GAMMA Investing LLC Has $174,000 Stock Holdings in Helen of Troy Limited $HELE

GAMMA Investing LLC grew its position in Helen of Troy Limited (NASDAQ:HELE) by 774.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,114 shares of the company’s stock after purchasing an additional 5,415 shares during the period. GAMMA Investing LLC’s holdings in Helen of Troy were worth $174,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in Helen of Troy during the 1st quarter worth about $52,000. Parallel Advisors LLC raised its holdings in Helen of Troy by 2,820.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,752 shares of the company’s stock worth $50,000 after purchasing an additional 1,692 shares during the last quarter. State of Wyoming raised its holdings in Helen of Troy by 137.8% during the 1st quarter. State of Wyoming now owns 1,936 shares of the company’s stock worth $104,000 after purchasing an additional 1,122 shares during the last quarter. QRG Capital Management Inc. bought a new stake in Helen of Troy during the 1st quarter worth about $207,000. Finally, Hsbc Holdings PLC bought a new stake in Helen of Troy during the 1st quarter worth about $258,000.

Insider Buying and Selling

In other news, CFO Tracy Scheuerman purchased 10,000 shares of Helen of Troy stock in a transaction on Tuesday, July 15th. The stock was purchased at an average price of $20.13 per share, with a total value of $201,300.00. Following the transaction, the chief financial officer directly owned 33,041 shares in the company, valued at $665,115.33. The trade was a 43.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian Grass purchased 10,000 shares of Helen of Troy stock in a transaction 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 transaction, the chief executive officer owned 135,932 shares in the company, valued at approximately $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. In the last ninety days, insiders have acquired 20,435 shares of company stock valued at $425,948. Insiders own 0.45% of the company’s stock.

Helen of Troy Price Performance

NASDAQ HELE opened at $25.73 on Tuesday. The business has a 50 day simple moving average of $23.66 and a 200 day simple moving average of $29.55. Helen of Troy Limited has a 52-week low of $20.02 and a 52-week high of $77.95. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.70. The stock has a market cap of $590.25 million, a price-to-earnings ratio of -1.77 and a beta of 0.84.

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

Analysts Set New Price Targets

Several brokerages have weighed in on HELE. UBS Group dropped their price objective on Helen of Troy from $32.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Canaccord Genuity Group reissued a “hold” rating and set a $26.00 price objective (down from $47.00) on shares of Helen of Troy in a report on Friday, July 11th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Helen of Troy currently has an average rating of “Hold” and a consensus price target of $44.33.

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.