Helen of Troy (NASDAQ:HELE) Announces Earnings Results

Helen of Troy (NASDAQ:HELE) issued its earnings results on Wednesday. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.16, Briefing.com reports. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $458.85 million. Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS.

Helen of Troy Price Performance

NASDAQ:HELE opened at $73.52 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.87. The company has a 50-day moving average of $56.24 and a 200-day moving average of $80.66. Helen of Troy has a 52 week low of $48.05 and a 52 week high of $127.83. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.18 and a beta of 0.86.

Hedge Funds Weigh In On Helen of Troy

Hedge funds have recently modified their holdings of the stock. CWM LLC boosted its position in Helen of Troy by 374.6% in the second quarter. CWM LLC now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 221 shares in the last quarter. nVerses Capital LLC bought a new stake in Helen of Troy during the 2nd quarter worth approximately $28,000. YHB Investment Advisors Inc. acquired a new stake in Helen of Troy during the 1st quarter valued at $29,000. Bessemer Group Inc. raised its position in Helen of Troy by 153.7% in the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock valued at $67,000 after purchasing an additional 349 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Helen of Troy in the first quarter worth $201,000.

Helen of Troy declared that its Board of Directors has initiated a share repurchase plan on Thursday, September 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 39.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HELE shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $84.00 price objective on shares of Helen of Troy in a report on Monday. UBS Group lowered their price objective on Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. DA Davidson downgraded Helen of Troy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $139.00 to $67.00 in a research note on Wednesday, July 10th. Finally, StockNews.com cut Helen of Troy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th.

About Helen of Troy

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 in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.