Deutsche Bank AG Has $2.12 Million Holdings in Helen of Troy Limited $HELE

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% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,642 shares of the company's stock after selling 16,490 shares during the quarter. Deutsche Bank AG owned approximately 0.17% of Helen of Troy worth $2,120,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Helen of Troy by 20.8% during the first quarter. Envestnet Asset Management Inc. now owns 149,625 shares of the company's stock valued at $8,003,000 after purchasing an additional 25,713 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Helen of Troy by 3,325.3% during the first quarter. Federated Hermes Inc. now owns 185,616 shares of the company's stock valued at $9,929,000 after purchasing an additional 180,197 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Helen of Troy by 111.3% during the fourth quarter. First Trust Advisors LP now owns 69,856 shares of the company's stock valued at $4,179,000 after purchasing an additional 36,795 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Helen of Troy by 7,625.2% during the first quarter. GAMMA Investing LLC now owns 37,390 shares of the company's stock valued at $20,000,000 after purchasing an additional 36,906 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake 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 purchasing an additional 162,460 shares in the last quarter.

Insider Buying and Selling at Helen of Troy

In other Helen of Troy news, CEO Brian Grass acquired 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, for a total transaction of $214,700.00. Following the purchase, the chief executive officer directly owned 135,932 shares of the company's stock, valued at $2,918,460.04. This trade represents a 7.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Tracy Scheuerman acquired 10,000 shares of Helen of Troy stock in a transaction on Tuesday, July 15th. The stock was acquired at an average price of $20.13 per share, with a total value of $201,300.00. Following the purchase, the chief financial officer directly owned 33,041 shares in the company, valued at approximately $665,115.33. This trade represents a 43.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 20,435 shares of company stock valued at $425,948 in the last quarter. 0.45% of the stock is currently owned by corporate insiders.

Helen of Troy Trading Up 1.5%

Shares of HELE stock opened at $24.38 on Thursday. The company has a market cap of $559.28 million, a P/E ratio of -1.68 and a beta of 0.86. The stock has a 50 day simple moving average of $25.24 and a two-hundred day simple moving average of $36.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.70. Helen of Troy Limited has a fifty-two week low of $20.02 and a fifty-two week high of $77.95.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its earnings results on Thursday, July 10th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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.

Wall Street Analysts Forecast Growth

HELE has been the subject of a number of analyst reports. Canaccord Genuity Group restated a "hold" rating and set a $26.00 price objective (down from $47.00) on shares of Helen of Troy in a research report on Friday, July 11th. UBS Group lowered their price objective on 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. Finally, Wall Street Zen downgraded Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $44.33.

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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