Ancora Advisors LLC Increases Stock Position in Helen of Troy Limited $HELE

Key Points

• Ancora Advisors LLC increased its holdings in Helen of Troy Limited by 55.8%, owning 81,650 shares valued at approximately $4.37 million following their recent buying activity.
• CEO Brian Grass and CFO Tracy Scheuerman both purchased 10,000 shares of the company’s stock on July 15, increasing their ownership by 7.94% and 43.40%, respectively.
• Shares of Helen of Troy saw a 4.9% increase recently, with a current market cap of $594.68 million and a P/E ratio of -1.79.

Ancora Advisors LLC raised its holdings in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 55.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,650 shares of the company's stock after purchasing an additional 29,251 shares during the period. Ancora Advisors LLC owned 0.36% of Helen of Troy worth $4,367,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. IMA Advisory Services Inc. purchased a new stake in shares of Helen of Troy in the 1st quarter worth approximately $52,000. State of Wyoming boosted its stake in shares of Helen of Troy by 137.8% in the 1st quarter. State of Wyoming now owns 1,936 shares of the company's stock worth $104,000 after buying an additional 1,122 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Helen of Troy in the 1st quarter worth $207,000. Point72 Asset Management L.P. bought a new position in Helen of Troy in the 4th quarter worth $257,000. Finally, Hsbc Holdings PLC bought a new position in Helen of Troy in the 1st quarter worth $258,000.

Helen of Troy Stock Performance

NASDAQ:HELE traded down $1.03 during mid-day trading on Monday, hitting $24.54. The company's stock had a trading volume of 685,063 shares, compared to its average volume of 706,623. The business's fifty day moving average is $24.62 and its two-hundred day moving average is $33.08. The stock has a market cap of $562.95 million, a price-to-earnings ratio of -1.69 and a beta of 0.84. 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 issued its quarterly earnings data 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 firm had revenue of $371.66 million during the quarter, compared to analyst estimates 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 was down 10.8% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. Analysts anticipate that Helen of Troy Limited will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Helen of Troy news, CEO Brian Grass bought 10,000 shares of the firm's 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 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Tracy Scheuerman bought 10,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was acquired at an average cost of $20.13 per share, for a total transaction of $201,300.00. Following the completion of the purchase, the chief financial officer directly owned 33,041 shares in the company, valued at approximately $665,115.33. This represents a 43.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 20,435 shares of company stock worth $425,948 over the last three months. Corporate insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

HELE has been the subject of a number of research analyst reports. UBS Group cut 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. Canaccord Genuity Group reaffirmed a "hold" rating and set a $26.00 price target (down previously from $47.00) on shares of Helen of Troy in a research note on Friday, July 11th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Helen of Troy has an average rating of "Hold" and an average target price 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.