Helen of Troy Ltd. (NASDAQ:HELE) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $5.85-6.35 for the period, compared to the Thomson Reuters consensus estimate of $6.20. The company issued revenue guidance of 1.55-1.59 billion, compared to the consensus revenue estimate of $1.58 billion.
Shares of Helen of Troy Ltd. (NASDAQ:HELE) traded up 0.43% during trading on Thursday, reaching $86.87. 340,689 shares of the company were exchanged. The stock has a market capitalization of $2.42 billion, a P/E ratio of 24.78 and a beta of 1.00. The stock has a 50-day moving average of $88.86 and a 200 day moving average of $97.40. Helen of Troy Ltd. has a 52-week low of $82.28 and a 52-week high of $106.50.
Helen of Troy (NASDAQ:HELE) last posted its quarterly earnings results on Thursday, October 6th. The company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.17. Helen of Troy had a net margin of 6.45% and a return on equity of 18.62%. The firm had revenue of $368.17 million for the quarter, compared to the consensus estimate of $369.99 million. During the same quarter in the previous year, the company earned $1.12 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. On average, equities analysts anticipate that Helen of Troy Ltd. will post $6.16 earnings per share for the current fiscal year.
A number of research analysts have issued reports on HELE shares. Sidoti raised Helen of Troy from a neutral rating to a buy rating and set a $112.00 price objective for the company in a report on Friday, August 19th. Jefferies Group set a $114.00 price objective on Helen of Troy and gave the company a buy rating in a report on Monday, August 1st. Zacks Investment Research raised Helen of Troy from a hold rating to a buy rating and set a $113.00 price objective for the company in a report on Tuesday, July 12th. Finally, KeyCorp reissued a hold rating on shares of Helen of Troy in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Helen of Troy presently has an average rating of Hold and a consensus target price of $110.25.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Axiom International Investors LLC DE boosted its position in Helen of Troy by 0.9% in the second quarter. Axiom International Investors LLC DE now owns 59,625 shares of the company’s stock worth $6,132,000 after buying an additional 560 shares in the last quarter. Pacad Investment Ltd. acquired a new position in Helen of Troy during the second quarter worth about $113,000. Origin Asset Management LLP boosted its position in Helen of Troy by 1.0% in the second quarter. Origin Asset Management LLP now owns 107,398 shares of the company’s stock worth $11,045,000 after buying an additional 1,100 shares in the last quarter. KCG Holdings Inc. boosted its position in Helen of Troy by 50.2% in the second quarter. KCG Holdings Inc. now owns 4,334 shares of the company’s stock worth $446,000 after buying an additional 1,449 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Helen of Troy by 38.4% in the second quarter. ProShare Advisors LLC now owns 5,726 shares of the company’s stock worth $589,000 after buying an additional 1,589 shares in the last quarter. 94.68% of the stock is owned by institutional investors and hedge funds.
Helen of Troy Company Profile
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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