Helen of Troy Limited $HELE Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC increased its holdings in Helen of Troy Limited by 67.8% in the 1st quarter, bringing their total shares owned to 77,553, valued at approximately $4.15 million.
• Helen of Troy recorded a $0.41 EPS in the last quarter, missing estimates by $0.50, and reported a 10.8% decline in year-over-year revenue.
• Insider shares purchases included 10,000 shares each from CEO Brian Grass and CFO Tracy Scheuerman, indicating confidence in the company's prospects despite recent challenges.

LPL Financial LLC increased its holdings in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 67.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,553 shares of the company's stock after acquiring an additional 31,328 shares during the period. LPL Financial LLC owned approximately 0.34% of Helen of Troy worth $4,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Helen of Troy by 7.4% during the 4th quarter. JPMorgan Chase & Co. now owns 90,080 shares of the company's stock valued at $5,389,000 after acquiring an additional 6,191 shares during the period. Wells Fargo & Company MN grew its stake in shares of Helen of Troy by 31.3% during the 4th quarter. Wells Fargo & Company MN now owns 92,846 shares of the company's stock valued at $5,555,000 after acquiring an additional 22,148 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Helen of Troy by 142.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 123,912 shares of the company's stock worth $7,414,000 after purchasing an additional 72,870 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Helen of Troy by 50.5% in the fourth quarter. Bank of Montreal Can now owns 25,672 shares of the company's stock valued at $1,536,000 after acquiring an additional 8,610 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Helen of Troy by 33.8% in the 4th quarter. Invesco Ltd. now owns 91,447 shares of the company's stock worth $5,471,000 after purchasing an additional 23,085 shares in the last quarter.

Helen of Troy Stock Up 3.3%

NASDAQ HELE traded up $0.77 during midday trading on Tuesday, hitting $23.90. 117,594 shares of the company traded hands, compared to its average volume of 700,055. The company has a market cap of $548.15 million, a PE ratio of -1.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.70 and a quick ratio of 0.74. The company's 50-day simple moving average is $25.43 and its 200-day simple moving average is $36.28. Helen of Troy Limited has a 52 week low of $20.02 and a 52 week high of $77.95.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its quarterly earnings data 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). Helen of Troy had a positive return on equity of 8.96% and a negative net margin of 17.89%. The business had revenue of $371.66 million during the quarter, compared to analyst estimates of $400.69 million. During the same period in the previous year, the business earned $0.99 EPS. The firm's revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that Helen of Troy Limited will post 6.46 earnings per share for the current year.

Insider Buying and Selling at Helen of Troy

In other news, CFO Tracy Scheuerman bought 10,000 shares of Helen of Troy stock in a transaction that occurred on Tuesday, July 15th. The stock was bought at an average price of $20.13 per share, for a total transaction of $201,300.00. Following the purchase, the chief financial officer directly owned 33,041 shares of the company's stock, valued at approximately $665,115.33. The trade was a 43.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Grass bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was purchased at an average price of $21.47 per share, for a total transaction of $214,700.00. Following the transaction, the chief executive officer owned 135,932 shares of the company's stock, valued at $2,918,460.04. The trade was a 7.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 20,435 shares of company stock valued at $425,948 over the last quarter. Insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wall Street Zen downgraded Helen of Troy from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. UBS Group cut their target price on Helen of Troy from $32.00 to $29.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $26.00 price objective (down from $47.00) on shares of Helen of Troy in a research report on Friday, July 11th.

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.