Landscape Capital Management L.L.C. Buys Shares of 130,417 Helen of Troy Limited $HELE

Key Points

• Landscape Capital Management L.L.C. purchased a new stake in Helen of Troy Limited, acquiring 130,417 shares valued at approximately $6.98 million, making it their 23rd largest holding.
• Several hedge funds have significantly increased their stakes in Helen of Troy, including Federated Hermes Inc., which boosted holdings by 3,325.3% during the same quarter.
• In its latest earnings report, Helen of Troy missed EPS estimates by $0.50, reporting $0.41 compared to an anticipated $0.91, with revenues down by 10.8% year-over-year.

Landscape Capital Management L.L.C. bought a new position in Helen of Troy Limited (NASDAQ:HELE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 130,417 shares of the company's stock, valued at approximately $6,976,000. Helen of Troy makes up 0.6% of Landscape Capital Management L.L.C.'s portfolio, making the stock its 23rd biggest holding. Landscape Capital Management L.L.C. owned approximately 0.57% of Helen of Troy at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. grew its position in Helen of Troy by 3,325.3% during the first quarter. Federated Hermes Inc. now owns 185,616 shares of the company's stock valued at $9,929,000 after buying an additional 180,197 shares during the period. Bank of America Corp DE grew its position in Helen of Troy by 80.5% during the fourth quarter. Bank of America Corp DE now owns 364,180 shares of the company's stock valued at $21,789,000 after buying an additional 162,460 shares during the period. Janus Henderson Group PLC grew its position in Helen of Troy by 49.9% during the fourth quarter. Janus Henderson Group PLC now owns 302,709 shares of the company's stock valued at $18,111,000 after buying an additional 100,767 shares during the period. Nuveen LLC bought a new position in Helen of Troy during the first quarter valued at about $4,732,000. Finally, Woodline Partners LP bought a new position in Helen of Troy during the fourth quarter valued at about $4,319,000.

Insiders Place Their Bets

In other Helen of Troy news, CEO Brian Grass acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were bought at an average price of $21.47 per share, for a total transaction of $214,700.00. Following the completion of the transaction, the chief executive officer owned 135,932 shares of the company's stock, valued at approximately $2,918,460.04. This represents a 7.94% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tracy Scheuerman acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was acquired at an average price of $20.13 per share, for a total transaction of $201,300.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. Insiders purchased 20,435 shares of company stock worth $425,948 in the last quarter. 0.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on HELE. UBS Group reduced their price target on shares of Helen of Troy from $32.00 to $29.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Canaccord Genuity Group reiterated a "hold" rating and set a $26.00 target price (down previously from $47.00) on shares of Helen of Troy in a research report on Friday, July 11th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $44.33.

Helen of Troy Price Performance

NASDAQ:HELE traded up $0.24 during mid-day trading on Monday, hitting $24.55. 381,762 shares of the stock traded hands, compared to its average volume of 641,261. The business's 50-day moving average price is $24.88 and its 200 day moving average price is $34.19. The company has a market cap of $563.25 million, a PE ratio of -1.69 and a beta of 0.84. Helen of Troy Limited has a 12-month low of $20.02 and a 12-month high of $77.95. 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 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 firm had revenue of $371.66 million for the quarter, compared to analysts' expectations of $400.69 million. During the same period in the prior year, the firm posted $0.99 EPS. Helen of Troy's revenue was down 10.8% on a year-over-year basis. On average, analysts expect that Helen of Troy Limited will post 6.46 EPS for the current fiscal year.

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.