Helen of Troy (NASDAQ: HELE) Releases FY22 Profit Guidance
Helen of Troy (NASDAQ: HELE) on Thursday updated her earnings guidance for fiscal year 22. The company provided earnings per share (EPS) guidance of $ 11.73 to $ 11.93 for the period, per compared to Thomson Reuters consensus estimate of $ 11.36. The company released a revenue forecast of $ 2.095 billion to $ 2.115 billion, compared to a consensus revenue estimate of $ 2.07 billion.
NASDAQ HELE shares opened at $ 240.47 on Thursday. The company’s 50-day moving average is $ 242.57. The company has a current ratio of 1.82, a quick ratio of 0.81 and a debt ratio of 0.37. Helen of Troy has a one-year low at $ 201.02 and a one-year high at $ 265.97. The stock has a market cap of $ 5.80 billion, a P / E ratio of 27.77, a price / earnings-growth ratio of 3.11, and a beta of 0.79.
Helen of Troy (NASDAQ: HELE) last released its quarterly results on Wednesday, October 6. The company reported earnings per share of $ 2.65 for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.83 of $ 0.82. Helen of Troy had a return on equity of 20.99% and a net margin of 9.92%. The company posted revenue of $ 475.20 million for the quarter, compared to a consensus estimate of $ 428.16 million. In the same quarter of the previous year, the company made EPS of $ 3.77. Helen of Troy’s revenue was down 10.5% year-over-year. Analysts predict that Helen of Troy will post 9.82 EPS for the current year.
HELE has been the subject of several recent research reports. DA Davidson raised its price target on Helen of Troy from $ 254.00 to $ 266.00 and rated the stock neutral in a report released on Wednesday, December 1. They noted that the move was an appraisal call. Zacks Investment Research downgraded Helen of Troy from a maintain rating to a buy rating and set a price target of $ 255.00 on the stock in a report released Thursday.
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Meanwhile, CFO Brian Grass sold 2,000 shares of the company in a transaction dated Wednesday, October 13. The stock was sold for an average price of $ 221.50, for a total trade of $ 443,000.00. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible through this link. In addition, CEO Julien Mininberg sold 6,644 shares of the company in a transaction dated Friday, November 12. The stock was sold for an average price of $ 245.93, for a total value of $ 1,633,958.92. Disclosure of this sale can be found here. Company insiders own 0.93% of the company’s shares.
A hedge fund recently increased its stake in shares of Helen of Troy. UBS Group AG increased its position in Helen of Troy Limited (NASDAQ: HELE) by 0.5% in the third quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The company held 10,501 shares of the company after purchasing 48 additional shares during the quarter. UBS Group AG’s holdings in Helen of Troy were worth $ 2,359,000 at the end of the last quarter.
About Helen of Troy
Helen of Troy Ltd. is engaged in the manufacture and distribution of personal and household care products. It operates in the following segments: housewares, health care, and home and beauty. The Housewares segment offers food preparation tools, containers, electronics, baby care and cleaning products.
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