Helen of Troy (NASDAQ:HELE) Releases Quarterly Earnings Results, Misses Estimates By $0.60 EPS

Helen of Troy (NASDAQ:HELE) released its quarterly earnings results on Tuesday. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.60), Briefing.com reports. Helen of Troy had a return on equity of 11.65% and a net margin of 8.41%. The company had revenue of $416.80 million for the quarter, compared to analyst estimates of $445.85 million. During the same quarter last year, the company earned $1.58 EPS. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. Helen of Troy updated its FY25 guidance to $7.00-7.50 EPS and its FY 2025 guidance to 7.000-7.500 EPS.

Helen of Troy Stock Performance

Shares of HELE traded up $2.76 during mid-day trading on Thursday, hitting $64.52. 963,693 shares of the company’s stock were exchanged, compared to its average volume of 317,776. Helen of Troy has a fifty-two week low of $60.00 and a fifty-two week high of $143.68. The firm has a market capitalization of $1.47 billion, a P/E ratio of 8.75, a P/E/G ratio of 1.38 and a beta of 0.84. The business’s 50 day moving average is $98.88 and its two-hundred day moving average is $109.30. The company has a current ratio of 1.87, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com downgraded shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday. DA Davidson downgraded shares of 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 report on Wednesday. Canaccord Genuity Group cut their price objective on shares of Helen of Troy from $137.00 to $84.00 and set a “buy” rating for the company in a report on Wednesday. Finally, UBS Group cut their price objective on shares of Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HELE. CWM LLC increased its holdings 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. Virtu Financial LLC acquired a new stake in shares of Helen of Troy in the first quarter valued at approximately $815,000. Kennedy Capital Management LLC grew its position in shares of Helen of Troy by 58.4% in the first quarter. Kennedy Capital Management LLC now owns 87,701 shares of the company’s stock valued at $10,107,000 after purchasing an additional 32,321 shares during the last quarter. Earnest Partners LLC grew its position in shares of Helen of Troy by 10.9% in the first quarter. Earnest Partners LLC now owns 648,515 shares of the company’s stock valued at $74,735,000 after purchasing an additional 63,595 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Helen of Troy by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,292 shares of the company’s stock valued at $2,109,000 after purchasing an additional 848 shares during the last quarter.

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.