Quantbot Technologies LP Invests $1.15 Million in Helen of Troy Limited $HELE

Key Points

• Quantbot Technologies LP invested approximately $1.15 million in Helen of Troy Limited by purchasing 21,428 shares, representing a 0.09% stake in the company.
• Recent transactions revealed that both CFO Tracy Scheuerman and CEO Brian Grass bought significant shares, indicating insider confidence in the company’s prospects.
• Helen of Troy reported a $0.41 EPS for the last quarter, missing expectations and showing a 10.8% decline in year-over-year revenue.

Quantbot Technologies LP 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 & Exchange Commission. The institutional investor purchased 21,428 shares of the company's stock, valued at approximately $1,146,000. Quantbot Technologies LP owned about 0.09% of Helen of Troy at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HELE. Invesco Ltd. boosted its holdings in Helen of Troy by 33.8% during 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 during the period. Raymond James Financial Inc. acquired a new position in Helen of Troy in the fourth quarter worth about $3,367,000. Barclays PLC raised its position in Helen of Troy by 2.0% in the fourth quarter. Barclays PLC now owns 44,779 shares of the company's stock worth $2,680,000 after purchasing an additional 866 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Helen of Troy by 66.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the company's stock worth $30,000 after buying an additional 200 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Helen of Troy by 111.3% during 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 Price Performance

Shares of Helen of Troy stock traded up $0.24 on Friday, reaching $24.55. 381,762 shares of the stock were exchanged, compared to its average volume of 658,533. The firm's 50 day moving average is $24.88 and its 200-day moving average is $34.49. Helen of Troy Limited has a one year low of $20.02 and a one year high of $77.95. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.70. The firm has a market cap of $563.18 million, a PE ratio of -1.69 and a beta of 0.86.

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

Insider Buying and Selling at Helen of Troy

In other news, CFO Tracy Scheuerman acquired 10,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was bought at an average cost of $20.13 per share, for a total transaction of $201,300.00. Following the completion of the transaction, the chief financial officer directly owned 33,041 shares in the company, valued at $665,115.33. This represents a 43.40% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Grass acquired 10,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were purchased at an average price of $21.47 per share, with a total value 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 $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. Over the last quarter, insiders have bought 20,435 shares of company stock valued at $425,948. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HELE shares. Canaccord Genuity Group reissued 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. UBS Group reduced 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 research report on Friday, July 11th. Finally, Wall Street Zen cut shares of Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.