Helen of Troy Limited (NASDAQ:HELE) Shares Purchased 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 boosted its position in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 67.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,553 shares of the company's stock after purchasing an additional 31,328 shares during the period. LPL Financial LLC owned 0.34% of Helen of Troy worth $4,148,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Helen of Troy by 20.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 149,625 shares of the company's stock valued at $8,003,000 after purchasing an additional 25,713 shares during the period. First Trust Advisors LP raised its stake in Helen of Troy by 111.3% during the 4th quarter. First Trust Advisors LP now owns 69,856 shares of the company's stock valued at $4,179,000 after purchasing an additional 36,795 shares during the period. GAMMA Investing LLC raised its stake in Helen of Troy by 7,625.2% during the 1st quarter. GAMMA Investing LLC now owns 37,390 shares of the company's stock valued at $20,000,000 after purchasing an additional 36,906 shares during the period. Bank of America Corp DE raised its stake in Helen of Troy by 80.5% during the 4th quarter. Bank of America Corp DE now owns 364,180 shares of the company's stock valued at $21,789,000 after purchasing an additional 162,460 shares during the period. Finally, Woodline Partners LP acquired a new stake in Helen of Troy during the 4th quarter valued at $4,319,000.

Helen of Troy Trading Down 2.2%

Helen of Troy stock opened at $23.57 on Friday. The company's fifty day simple moving average is $25.65 and its 200-day simple moving average is $37.21. The company has a quick ratio of 0.74, a current ratio of 1.70 and a debt-to-equity ratio of 0.69. Helen of Troy Limited has a 12 month low of $20.02 and a 12 month high of $77.95. The stock has a market cap of $540.70 million, a P/E ratio of -1.62 and a beta of 0.86.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The company reported $0.41 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 company had revenue of $371.66 million for the quarter, compared to analysts' expectations of $400.69 million. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The company's revenue was down 10.8% on a year-over-year basis. As a group, sell-side analysts forecast that Helen of Troy Limited will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling at Helen of Troy

In other Helen of Troy news, CEO Brian Grass acquired 10,000 shares of Helen of Troy 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 purchase, the chief executive officer owned 135,932 shares in the company, valued at approximately $2,918,460.04. This trade represents a 7.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tracy Scheuerman acquired 10,000 shares of Helen of Troy stock in a transaction that occurred on 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 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 position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 20,435 shares of company stock valued at $425,948. 0.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.

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