88,473 Shares in Helen of Troy Limited $HELE Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Helen of Troy Limited, purchasing 88,473 shares valued at approximately $4.7 million, representing about 0.39% of the company.
• Analyst reports indicate a consensus rating of "Hold" for Helen of Troy, with a target price cut to $44.33 after several brokerage downgrades.
• Recently, company insiders, including the CEO and CFO, have made significant stock purchases, indicating potential confidence in the company's future despite a missed earnings estimate last quarter.

Nuveen LLC purchased a new position in Helen of Troy Limited (NASDAQ:HELE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 88,473 shares of the company's stock, valued at approximately $4,732,000. Nuveen LLC owned about 0.39% of Helen of Troy at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HELE. Federated Hermes Inc. increased its holdings in shares of Helen of Troy by 3,325.3% in the first quarter. Federated Hermes Inc. now owns 185,616 shares of the company's stock valued at $9,929,000 after purchasing an additional 180,197 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Helen of Troy by 80.5% in the fourth 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 last quarter. Janus Henderson Group PLC increased its holdings in shares of Helen of Troy by 49.9% in the fourth quarter. Janus Henderson Group PLC now owns 302,709 shares of the company's stock valued at $18,111,000 after purchasing an additional 100,767 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Helen of Troy in the fourth quarter valued at approximately $4,319,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Helen of Troy in the fourth quarter valued at approximately $3,089,000.

Helen of Troy Trading Up 1.0%

HELE traded up $0.24 during trading hours on Monday, reaching $24.55. The company's stock had a trading volume of 381,762 shares, compared to its average volume of 641,261. The stock has a market cap of $563.25 million, a PE ratio of -1.69 and a beta of 0.84. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.70 and a quick ratio of 0.74. The business's 50-day moving average is $24.88 and its 200-day moving average is $34.19. 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 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). The firm had revenue of $371.66 million during 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%.The business's revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. As a group, equities research analysts predict that Helen of Troy Limited will post 6.46 earnings per share for the current fiscal year.

Insider Activity at Helen of Troy

In related news, CEO Brian Grass acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was purchased at an average cost of $21.47 per share, for a total transaction of $214,700.00. Following the transaction, the chief executive officer directly owned 135,932 shares of the company's stock, valued at approximately $2,918,460.04. This trade represents a 7.94% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Tracy Scheuerman acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were bought at an average price of $20.13 per share, with a total value of $201,300.00. Following the completion of the transaction, the chief financial officer directly owned 33,041 shares in the company, valued at approximately $665,115.33. The trade was a 43.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 20,435 shares of company stock valued at $425,948 over the last 90 days. Insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

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

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.