Analysts expect Helen of Troy Limited (NASDAQ:HELE) to post $447.23 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Helen of Troy’s earnings. The highest sales estimate is $456.36 million and the lowest is $438.10 million. Helen of Troy posted sales of $414.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 8th.
According to Zacks, analysts expect that Helen of Troy will report full-year sales of $1.84 billion for the current financial year, with estimates ranging from $1.83 billion to $1.85 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.89 billion, with estimates ranging from $1.88 billion to $1.91 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Helen of Troy.
Helen of Troy (NASDAQ:HELE) last issued its earnings results on Thursday, July 9th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $1.04. Helen of Troy had a net margin of 9.81% and a return on equity of 20.17%. The company had revenue of $420.80 million for the quarter, compared to analysts’ expectations of $347.08 million. During the same period in the prior year, the business earned $2.06 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis.
Several analysts have commented on HELE shares. Sidoti started coverage on shares of Helen of Troy in a research report on Wednesday. They set a “neutral” rating for the company. CL King increased their price objective on shares of Helen of Troy from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Oppenheimer reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Helen of Troy in a research report on Tuesday. BidaskClub lowered shares of Helen of Troy from a “hold” rating to a “sell” rating in a research report on Thursday, September 3rd. Finally, ValuEngine raised shares of Helen of Troy from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $213.60.
In other news, Director Vincent D. Carson sold 3,590 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $203.38, for a total transaction of $730,134.20. Also, CEO Julien Mininberg sold 3,207 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $210.73, for a total transaction of $675,811.11. Following the sale, the chief executive officer now directly owns 113,190 shares in the company, valued at approximately $23,852,528.70. The disclosure for this sale can be found here. Insiders have sold a total of 20,066 shares of company stock valued at $4,072,473 over the last three months. 0.90% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its stake in shares of Helen of Troy by 5.9% during the 1st quarter. State Street Corp now owns 883,131 shares of the company’s stock worth $127,197,000 after purchasing an additional 48,850 shares during the period. William Blair Investment Management LLC grew its stake in shares of Helen of Troy by 1,164.3% during the 2nd quarter. William Blair Investment Management LLC now owns 656,843 shares of the company’s stock worth $123,854,000 after purchasing an additional 604,890 shares during the period. Wells Fargo & Company MN grew its stake in shares of Helen of Troy by 5.1% during the 1st quarter. Wells Fargo & Company MN now owns 541,804 shares of the company’s stock worth $78,036,000 after purchasing an additional 26,173 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Helen of Troy by 125.8% during the 1st quarter. JPMorgan Chase & Co. now owns 501,669 shares of the company’s stock worth $72,255,000 after purchasing an additional 279,491 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Helen of Troy by 6.2% during the 1st quarter. Geode Capital Management LLC now owns 397,008 shares of the company’s stock worth $57,181,000 after purchasing an additional 23,299 shares during the period. 97.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of HELE stock traded up $0.14 during mid-day trading on Wednesday, hitting $199.83. 144,106 shares of the stock traded hands, compared to its average volume of 192,130. The stock has a market cap of $5.06 billion, a P/E ratio of 29.47, a P/E/G ratio of 3.18 and a beta of 0.94. The stock’s fifty day moving average is $201.24 and its two-hundred day moving average is $176.06. Helen of Troy has a 52-week low of $104.01 and a 52-week high of $213.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 1.31.
About Helen of Troy
Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.
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