Charles Schwab Investment Management Inc. Has $27.84 Million Position in Helen of Troy Limited $HELE

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Helen of Troy Limited by 7.9% during the first quarter, holding about 520,422 shares valued at approximately $27.84 million.
• Helen of Troy reported an earnings per share (EPS) of $0.41 for the last quarter, missing analysts' expectations of $0.91 and showing a 10.8% decline in revenue year-over-year.
• Several hedge funds significantly increased their positions in Helen of Troy, including Canada Pension Plan Investment Board, which boosted its holdings by 66.7% during the fourth quarter.

Charles Schwab Investment Management Inc. increased its stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 520,422 shares of the company's stock after purchasing an additional 38,268 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.27% of Helen of Troy worth $27,837,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Earnest Partners LLC lifted its holdings in Helen of Troy by 18.6% in the fourth quarter. Earnest Partners LLC now owns 757,339 shares of the company's stock worth $45,312,000 after purchasing an additional 118,982 shares during the period. Pzena Investment Management LLC lifted its holdings in Helen of Troy by 7.2% in the first quarter. Pzena Investment Management LLC now owns 756,227 shares of the company's stock worth $40,451,000 after purchasing an additional 50,516 shares during the period. Bank of America Corp DE lifted its holdings in Helen of Troy by 80.5% in the fourth quarter. Bank of America Corp DE now owns 364,180 shares of the company's stock worth $21,789,000 after purchasing an additional 162,460 shares during the period. Janus Henderson Group PLC lifted its holdings in Helen of Troy by 49.9% in the fourth quarter. Janus Henderson Group PLC now owns 302,709 shares of the company's stock worth $18,111,000 after purchasing an additional 100,767 shares during the period. Finally, Northern Trust Corp lifted its holdings in Helen of Troy by 14.6% in the fourth quarter. Northern Trust Corp now owns 258,835 shares of the company's stock worth $15,486,000 after purchasing an additional 32,971 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HELE shares. Wall Street Zen downgraded shares of Helen of Troy from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Canaccord Genuity Group reissued a "hold" rating and issued a $26.00 price target (down from $47.00) on shares of Helen of Troy in a report on Friday, July 11th. Finally, UBS Group cut 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 report on Friday, July 11th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $44.33.

Insider Buying and Selling

In related news, CEO Brian Grass bought 10,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was purchased 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tracy Scheuerman acquired 10,000 shares of Helen of Troy stock in a transaction dated Tuesday, July 15th. The stock was acquired at an average cost of $20.13 per share, with a total value of $201,300.00. Following the completion of 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 position. The disclosure for this purchase can be found here. Insiders purchased 20,435 shares of company stock worth $425,948 in the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

Helen of Troy Trading Up 1.8%

HELE stock traded up $0.44 during mid-day trading on Monday, reaching $24.55. 790,197 shares of the stock traded hands, compared to its average volume of 644,893. The company has a current ratio of 1.70, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69. Helen of Troy Limited has a 52-week low of $20.02 and a 52-week high of $77.95. The company has a market cap of $563.18 million, a P/E ratio of -1.69 and a beta of 0.86. The stock's fifty day moving average is $25.02 and its 200-day moving average is $35.09.

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 analyst estimates of $400.69 million. Helen of Troy had a negative net margin of 17.89% and a positive return on equity of 8.96%. Helen of Troy's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. As a group, sell-side analysts expect that Helen of Troy Limited will post 6.46 earnings per share for the current 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.