Hotchkis & Wiley Capital Management LLC Has $11.99 Million Stock Position in Helen of Troy Limited $HELE

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Helen of Troy Limited by 7.7%, now owning approximately $11.99 million worth of shares.
• Helen of Troy reported a loss of $0.50 per share in its recent earnings, below analysts' expectations, and experienced a 10.8% year-over-year decline in revenue.
• Insider purchases by both the CEO and CFO suggest confidence in the company, with significant increases in their shareholdings following recent transactions.

Hotchkis & Wiley Capital Management LLC raised its stake in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 7.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 224,160 shares of the company's stock after purchasing an additional 15,970 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.98% of Helen of Troy worth $11,990,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of Helen of Troy by 33.8% in the fourth quarter. Invesco Ltd. now owns 91,447 shares of the company's stock valued at $5,471,000 after acquiring an additional 23,085 shares in the last quarter. Raymond James Financial Inc. bought a new position in Helen of Troy in the 4th quarter worth about $3,367,000. Barclays PLC grew its stake in Helen of Troy by 2.0% during the fourth quarter. Barclays PLC now owns 44,779 shares of the company's stock valued at $2,680,000 after acquiring an additional 866 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Helen of Troy by 66.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Helen of Troy by 111.3% in the 4th quarter. First Trust Advisors LP now owns 69,856 shares of the company's stock worth $4,179,000 after acquiring an additional 36,795 shares during the last quarter.

Helen of Troy Stock Up 4.2%

HELE stock opened at $24.11 on Friday. The stock has a market capitalization of $553.08 million, a P/E ratio of -1.66 and a beta of 0.86. The business has a fifty day moving average price of $25.08 and a 200-day moving average price of $35.46. Helen of Troy Limited has a 1-year low of $20.02 and a 1-year high of $77.95. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.70 and a quick ratio of 0.74.

Helen of Troy (NASDAQ:HELE - Get Free Report) last posted 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). 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 during the quarter, compared to the consensus estimate of $400.69 million. During the same period in the prior year, the company posted $0.99 EPS. The firm's revenue was down 10.8% compared to the same quarter last year. Equities analysts forecast that Helen of Troy Limited will post 6.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HELE shares. Wall Street Zen lowered shares of Helen of Troy from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $26.00 price target (down from $47.00) on shares of Helen of Troy in a research note on Friday, July 11th. Finally, UBS Group lowered their price objective on shares of Helen of Troy from $32.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $44.33.

Insider Activity at Helen of Troy

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.