Earnest Partners LLC Has $41.77 Million Stake in Helen of Troy Limited $HELE

Key Points

• Earnest Partners LLC increased its stake in Helen of Troy Limited by 3.1%, owning approximately 780,940 shares valued at $41.77 million after acquiring an additional 23,601 shares.
• CEO Brian Grass and CFO Tracy Scheuerman both purchased 10,000 shares each, increasing their holdings by 7.94% and 43.40%, respectively, as of July 15.
• Recent analyst reports have downgraded Helen of Troy’s rating to “hold”, with consensus target prices dropping significantly, indicating a cautious outlook for the stock.

Earnest Partners LLC raised its position in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 780,940 shares of the company's stock after purchasing an additional 23,601 shares during the period. Earnest Partners LLC owned approximately 3.40% of Helen of Troy worth $41,772,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Quarry LP increased its position in shares of Helen of Troy by 917.5% during the fourth quarter. Quarry LP now owns 814 shares of the company's stock worth $49,000 after acquiring an additional 734 shares in the last quarter. IMA Advisory Services Inc. bought a new stake in shares of Helen of Troy during the first quarter worth $52,000. QRG Capital Management Inc. bought a new stake in shares of Helen of Troy during the first quarter worth $207,000. Point72 Asset Management L.P. bought a new stake in shares of Helen of Troy during the fourth quarter worth $257,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Helen of Troy during the first quarter worth $258,000.

Insider Activity

In other news, CEO Brian Grass 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 price 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 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 Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tracy Scheuerman 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 cost of $20.13 per share, with a total value of $201,300.00. Following the transaction, the chief financial officer directly owned 33,041 shares of the company's stock, valued at $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 ninety days. 0.45% of the stock is currently owned by company insiders.

Helen of Troy Stock Performance

NASDAQ:HELE traded up $0.24 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 current ratio of 1.70, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average of $24.88 and a two-hundred day moving average of $34.19. The firm has a market capitalization of $563.25 million, a P/E ratio of -1.69 and a beta of 0.84. Helen of Troy Limited has a one year low of $20.02 and a one year high of $77.95.

Helen of Troy (NASDAQ:HELE - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.50). The company had revenue of $371.66 million for 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 period last year, the firm earned $0.99 earnings per share. Research analysts predict that Helen of Troy Limited will post 6.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HELE. Canaccord Genuity Group reissued a "hold" rating and issued a $26.00 price objective (down previously from $47.00) on shares of Helen of Troy in a research report on Friday, July 11th. UBS Group cut their price objective on shares of Helen of Troy from $32.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Helen of Troy presently has a consensus rating of "Hold" and a consensus 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.