Helen of Troy (NASDAQ:HELE) posted its earnings results on Tuesday. The company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.24, MarketWatch Earnings reports. Helen of Troy had a return on equity of 19.39% and a net margin of 7.00%. The company had revenue of $431.10 million for the quarter, compared to the consensus estimate of $425.76 million. During the same period in the previous year, the business earned $2.52 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Helen of Troy updated its FY 2019 guidance to $7.70-7.95 EPS and its FY19 guidance to $7.70-7.95 EPS.
Shares of NASDAQ HELE opened at $111.88 on Thursday. The company has a current ratio of 2.14, a quick ratio of 1.18 and a debt-to-equity ratio of 0.28. Helen of Troy has a fifty-two week low of $81.10 and a fifty-two week high of $145.46. The company has a market capitalization of $3.54 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 3.08 and a beta of 0.82.
A number of brokerages have issued reports on HELE. Bank of America set a $151.00 price objective on Helen of Troy and gave the company a “buy” rating in a research report on Monday, November 19th. Zacks Investment Research downgraded Helen of Troy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 11th. BidaskClub upgraded Helen of Troy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $148.00 price target on shares of Helen of Troy in a report on Wednesday, October 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $141.67.
In other news, Director Gary B. Abromovitz sold 640 shares of the stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $123.00, for a total value of $78,720.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary B. Abromovitz sold 500 shares of the stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $125.25, for a total value of $62,625.00. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Helen of Troy by 1.0% in the third quarter. BlackRock Inc. now owns 3,059,779 shares of the company’s stock worth $400,526,000 after purchasing an additional 30,063 shares in the last quarter. Vanguard Group Inc. grew its stake in Helen of Troy by 0.7% in the third quarter. Vanguard Group Inc. now owns 2,369,993 shares of the company’s stock worth $310,232,000 after purchasing an additional 16,942 shares in the last quarter. Vanguard Group Inc grew its stake in Helen of Troy by 0.7% in the third quarter. Vanguard Group Inc now owns 2,369,993 shares of the company’s stock worth $310,232,000 after purchasing an additional 16,942 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Helen of Troy by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,165,703 shares of the company’s stock worth $152,590,000 after purchasing an additional 4,268 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Helen of Troy by 1,338.9% in the second quarter. Schroder Investment Management Group now owns 916,725 shares of the company’s stock worth $66,645,000 after purchasing an additional 853,013 shares in the last quarter. 94.13% of the stock is currently owned by institutional investors.
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Helen of Troy Company Profile
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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