Helen of Troy Limited (NASDAQ:HELE – Get Rating) – Research analysts at Oppenheimer lowered their Q2 2023 earnings per share estimates for Helen of Troy in a research note issued to investors on Tuesday, July 5th. Oppenheimer analyst R. Parikh now expects that the company will post earnings per share of $2.93 for the quarter, down from their previous estimate of $3.04. The consensus estimate for Helen of Troy’s current full-year earnings is $11.55 per share. Oppenheimer also issued estimates for Helen of Troy’s Q3 2023 earnings at $4.12 EPS, Q4 2023 earnings at $2.10 EPS, FY2023 earnings at $10.66 EPS and FY2024 earnings at $11.66 EPS. Helen of Troy (NASDAQ:HELE – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.54. The business had revenue of $582.00 million during the quarter, compared to the consensus estimate of $471.45 million. Helen of Troy had a return on equity of 20.95% and a net margin of 10.06%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 earnings per share.
Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Helen of Troy from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet downgraded Helen of Troy from a “b-” rating to a “c+” rating in a research report on Thursday, June 16th. DA Davidson reissued a “neutral” rating on shares of Helen of Troy in a research report on Thursday, April 28th. Finally, CL King lowered their price target on Helen of Troy from $282.00 to $206.00 in a research report on Tuesday, June 28th.
Shares of NASDAQ:HELE opened at $169.89 on Thursday. The company has a market cap of $4.07 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.83 and a beta of 0.76. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 0.61. Helen of Troy has a 52 week low of $149.03 and a 52 week high of $256.26. The business has a fifty day simple moving average of $180.39 and a 200-day simple moving average of $201.71.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp raised its stake in Helen of Troy by 15.8% during the first quarter. Van ECK Associates Corp now owns 624 shares of the company’s stock valued at $122,000 after buying an additional 85 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Helen of Troy by 47.9% during the first quarter. Captrust Financial Advisors now owns 874 shares of the company’s stock valued at $171,000 after purchasing an additional 283 shares during the last quarter. Prelude Capital Management LLC bought a new position in shares of Helen of Troy during the first quarter valued at approximately $208,000. Commonwealth Equity Services LLC bought a new position in shares of Helen of Troy during the fourth quarter valued at approximately $213,000. Finally, Quantamental Technologies LLC bought a new position in shares of Helen of Troy during the first quarter valued at approximately $223,000.
In related news, Director Gary B. Abromovitz sold 1,038 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $209.00, for a total value of $216,942.00. Following the transaction, the director now owns 6,047 shares in the company, valued at $1,263,823. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.
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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