Bank of New York Mellon Corp Has $8.91 Million Stock Holdings in Helen of Troy Limited (NASDAQ:HELE)

Bank of New York Mellon Corp cut its stake in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 52.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 166,651 shares of the company's stock after selling 182,554 shares during the period. Bank of New York Mellon Corp owned 0.73% of Helen of Troy worth $8,914,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Helen of Troy during the 4th quarter worth $3,367,000. Swiss National Bank increased its stake in Helen of Troy by 0.9% during the 4th quarter. Swiss National Bank now owns 45,000 shares of the company's stock worth $2,692,000 after acquiring an additional 400 shares during the period. American Century Companies Inc. increased its stake in Helen of Troy by 10.1% during the 4th quarter. American Century Companies Inc. now owns 49,293 shares of the company's stock worth $2,949,000 after acquiring an additional 4,528 shares during the period. Sei Investments Co. increased its stake in shares of Helen of Troy by 20.5% in the 4th quarter. Sei Investments Co. now owns 34,867 shares of the company's stock valued at $2,086,000 after purchasing an additional 5,920 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Helen of Troy in the 4th quarter valued at $317,000.

Analysts Set New Price Targets

Several research analysts have commented on the company. Canaccord Genuity Group reaffirmed a "hold" rating and set a $26.00 target price (down from $47.00) on shares of Helen of Troy in a report on Friday, July 11th. Wall Street Zen downgraded Helen of Troy from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, UBS Group dropped their price objective on 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.

Insider Buying and Selling at Helen of Troy

In related news, CFO Tracy Scheuerman bought 10,000 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were acquired at an average cost of $20.13 per share, for a total transaction of $201,300.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Grass acquired 10,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were acquired at an average price of $21.47 per share, for a total transaction of $214,700.00. Following the completion of the purchase, the chief executive officer owned 135,932 shares of the company's stock, valued at approximately $2,918,460.04. This represents a 7.94% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 20,435 shares of company stock worth $425,948 in the last quarter. Corporate insiders own 0.45% of the company's stock.

Helen of Troy Trading Down 1.1%

NASDAQ:HELE opened at $21.69 on Tuesday. The company has a market cap of $497.57 million, a P/E ratio of 3.67 and a beta of 0.87. The stock's fifty day moving average price is $27.75 and its two-hundred day moving average price is $42.17. 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.

Helen of Troy (NASDAQ:HELE - Get Free Report) last released its quarterly earnings results 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 during 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%. The company's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. As a group, analysts expect that Helen of Troy Limited will post 6.46 EPS for the current year.

About Helen of Troy

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.

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