Helen of Troy Ltd. (HELE) Issues FY17 Earnings Guidance
Helen of Troy Ltd. (NASDAQ:HELE) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $5.85-6.35 for the period, compared to the Thomson Reuters consensus EPS 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.
A number of research firms have issued reports on HELE. Jefferies Group set a $114.00 target price on Helen of Troy and gave the company a buy rating in a report on Monday, August 1st. Zacks Investment Research lowered Helen of Troy from a buy rating to a hold rating in a report on Tuesday, September 6th. Sidoti assumed coverage on Helen of Troy in a report on Thursday, August 25th. They set a neutral rating and a $102.00 price objective on the stock. Finally, KeyCorp reissued a hold rating on shares of Helen of Troy in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $110.25.
Helen of Troy Ltd. (NASDAQ:HELE) opened at 86.87 on Friday. Helen of Troy Ltd. has a 52-week low of $82.28 and a 52-week high of $106.50. The company’s 50 day moving average price is $88.77 and its 200 day moving average price is $97.32. The company has a market cap of $2.42 billion, a P/E ratio of 24.78 and a beta of 1.00.
Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Thursday, October 6th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.17. The firm had revenue of $368.17 million for the quarter, compared to analyst estimates of $369.99 million. Helen of Troy had a return on equity of 18.62% and a net margin of 6.45%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share. Equities research analysts anticipate that Helen of Troy Ltd. will post $6.16 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in HELE. State Street Corp raised its stake in Helen of Troy by 31.2% in the second quarter. State Street Corp now owns 1,061,087 shares of the company’s stock valued at $109,122,000 after buying an additional 252,621 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Helen of Troy by 19.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 836,180 shares of the company’s stock valued at $85,993,000 after buying an additional 136,461 shares in the last quarter. Guggenheim Capital LLC raised its stake in Helen of Troy by 415.5% in the second quarter. Guggenheim Capital LLC now owns 88,622 shares of the company’s stock valued at $9,114,000 after buying an additional 71,431 shares in the last quarter. BlackRock Investment Management LLC raised its stake in Helen of Troy by 49.8% in the second quarter. BlackRock Investment Management LLC now owns 173,452 shares of the company’s stock valued at $17,838,000 after buying an additional 57,651 shares in the last quarter. Finally, American International Group Inc. raised its stake in Helen of Troy by 212.6% in the second quarter. American International Group Inc. now owns 68,970 shares of the company’s stock valued at $7,093,000 after buying an additional 46,904 shares in the last quarter. Hedge funds and other institutional investors own 94.68% 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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