Helen of Troy (NASDAQ:HELE – Get Rating) updated its FY23 earnings guidance on Wednesday. The company provided earnings per share guidance of $9.00-9.40 for the period, compared to the consensus earnings per share estimate of $10.06. The company issued revenue guidance of $2.00-2.05 billion, compared to the consensus revenue estimate of $2.17 billion.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Raymond James assumed coverage on Helen of Troy in a report on Tuesday, July 12th. They set a market perform rating for the company. CL King reduced their price objective on Helen of Troy from $282.00 to $206.00 in a research note on Tuesday, June 28th. StockNews.com downgraded Helen of Troy from a hold rating to a sell rating in a research note on Saturday, July 16th. TheStreet downgraded Helen of Troy from a b- rating to a c+ rating in a research note on Thursday, June 16th. Finally, DA Davidson reduced their price objective on Helen of Troy from $244.00 to $175.00 and set a neutral rating for the company in a research note on Friday, July 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $214.67.
Helen of Troy Stock Up 3.4 %
HELE stock opened at $102.58 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.93 and a current ratio of 1.95. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.50 and a beta of 0.73. Helen of Troy has a fifty-two week low of $96.39 and a fifty-two week high of $256.26. The stock has a fifty day moving average of $122.88 and a 200-day moving average of $160.21.
Helen of Troy (NASDAQ:HELE – Get Rating) last posted its quarterly earnings results on Thursday, July 7th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.16. The company had revenue of $508.10 million during the quarter, compared to the consensus estimate of $474.17 million. Helen of Troy had a return on equity of 18.08% and a net margin of 8.74%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.95 EPS. As a group, equities research analysts predict that Helen of Troy will post 8.26 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of Helen of Troy by 2.7% during the 1st quarter. Bank of Montreal Can now owns 1,886 shares of the company’s stock worth $386,000 after acquiring an additional 50 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Helen of Troy by 0.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 31,722 shares of the company’s stock worth $5,152,000 after purchasing an additional 178 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Helen of Troy by 47.9% during the 1st quarter. Captrust Financial Advisors now owns 874 shares of the company’s stock worth $171,000 after purchasing an additional 283 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Helen of Troy by 9.9% during the 1st 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 in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Helen of Troy during the 2nd quarter worth about $65,000.
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 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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