Helen of Troy (NASDAQ:HELE) Releases Quarterly Earnings Results, Beats Estimates By $0.41 EPS

Helen of Troy (NASDAQ:HELE) posted its quarterly earnings results on Wednesday. The company reported $2.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.41, MarketWatch Earnings reports. Helen of Troy had a net margin of 11.29% and a return on equity of 23.94%. The firm had revenue of $475.20 million for the quarter, compared to the consensus estimate of $428.16 million. During the same period last year, the firm posted $3.77 earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis.

Shares of HELE opened at $230.87 on Friday. Helen of Troy has a 1-year low of $181.85 and a 1-year high of $265.97. The stock has a market cap of $5.56 billion, a PE ratio of 23.13, a P/E/G ratio of 3.23 and a beta of 0.84. The firm has a 50-day simple moving average of $231.23 and a two-hundred day simple moving average of $223.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.85 and a quick ratio of 0.90.

Separately, Zacks Investment Research upgraded shares of Helen of Troy from a “strong sell” rating to a “buy” rating and set a $252.00 price objective for the company in a research report on Wednesday, September 8th.

In other Helen of Troy news, CEO Julien Mininberg sold 2,079 shares of Helen of Troy stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $235.79, for a total transaction of $490,207.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Vincent D. Carson sold 2,525 shares of the firm’s stock in a transaction that occurred on Wednesday, August 11th. The shares were sold at an average price of $234.83, for a total transaction of $592,945.75. The disclosure for this sale can be found here. 0.93% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Helen of Troy stock. Morgan Stanley grew its holdings in Helen of Troy Limited (NASDAQ:HELE) by 10.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,173 shares of the company’s stock after purchasing an additional 10,397 shares during the quarter. Morgan Stanley owned 0.44% of Helen of Troy worth $24,448,000 at the end of the most recent reporting period.

About Helen of Troy

Helen of Troy Ltd. engages in the manufacture and distribution of personal care and household products. It operates through the following segments: Housewares, Healthcare and Home, and Beauty. The Housewares segment offers food preparation tools, containers, electronics, baby care, and cleaning products.

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Earnings History for Helen of Troy (NASDAQ:HELE)

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