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

Several other hedge funds and other institutional investors have also modified their holdings of HELE. Canada Pension Plan Investment Board grew its position in Helen of Troy by 66.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the company's stock worth $30,000 after acquiring an additional 200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Helen of Troy by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,970 shares of the company's stock worth $776,000 after acquiring an additional 477 shares during the last quarter. Sterling Capital Management LLC grew its position in Helen of Troy by 844.7% during the 4th quarter. Sterling Capital Management LLC now owns 718 shares of the company's stock worth $43,000 after acquiring an additional 642 shares during the last quarter. Quarry LP grew its position in Helen of Troy by 917.5% during the 4th quarter. Quarry LP now owns 814 shares of the company's stock worth $49,000 after acquiring an additional 734 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in Helen of Troy by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 13,807 shares of the company's stock worth $826,000 after acquiring an additional 787 shares during the last quarter.

Insider Buying and Selling

In other Helen of Troy news, CFO Tracy Scheuerman acquired 10,000 shares of Helen of Troy stock in a transaction 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 completion of the purchase, the chief financial officer owned 33,041 shares in the company, valued at $665,115.33. The trade was a 43.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian Grass acquired 10,000 shares of Helen of Troy stock in a transaction on Tuesday, July 15th. The stock was acquired at an average cost of $21.47 per share, for a total transaction of $214,700.00. Following the completion of the purchase, the chief executive officer owned 135,932 shares of the company's stock, valued at approximately $2,918,460.04. The trade was a 7.94% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 20,435 shares of company stock worth $425,948. Insiders own 0.45% of the company's stock.

Helen of Troy Trading Down 1.3%

Shares of HELE traded down $0.3090 during trading hours on Monday, hitting $23.8010. 21,273 shares of the stock traded hands, compared to its average volume of 704,067. 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 1-year low of $20.02 and a 1-year high of $77.95. The firm has a market capitalization of $545.99 million, a PE ratio of -1.66 and a beta of 0.86. The business has a fifty day moving average of $25.08 and a 200-day moving average of $35.31.

Helen of Troy (NASDAQ:HELE - Get Free Report) last issued its quarterly earnings results on Thursday, July 10th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.50). Helen of Troy had a negative net margin of 17.89% and a positive return on equity of 8.96%. The firm had revenue of $371.66 million for the quarter, compared to analyst estimates of $400.69 million. During the same period last year, the company earned $0.99 EPS. The company's revenue was down 10.8% compared to the same quarter last year. Analysts expect that Helen of Troy Limited will post 6.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Canaccord Genuity Group restated a "hold" rating and set a $26.00 price target (down from $47.00) on shares of Helen of Troy in a research report on Friday, July 11th. Wall Street Zen lowered Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, UBS Group decreased their price target on 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average 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.