Wellington Management Group LLP Buys 39,764 Shares of Helen of Troy Limited $HELE

Key Points

• Wellington Management Group LLP increased its stake in Helen of Troy Limited by 16.6%, acquiring an additional 39,764 shares during the first quarter, bringing its total ownership to approximately 1.22% valued at $14,957,000.
• Insider buying activity included CFO Tracy Scheuerman and CEO Brian Grass, both purchasing 10,000 shares each at prices of $20.13 and $21.47 per share, respectively, indicating strong confidence from the company leadership.
• Analysts have downgraded Helen of Troy's stock rating, with UBS Group lowering its price target from $32.00 to $29.00, amidst concerns over recent earnings results that fell short of estimates.

Wellington Management Group LLP increased its stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) by 16.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,621 shares of the company's stock after purchasing an additional 39,764 shares during the quarter. Wellington Management Group LLP owned approximately 1.22% of Helen of Troy worth $14,957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Pzena Investment Management LLC increased its stake in Helen of Troy by 7.2% in the 1st quarter. Pzena Investment Management LLC now owns 756,227 shares of the company's stock worth $40,451,000 after purchasing an additional 50,516 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Helen of Troy by 7.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 520,422 shares of the company's stock worth $27,837,000 after acquiring an additional 38,268 shares in the last quarter. Bank of America Corp DE lifted its stake in Helen of Troy by 80.5% in the 4th quarter. Bank of America Corp DE now owns 364,180 shares of the company's stock worth $21,789,000 after acquiring an additional 162,460 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Helen of Troy by 49.9% in the 4th quarter. Janus Henderson Group PLC now owns 302,709 shares of the company's stock worth $18,111,000 after acquiring an additional 100,767 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Helen of Troy by 1.9% in the 1st quarter. Northern Trust Corp now owns 263,777 shares of the company's stock worth $14,109,000 after acquiring an additional 4,942 shares in the last quarter.

Analyst Upgrades and Downgrades

HELE has been the subject of several research analyst reports. Canaccord Genuity Group reissued a "hold" rating and issued 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 reduced their price objective on Helen of Troy from $32.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Helen of Troy currently has an average rating of "Hold" and a consensus price target of $44.33.

Helen of Troy Stock Up 1.0%

Shares of NASDAQ HELE traded up $0.24 during trading hours on Monday, hitting $24.55. The stock had a trading volume of 381,762 shares, compared to its average volume of 641,261. The company has a market capitalization of $563.18 million, a P/E ratio of -1.69 and a beta of 0.84. The firm's 50-day moving average price is $24.82 and its two-hundred day moving average price is $33.96. Helen of Troy Limited has a 52 week low of $20.02 and a 52 week 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.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $400.69 million. During the same period in the previous year, the firm posted $0.99 EPS. The company's quarterly revenue was down 10.8% compared to the same quarter last year. Analysts anticipate that Helen of Troy Limited will post 6.46 EPS for the current fiscal year.

Insider Transactions at Helen of Troy

In related news, CFO Tracy Scheuerman purchased 10,000 shares of Helen of Troy stock in a transaction on Tuesday, July 15th. The stock was 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 of the company's stock, valued at approximately $665,115.33. This represents a 43.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Grass purchased 10,000 shares of Helen of Troy stock in a transaction on Tuesday, July 15th. The stock was bought at an average cost of $21.47 per share, with a total value 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. The trade was a 7.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 20,435 shares of company stock valued at $425,948 in the last ninety days. Insiders own 0.45% of the company's stock.

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.