Helen of Troy Limited $HELE Shares Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC significantly increased its holdings in Helen of Troy Limited by 1,392.7%, owning 97,148 shares worth approximately $5.2 million as of the latest SEC filing.
• During the recent earnings report, Helen of Troy reported an EPS of $0.41, missing estimates by ($0.50), alongside a 10.8% decline in revenue year-over-year.
• Several hedge funds, including Bank of America Corp DE which boosted its stake by 80.5%, have recently increased their positions in Helen of Troy, reflecting growing institutional interest.

Cubist Systematic Strategies LLC grew its position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 1,392.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 97,148 shares of the company's stock after purchasing an additional 90,640 shares during the quarter. Cubist Systematic Strategies LLC owned 0.42% of Helen of Troy worth $5,196,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of HELE. Earnest Partners LLC boosted its stake in shares of Helen of Troy by 3.1% during the 1st quarter. Earnest Partners LLC now owns 780,940 shares of the company's stock worth $41,772,000 after acquiring an additional 23,601 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Helen of Troy by 7.2% during the 1st quarter. Pzena Investment Management LLC now owns 756,227 shares of the company's stock worth $40,451,000 after acquiring an additional 50,516 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Helen of Troy by 7.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 520,422 shares of the company's stock worth $27,837,000 after acquiring an additional 38,268 shares in the last quarter. Armistice Capital LLC bought a new stake in shares of Helen of Troy during the 1st quarter worth $19,845,000. Finally, Bank of America Corp DE boosted its stake in shares of Helen of Troy by 80.5% during the 4th quarter. Bank of America Corp DE now owns 364,180 shares of the company's stock worth $21,789,000 after acquiring an additional 162,460 shares in the last quarter.

Helen of Troy Stock Performance

Shares of Helen of Troy stock opened at $25.92 on Thursday. The stock has a market cap of $594.68 million, a PE ratio of -1.79 and a beta of 0.84. The business has a fifty day simple moving average of $24.72 and a 200-day simple moving average of $33.84. 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 12 month low of $20.02 and a 12 month 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 EPS 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 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 business's quarterly revenue was down 10.8% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. On average, sell-side analysts anticipate that Helen of Troy Limited will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling at Helen of Troy

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

Analyst Ratings Changes

Several research firms have recently weighed in on HELE. Canaccord Genuity Group reissued a "hold" rating and set a $26.00 price objective (down from $47.00) on shares of Helen of Troy in a research note on Friday, July 11th. UBS Group reduced their price objective on Helen of Troy from $32.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $44.33.

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.

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