Helen of Troy limited (NASDAQ: HELE – Get a rating) – Equity research analysts DA Davidson cut their fiscal 2023 earnings per share estimates for Helen of Troy in a note to investors on Thursday, April 28. DA Davidson analyst L. Weiser now expects the company to post earnings per share of $11.52 for the year, down from its previous estimate of $11.73. DA Davidson has a “Neutral” rating and a price target of $255.00 on the stock.
Helen of Troy (NASDAQ: HELE – Get a rating) last reported results on Wednesday, April 27. The company reported earnings per share of $2.51 for the quarter, beating Thomson Reuters consensus estimate of $1.71 by $0.80. The company posted revenue of $582.00 million for the quarter, versus a consensus estimate of $471.45 million. Helen of Troy had a net margin of 9.58% and a return on equity of 19.61%. The company’s quarterly revenue increased by 14.3% compared to the same quarter last year. In the same quarter a year earlier, the company earned earnings per share of $1.36.
Other analysts have also recently published research reports on the stock. Sidoti upgraded shares of Helen of Troy from a “neutral” rating to a “buy” rating and set a target price of $263.00 on the stock in a Monday, February 7 report. StockNews.com began covering Helen of Troy stocks in a report on Thursday, March 31. They have placed a “holding” rating on the stock. To finish, Zacks Investment Research downgraded shares of Helen of Troy from a “strong buy” rating to a “hold” rating and set a price target of $216.00 for the stock. in a report on Tuesday, March 8.
Shares of NASDAQ: HELE opened at $219.86 on Friday. The company has a market capitalization of $5.31 billion, a price/earnings ratio of 26.11, a PEG ratio of 2.33 and a beta of 0.82. The company’s 50-day simple moving average is $204.32 and its 200-day simple moving average is $221.39. The company has a quick ratio of 0.93, a current ratio of 1.86 and a leverage ratio of 0.33. Helen of Troy has a fifty-two week low of $189.65 and a fifty-two week high of $256.26.
A number of hedge funds have recently increased or reduced their holdings in the stock. Summit Global Investments increased its holdings in Helen of Troy by 3.4% in the first quarter. Summit Global Investments now owns 7,784 shares of the company worth $1,524,000 after buying 258 additional shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in Helen of Troy during the first quarter worth approximately $3,584,000. TownSquare Capital LLC increased its position in Helen of Troy by 25.9% during the first quarter. TownSquare Capital LLC now owns 2,540 shares of the company worth $497,000 after acquiring 522 additional shares in the last quarter. Exchange Traded Concepts LLC increased its position in Helen of Troy by 11.4% during the first quarter. Exchange Traded Concepts LLC now owns 2,891 shares of the company worth $566,000 after acquiring 296 additional shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Helen of Troy by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the company worth $1,345,000 after acquiring 100 additional shares last quarter.
Helen of Troy Company Profile (Get a rating)
Helen of Troy Limited designs, develops, imports, markets and distributes a portfolio of consumer products worldwide. The Company operates in three segments: Household Goods, Health and Home, and Beauty. The Household Goods segment offers food and beverage preparation tools and gadgets, storage containers and organization products; coffee pots, grinders, hand pourers and tea kettles; household cleaning products, shower organization and bathroom accessories; food and watering products, products for child seats, cleaning tools and childcare accessories; and insulated water bottles, carafes, thermoses, glasses, travel mugs, and food containers and accessories.
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