Parallel Advisors LLC Purchases 1,692 Shares of Helen of Troy Limited $HELE

Parallel Advisors LLC boosted its position in Helen of Troy Limited (NASDAQ:HELE) by 2,820.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,752 shares of the company’s stock after purchasing an additional 1,692 shares during the period. Parallel Advisors LLC’s holdings in Helen of Troy were worth $50,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HELE. Armistice Capital LLC purchased a new position in Helen of Troy in the first quarter valued at about $19,845,000. Jacobs Levy Equity Management Inc. boosted its stake in Helen of Troy by 1,985.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 332,708 shares of the company’s stock valued at $17,797,000 after acquiring an additional 316,755 shares during the last quarter. Millennium Management LLC purchased a new position in Helen of Troy in the first quarter valued at about $14,013,000. Federated Hermes Inc. boosted its stake in Helen of Troy by 3,325.3% in the first quarter. Federated Hermes Inc. now owns 185,616 shares of the company’s stock valued at $9,929,000 after acquiring an additional 180,197 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in Helen of Troy in the first quarter valued at about $6,976,000.

Helen of Troy Stock Performance

NASDAQ HELE opened at $25.44 on Friday. Helen of Troy Limited has a 1 year low of $20.02 and a 1 year high of $77.95. 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 stock has a market capitalization of $583.59 million, a PE ratio of -1.75 and a beta of 0.84. The company’s 50 day simple moving average is $23.58 and its two-hundred day simple moving average is $30.03.

Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings data on Thursday, July 10th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.50). The company had revenue of $371.66 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. Analysts predict that Helen of Troy Limited will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Helen of Troy

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

Wall Street Analysts Forecast Growth

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

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.