at approximately $2,918,460.04. This trade represents a 7.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 20,435 shares of company stock valued at $425,948. Insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

HELE has been the subject of several research reports. Wall Street Zen downgraded shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. UBS Group dropped their target price on Helen of Troy from $32.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $26.00 target price (down previously from $47.00) on shares of Helen of Troy in a research report on Friday, July 11th.

Helen of Troy Price Performance

NASDAQ HELE opened at $21.69 on Tuesday. The firm’s fifty day simple moving average is $27.75 and its two-hundred day simple moving average is $42.17. The company has a current ratio of 1.70, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69. Helen of Troy Limited has a 12-month low of $20.02 and a 12-month high of $77.95. The firm has a market capitalization of $497.57 million, a P/E ratio of -1.49 and a beta of 0.87.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Thursday, July 10th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.50). Helen of Troy had a negative net margin of 17.89% and a positive return on equity of 8.96%. The business had revenue of $371.66 million during the quarter, compared to analysts’ expectations of $400.69 million. During the same period in the previous year, the company posted $0.99 earnings per share. Helen of Troy’s revenue for the quarter was down 10.8% compared to the same quarter last year. Analysts forecast that Helen of Troy Limited will post 6.46 EPS for the current fiscal year.

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.