Helen of Troy Limited $HELE Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Helen of Troy Limited by 12.3%, owning 102,657 shares valued at approximately $5.5 million as of its latest SEC filing.
• Both the CEO and CFO of Helen of Troy made significant stock purchases on July 15, buying 10,000 shares each, which resulted in a 7.94% increase in the CEO's ownership and a 43.40% increase for the CFO.
• Helen of Troy reported disappointing quarterly earnings, with a net margin of -17.89% and earnings per share of $0.41, missing analysts' estimates by $0.50.

Invesco Ltd. grew its stake in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,657 shares of the company's stock after acquiring an additional 11,210 shares during the quarter. Invesco Ltd. owned about 0.45% of Helen of Troy worth $5,491,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HELE. Quarry LP increased its holdings in shares of Helen of Troy by 917.5% during the fourth quarter. Quarry LP now owns 814 shares of the company's stock valued at $49,000 after acquiring an additional 734 shares in the last quarter. IMA Advisory Services Inc. acquired a new position in Helen of Troy in the 1st quarter worth approximately $52,000. QRG Capital Management Inc. acquired a new position in Helen of Troy in the 1st quarter worth approximately $207,000. Point72 Asset Management L.P. acquired a new position in Helen of Troy in the 4th quarter worth approximately $257,000. Finally, Verdence Capital Advisors LLC acquired a new position in Helen of Troy in the 1st quarter worth approximately $263,000.

Analyst Ratings Changes

HELE has been the topic of several research reports. UBS Group cut 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. Canaccord Genuity Group reiterated a "hold" rating and issued a $26.00 price target (down previously from $47.00) on shares of Helen of Troy in a report on Friday, July 11th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $44.33.

Insider Buying and Selling

In other news, CFO Tracy Scheuerman acquired 10,000 shares of the company's stock in a transaction dated 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 purchase, the chief financial officer directly owned 33,041 shares of the company's stock, valued at $665,115.33. This trade represents a 43.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Grass acquired 10,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were purchased at an average cost 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 in the company, valued at approximately $2,918,460.04. This trade represents a 7.94% 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 in the last ninety days. Corporate insiders own 0.45% of the company's stock.

Helen of Troy Stock Performance

Shares of NASDAQ HELE traded up $0.24 during midday trading on Monday, reaching $24.55. 381,762 shares of the stock were exchanged, compared to its average volume of 641,261. The firm has a market cap of $563.25 million, a price-to-earnings ratio of -1.69 and a beta of 0.84. Helen of Troy Limited has a twelve month low of $20.02 and a twelve month high of $77.95. The firm has a 50-day simple moving average of $24.88 and a two-hundred day simple moving average of $34.19. 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 (NASDAQ:HELE - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.50). The firm had revenue of $371.66 million for the quarter, compared to analyst estimates of $400.69 million. Helen of Troy had a positive return on equity of 8.96% and a negative net margin of 17.89%.Helen of Troy's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. As a group, analysts anticipate that Helen of Troy Limited will post 6.46 EPS 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.