Rhumbline Advisers Has $3.86 Million Holdings in Helen of Troy Limited $HELE

Rhumbline Advisers lessened its holdings in shares of Helen of Troy Limited (NASDAQ:HELE) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,141 shares of the company’s stock after selling 3,142 shares during the period. Rhumbline Advisers owned about 0.31% of Helen of Troy worth $3,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Earnest Partners LLC grew its position in shares of Helen of Troy by 3.1% during the 1st quarter. Earnest Partners LLC now owns 780,940 shares of the company’s stock worth $41,772,000 after purchasing an additional 23,601 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Helen of Troy by 7.2% during the 1st quarter. Pzena Investment Management LLC now owns 756,227 shares of the company’s stock worth $40,451,000 after acquiring an additional 50,516 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Helen of Troy by 7.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 520,422 shares of the company’s stock worth $27,837,000 after acquiring an additional 38,268 shares during the period. Armistice Capital LLC bought a new stake in shares of Helen of Troy during the 1st quarter worth approximately $19,845,000. Finally, Bank of America Corp DE lifted 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 worth $21,789,000 after acquiring an additional 162,460 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HELE shares. Canaccord Genuity Group reaffirmed a “hold” rating and set a $26.00 price target (down previously from $47.00) on shares of Helen of Troy in a report on Friday, July 11th. UBS Group cut their price target on shares of Helen of Troy from $32.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.33.

Insiders Place Their Bets

In other news, CFO Tracy Scheuerman bought 10,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was acquired at an average price of $20.13 per share, with a total value of $201,300.00. Following the completion of the purchase, the chief financial officer directly owned 33,041 shares of the company’s stock, valued at approximately $665,115.33. This represents a 43.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian Grass bought 10,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were 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 directly owned 135,932 shares of the company’s stock, valued at $2,918,460.04. The trade was a 7.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 20,435 shares of company stock valued at $425,948 in the last three months. 0.45% of the stock is owned by insiders.

Helen of Troy Price Performance

Shares of NASDAQ:HELE opened at $24.12 on Monday. The company has a market cap of $553.31 million, a price-to-earnings ratio of -1.66 and a beta of 0.84. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.70 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $23.87 and a 200 day simple moving average of $31.90. Helen of Troy Limited has a one year low of $20.02 and a one year high of $77.95.

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

Helen of Troy Company 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.