Helen of Troy (NASDAQ:HELE – Get Rating) issued an update on its FY 2023 earnings guidance on Thursday morning. The company provided earnings per share guidance of $9.85-$10.35 for the period, compared to the consensus earnings per share estimate of $13.17. The company issued revenue guidance of $2.15 billion-$2.20 billion, compared to the consensus revenue estimate of $2.35 billion.
NASDAQ:HELE opened at $133.83 on Thursday. The firm’s fifty day moving average is $173.52 and its 200-day moving average is $198.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.87 and a current ratio of 1.89. Helen of Troy has a 52 week low of $132.89 and a 52 week high of $256.26. The firm has a market cap of $3.21 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.71 and a beta of 0.76.
Helen of Troy (NASDAQ:HELE – Get Rating) last released its earnings results on Thursday, July 7th. The company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.77. Helen of Troy had a net margin of 8.74% and a return on equity of 18.08%. The company had revenue of $508.10 million for the quarter, compared to the consensus estimate of $474.17 million. During the same quarter in the previous year, the company earned $2.95 EPS. Helen of Troy’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Helen of Troy will post 11.25 earnings per share for the current year.
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HELE has been the topic of several research reports. TheStreet downgraded shares of Helen of Troy from a b- rating to a c+ rating in a report on Thursday, June 16th. DA Davidson lowered their price objective on shares of Helen of Troy from $244.00 to $175.00 and set a neutral rating on the stock in a report on Friday, July 8th. CL King reduced their target price on shares of Helen of Troy from $282.00 to $206.00 in a research note on Tuesday, June 28th. StockNews.com lowered shares of Helen of Troy from a hold rating to a sell rating in a research note on Tuesday, July 5th. Finally, Raymond James initiated coverage on shares of Helen of Troy in a research note on Tuesday. They issued a market perform rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $214.67.
In related news, Director Gary B. Abromovitz sold 1,038 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $209.00, for a total transaction of $216,942.00. Following the completion of the transaction, the director now owns 6,047 shares in the company, valued at $1,263,823. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.88% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in Helen of Troy by 9.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,615 shares of the company’s stock worth $707,000 after purchasing an additional 325 shares during the period. Bank of Montreal Can boosted its position in Helen of Troy by 2.7% during the first quarter. Bank of Montreal Can now owns 1,886 shares of the company’s stock worth $386,000 after purchasing an additional 50 shares during the period. Rhumbline Advisers boosted its position in Helen of Troy by 0.8% during the first quarter. Rhumbline Advisers now owns 72,926 shares of the company’s stock worth $14,282,000 after purchasing an additional 581 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Helen of Troy by 10.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,846 shares of the company’s stock worth $1,732,000 after buying an additional 846 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Helen of Troy by 0.6% in the first quarter. BlackRock Inc. now owns 2,591,291 shares of the company’s stock worth $507,478,000 after buying an additional 14,931 shares in the last quarter.
Helen of Troy Company Profile (Get Rating)
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 through three segments: Home & Outdoor, Health & Wellness, and Beauty. The Home & Outdoor segment offers food preparation tools and gadgets, storage containers, and organization products; coffee makers, grinders, manual pour overs, and tea kettles; household cleaning products, shower organization, and bathroom accessories; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; insulated water bottles, hydration packs, drinkware, mugs, food containers, lunch containers, insulated totes, soft coolers, and accessories; and technical and outdoor sports packs, travel packs, luggage, daypacks, and everyday packs.
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