Helen of Troy Limited (NASDAQ:HELE) CEO Brian Grass Purchases 10,000 Shares

Helen of Troy Limited (NASDAQ:HELE - Get Free Report) CEO Brian Grass purchased 10,000 shares of the stock in a transaction on Tuesday, July 15th. The stock was bought at an average cost of $21.47 per share, for a total transaction of $214,700.00. Following the completion of the acquisition, the chief executive officer owned 135,932 shares in the company, valued at approximately $2,918,460.04. This trade represents a 7.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Helen of Troy Stock Performance

Helen of Troy stock traded up $2.34 during trading hours on Wednesday, hitting $22.39. The company had a trading volume of 2,519,745 shares, compared to its average volume of 631,827. The firm has a market cap of $513.63 million, a PE ratio of -1.54, a PEG ratio of 0.96 and a beta of 0.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.70 and a quick ratio of 0.74. Helen of Troy Limited has a one year low of $20.02 and a one year high of $77.95. The firm has a 50-day moving average of $27.94 and a 200 day moving average of $42.93.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its 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 positive return on equity of 8.96% and a negative net margin of 17.89%. The business had revenue of $371.66 million for the quarter, compared to the consensus estimate of $400.69 million. During the same period in the prior year, the business posted $0.99 earnings per share. The firm's revenue for the quarter was down 10.8% compared to the same quarter last year. On average, sell-side analysts expect that Helen of Troy Limited will post 6.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its holdings in shares of Helen of Troy by 71.1% during the second quarter. Signaturefd LLC now owns 1,429 shares of the company's stock worth $41,000 after purchasing an additional 594 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Helen of Troy by 8.0% during the second quarter. State of Alaska Department of Revenue now owns 13,672 shares of the company's stock worth $387,000 after purchasing an additional 1,007 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Helen of Troy during the second quarter worth approximately $362,000. GAMMA Investing LLC increased its holdings in shares of Helen of Troy by 774.7% during the second quarter. GAMMA Investing LLC now owns 6,114 shares of the company's stock worth $174,000 after purchasing an additional 5,415 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Helen of Troy during the second quarter worth approximately $314,000.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Canaccord Genuity Group reissued a "hold" rating and issued a $26.00 price target (down from $47.00) on shares of Helen of Troy in a report on Friday, July 11th. UBS Group set a $29.00 price target on shares of Helen of Troy and gave the company a "neutral" rating in a 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 report on Friday, May 2nd.

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.