Tracy Scheuerman Acquires 10,000 Shares of Helen of Troy Limited (NASDAQ:HELE) Stock

Helen of Troy Limited (NASDAQ:HELE - Get Free Report) CFO Tracy Scheuerman acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were acquired at an average cost of $20.13 per share, for a total transaction of $201,300.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Helen of Troy Stock Performance

Shares of HELE traded down $0.80 during trading hours on Friday, hitting $21.90. The stock had a trading volume of 790,329 shares, compared to its average volume of 634,499. 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 50-day moving average price of $27.86 and a 200 day moving average price of $42.67. The firm has a market capitalization of $502.29 million, a price-to-earnings ratio of -1.51, a PEG ratio of 1.07 and a beta of 0.87. 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 announced 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). The firm had revenue of $371.66 million during the quarter, compared to analysts' expectations of $400.69 million. Helen of Troy had a negative net margin of 17.89% and a positive return on equity of 8.96%. The company's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. As a group, research analysts anticipate that Helen of Troy Limited will post 6.46 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Advisors LP raised its holdings in Helen of Troy by 111.3% in the fourth quarter. First Trust Advisors LP now owns 69,856 shares of the company's stock valued at $4,179,000 after acquiring an additional 36,795 shares in the last quarter. GAMMA Investing LLC increased its stake in Helen of Troy by 7,625.2% in the 1st quarter. GAMMA Investing LLC now owns 37,390 shares of the company's stock valued at $20,000,000 after buying an additional 36,906 shares during the period. Swiss National Bank boosted its position in shares of Helen of Troy by 0.9% during the 4th quarter. Swiss National Bank now owns 45,000 shares of the company's stock worth $2,692,000 after purchasing an additional 400 shares in the last quarter. Bank of America Corp DE boosted its position in shares of 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 buying an additional 162,460 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Helen of Troy by 446.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 646,746 shares of the company's stock worth $38,695,000 after buying an additional 528,305 shares in the last quarter.

Analysts Set New Price Targets

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