Helen of Troy Ltd. (NASDAQ:HELE) posted its quarterly earnings data on Thursday. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.17. The company earned $368.17 million during the quarter. Helen of Troy had a net margin of 6.70% and a return on equity of 18.63%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 earnings per share. Helen of Troy updated its FY17 guidance to $5.85-6.35 EPS.
Helen of Troy (NASDAQ:HELE) opened at 80.69 on Monday. The company has a market cap of $2.25 billion, a PE ratio of 22.01 and a beta of 1.00. Helen of Troy has a 12 month low of $80.21 and a 12 month high of $106.50. The stock’s 50 day moving average is $88.51 and its 200 day moving average is $97.17.
A number of research firms have weighed in on HELE. Jefferies Group reissued a “buy” rating and issued a $114.00 price objective on shares of Helen of Troy in a research report on Wednesday, July 6th. Zacks Investment Research raised shares of Helen of Troy from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Tuesday, July 12th. Sidoti began coverage on shares of Helen of Troy in a research report on Thursday, August 25th. They issued a “neutral” rating and a $102.00 price objective for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of Helen of Troy in a research report on Thursday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $107.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HELE. Pacad Investment Ltd. acquired a new position in Helen of Troy during the second quarter worth $113,000. LS Investment Advisors LLC increased its position in Helen of Troy by 63.8% in the second quarter. LS Investment Advisors LLC now owns 1,694 shares of the company’s stock worth $174,000 after buying an additional 660 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Helen of Troy during the second quarter worth $188,000. Pacer Advisors Inc. acquired a new position in Helen of Troy during the second quarter worth $195,000. Finally, Genesee Valley Trust Co. acquired a new position in Helen of Troy during the second quarter worth $214,000. Institutional investors and hedge funds own 94.71% of the company’s stock.
About Helen of Troy
Helen of Troy Limited is a global consumer products company. The Company offers solutions for its customers through a portfolio of brands. It is a global designer, developer, importer, marketer, and distributor of a portfolio of brand-name consumer products. It has four business segments: Housewares, Healthcare/Home Environment, Nutritional Supplements and Personal Care.
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