Jump Financial LLC Acquires Shares of 30,230 Helen of Troy Limited $HELE

Key Points

• Jump Financial LLC has acquired 30,230 shares of Helen of Troy Limited valued at approximately $1.62 million, representing 0.13% ownership as of the latest reporting period.
• Insider purchases include CFO Tracy Scheuerman and CEO Brian Grass, each buying 10,000 shares at prices of $20.13 and $21.47 respectively, signaling a strong belief in the company's future.
• Helen of Troy reported a net revenue decline of 10.8% year-over-year and missed the earnings estimate, leading to several revisions in analyst ratings with an average target price now at $44.33.

Jump Financial LLC bought a new stake in shares of Helen of Troy Limited (NASDAQ:HELE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,230 shares of the company's stock, valued at approximately $1,617,000. Jump Financial LLC owned 0.13% of Helen of Troy at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP lifted 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 purchasing an additional 734 shares during the last quarter. IMA Advisory Services Inc. purchased a new stake in shares of Helen of Troy during the first quarter worth about $52,000. QRG Capital Management Inc. purchased a new stake in shares of Helen of Troy in the first quarter valued at $207,000. Point72 Asset Management L.P. purchased a new stake in shares of Helen of Troy during the fourth quarter valued at $257,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Helen of Troy during the first quarter valued at $258,000.

Analysts Set New Price Targets

HELE has been the subject of several research reports. Canaccord Genuity Group restated a "hold" rating and set a $26.00 price objective (down from $47.00) on shares of Helen of Troy in a research note on Friday, July 11th. UBS Group lowered their price objective 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. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Helen of Troy has an average rating of "Hold" and a consensus target price of $44.33.

Helen of Troy Stock Up 2.1%

HELE traded up $0.52 during trading on Wednesday, hitting $25.24. 168,726 shares of the company's stock were exchanged, compared to its average volume of 701,621. 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 business's 50 day moving average is $24.75 and its two-hundred day moving average is $33.90. The stock has a market cap of $579.01 million, a P/E ratio of -1.74 and a beta of 0.84. Helen of Troy Limited has a fifty-two week low of $20.02 and a fifty-two week high of $77.95.

Helen of Troy (NASDAQ:HELE - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.50). The business had revenue of $371.66 million during the quarter, compared to the consensus estimate of $400.69 million. Helen of Troy had a positive return on equity of 8.96% and a negative net margin of 17.89%.The firm's quarterly revenue was down 10.8% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. As a group, equities analysts expect that Helen of Troy Limited will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Brian Grass acquired 10,000 shares of Helen of Troy stock in a transaction on Tuesday, July 15th. The shares were acquired at an average cost of $21.47 per share, with a total value of $214,700.00. Following the transaction, the chief executive officer owned 135,932 shares in the company, valued at $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 is available at this link. Also, CFO Tracy Scheuerman acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were acquired at an average cost 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 $665,115.33. This represents a 43.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,435 shares of company stock valued at $425,948 in the last ninety days. 0.45% of the stock is currently owned by corporate insiders.

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.