Helen of Troy Limited $HELE Shares Sold by Villanova Investment Management Co LLC

Key Points

• Villanova Investment Management Co LLC reduced its stake in Helen of Troy Limited by 54.2%, ending with 10,125 shares valued at approximately $542,000.
• Insider transactions revealed that both the CFO and CEO purchased 10,000 shares each, indicating a 43.4% and 7.94% increase in their holdings, respectively.
• Analysts have lowered price targets for Helen of Troy shares, with Canaccord Genuity now setting a target of $26.00, down from a previous target of $47.00.

Villanova Investment Management Co LLC cut its holdings in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 54.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,125 shares of the company's stock after selling 11,998 shares during the quarter. Helen of Troy accounts for 1.5% of Villanova Investment Management Co LLC's portfolio, making the stock its 29th biggest holding. Villanova Investment Management Co LLC's holdings in Helen of Troy were worth $542,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Armistice Capital LLC acquired a new position in Helen of Troy during the first quarter worth $19,845,000. Jacobs Levy Equity Management Inc. raised its holdings in Helen of Troy by 1,985.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 332,708 shares of the company's stock worth $17,797,000 after purchasing an additional 316,755 shares during the last quarter. Millennium Management LLC acquired a new position in Helen of Troy during the first quarter worth $14,013,000. Federated Hermes Inc. raised its holdings in Helen of Troy by 3,325.3% during the first quarter. Federated Hermes Inc. now owns 185,616 shares of the company's stock worth $9,929,000 after purchasing an additional 180,197 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Helen of Troy by 80.5% during 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 last quarter.

Insider Activity

In other news, CFO Tracy Scheuerman acquired 10,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were purchased at an average price 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 of the company's stock, valued at $665,115.33. This represents a 43.40% increase in their position. The transaction was disclosed in a document filed 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 on Tuesday, July 15th. The shares were purchased at an average price of $21.47 per share, for a total transaction 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 represents a 7.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 20,435 shares of company stock worth $425,948. Insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HELE shares. Canaccord Genuity Group reaffirmed a "hold" rating and set a $26.00 price objective (down from $47.00) on shares of Helen of Troy in a report on Friday, July 11th. UBS Group cut their price target on 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 research analysts have rated the stock with a Hold rating, According to MarketBeat, Helen of Troy currently has an average rating of "Hold" and a consensus target price of $44.33.

Helen of Troy Stock Down 0.4%

Shares of NASDAQ HELE traded down $0.09 on Tuesday, hitting $23.67. The company had a trading volume of 147,006 shares, compared to its average volume of 700,752. Helen of Troy Limited has a 12-month low of $20.02 and a 12-month high of $77.95. The business has a 50 day moving average of $23.75 and a two-hundred day moving average of $31.68. The company has a quick ratio of 0.74, a current ratio of 1.70 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $543.04 million, a P/E ratio of -1.63 and a beta of 0.84.

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 the consensus estimate of $0.91 by ($0.50). Helen of Troy had a positive return on equity of 8.96% and a negative net margin of 17.89%.The company had revenue of $371.66 million during the quarter, compared to analysts' expectations of $400.69 million. During the same period in the previous year, the company earned $0.99 EPS. Helen of Troy's quarterly revenue was down 10.8% on a year-over-year basis. As a group, equities research analysts forecast that Helen of Troy Limited will post 6.46 earnings per share for the current fiscal year.

Helen of Troy Company 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.