Capital Fund Management S.A. Sells 46,173 Shares of Helen of Troy Limited $HELE

Key Points

• Capital Fund Management S.A. sold 46,173 shares of Helen of Troy Limited, reducing its stake by 78.8% to 12,438 shares, valued at approximately $665,000.
• Several hedge funds, including HSBC Holdings and Wellington Management Group, modified their holdings, with some increasing their positions in Helen of Troy during the 1st quarter.
• Analysts have lowered price targets for Helen of Troy, with Canaccord Genuity setting a new target of $26.00, down from $47.00, as the company reported earnings below consensus expectations.

Capital Fund Management S.A. cut its holdings in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 78.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,438 shares of the company's stock after selling 46,173 shares during the quarter. Capital Fund Management S.A. owned approximately 0.05% of Helen of Troy worth $665,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP grew its holdings in Helen of Troy by 917.5% during the 4th quarter. Quarry LP now owns 814 shares of the company's stock valued at $49,000 after buying an additional 734 shares in the last quarter. IMA Advisory Services Inc. bought a new stake in Helen of Troy in the 1st quarter worth approximately $52,000. QRG Capital Management Inc. bought a new stake in Helen of Troy in the 1st quarter worth approximately $207,000. Point72 Asset Management L.P. purchased a new position in shares of Helen of Troy in the fourth quarter worth about $257,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Helen of Troy in the first quarter worth about $258,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group dropped their target price 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. Canaccord Genuity Group reissued a "hold" rating and set a $26.00 price objective (down previously from $47.00) on shares of Helen of Troy in a research note on Friday, July 11th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $44.33.

Helen of Troy Stock Performance

HELE traded up $0.24 during trading on Monday, hitting $24.55. The company's stock had a trading volume of 381,762 shares, compared to its average volume of 641,261. 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 Limited has a one year low of $20.02 and a one year high of $77.95. The firm has a market cap of $563.18 million, a PE ratio of -1.69 and a beta of 0.84. The business's 50 day simple moving average is $24.82 and its 200-day simple moving average is $33.96.

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 business 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 firm's revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, sell-side analysts predict that Helen of Troy Limited will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Brian Grass acquired 10,000 shares of Helen of Troy 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 completion of the transaction, the chief executive officer directly owned 135,932 shares in the company, valued at approximately $2,918,460.04. This represents a 7.94% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tracy Scheuerman acquired 10,000 shares of Helen of Troy 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 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 disclosure for this purchase can be found here. Over the last quarter, insiders acquired 20,435 shares of company stock valued at $425,948. Company insiders own 0.45% of the company's stock.

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.