Graham Capital Management L.P. Invests $968,000 in Helen of Troy Limited $HELE

Key Points

• Graham Capital Management L.P. acquired 18,094 shares of Helen of Troy Limited for approximately $968,000, representing 0.08% of the company at the end of the most recent quarter.
• CFO Tracy Scheuerman and CEO Brian Grass both purchased 10,000 shares of the company's stock recently, indicating their confidence as insiders in the company's performance.
• Helen of Troy reported earnings of $0.41 per share for the last quarter, missing analyst estimates and showing a revenue decline of 10.8% compared to the previous year.

Graham Capital Management L.P. acquired a new position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,094 shares of the company's stock, valued at approximately $968,000. Graham Capital Management L.P. owned about 0.08% of Helen of Troy at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in shares of Helen of Troy in the first quarter worth $52,000. State of Wyoming boosted its position in Helen of Troy by 137.8% during the first 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 period. QRG Capital Management Inc. acquired a new position in Helen of Troy during the first quarter worth about $207,000. Point72 Asset Management L.P. bought a new position in shares of Helen of Troy during the 4th quarter worth approximately $257,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Helen of Troy during the 1st quarter worth $258,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HELE shares. Canaccord Genuity Group reissued a "hold" rating and set 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 decreased their price target on Helen of Troy from $32.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Helen of Troy currently has a consensus rating of "Hold" and a consensus price target of $44.33.

Helen of Troy Price Performance

Helen of Troy stock traded down $1.01 during mid-day trading on Monday, hitting $24.56. The company's stock had a trading volume of 438,970 shares, compared to its average volume of 705,008. The stock's fifty day moving average price is $24.62 and its two-hundred day moving average price is $33.08. Helen of Troy Limited has a twelve month low of $20.02 and a twelve month high of $77.95. The stock has a market capitalization of $563.41 million, a P/E ratio of -1.68 and a beta of 0.84. The company has a quick ratio of 0.74, a current ratio of 1.70 and a debt-to-equity ratio of 0.69.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued 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 firm had revenue of $371.66 million for the quarter, compared to the consensus estimate of $400.69 million. Helen of Troy had a positive return on equity of 8.96% and a negative net margin of 17.89%.Helen of Troy's quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share. Research analysts forecast that Helen of Troy Limited will post 6.46 earnings per share for the current year.

Insider Buying and Selling

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

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.