Helen of Troy Limited $HELE Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has reduced its holdings in Helen of Troy Limited by 29.4%, now owning approximately 39,642 shares valued at $2.12 million.
• CEO Brian Grass and CFO Tracy Scheuerman both recently purchased 10,000 shares of Helen of Troy stock, indicating strong insider confidence in the company.
• The company reported a significant drop in earnings per share for the last quarter, missing analyst estimates and showing a 10.8% decline in revenue compared to the previous year.

Deutsche Bank AG trimmed its position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,642 shares of the company's stock after selling 16,490 shares during the quarter. Deutsche Bank AG owned about 0.17% of Helen of Troy worth $2,120,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Earnest Partners LLC lifted its position in shares of Helen of Troy by 18.6% during the fourth quarter. Earnest Partners LLC now owns 757,339 shares of the company's stock valued at $45,312,000 after buying an additional 118,982 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Helen of Troy by 7.2% during the first quarter. Pzena Investment Management LLC now owns 756,227 shares of the company's stock valued at $40,451,000 after buying an additional 50,516 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Helen of Troy by 7.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 520,422 shares of the company's stock valued at $27,837,000 after buying an additional 38,268 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Helen of Troy by 80.5% during the fourth quarter. Bank of America Corp DE now owns 364,180 shares of the company's stock valued at $21,789,000 after buying an additional 162,460 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Helen of Troy by 49.9% during the fourth quarter. Janus Henderson Group PLC now owns 302,709 shares of the company's stock valued at $18,111,000 after buying an additional 100,767 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group decreased their price target on shares of Helen of Troy from $32.00 to $29.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $26.00 price objective (down from $47.00) on shares of Helen of Troy in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $44.33.

Insider Buying and Selling

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

Helen of Troy Stock Performance

HELE traded down $0.22 during trading on Tuesday, reaching $24.33. 909,453 shares of the company's stock were exchanged, compared to its average volume of 657,529. 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 $558.13 million, a P/E ratio of -1.68 and a beta of 0.86. The company's fifty day simple moving average is $24.97 and its 200-day simple moving average is $35.01.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its quarterly 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 analysts' expectations of $400.69 million. During the same period in the prior year, the business posted $0.99 earnings per share. The business's quarterly revenue was down 10.8% compared to the same quarter last year. As a group, research analysts predict that Helen of Troy Limited will post 6.46 earnings per share for the current fiscal year.

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.