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

Helen of Troy (NASDAQ:HELE) released its earnings results on Tuesday. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.60), Briefing.com reports. The firm had revenue of $416.80 million for the quarter, compared to analyst estimates of $445.85 million. Helen of Troy had a net margin of 8.41% and a return on equity of 11.65%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. 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 Trading Up 4.5 %

Shares of HELE stock traded up $2.76 during trading hours on Thursday, hitting $64.52. 963,693 shares of the company were exchanged, compared to its average volume of 317,776. The firm has a market cap 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. Helen of Troy has a fifty-two week low of $60.00 and a fifty-two week high of $143.68. 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 simple moving average of $98.88 and a two-hundred day simple moving average of $109.30.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group decreased their target price on shares of Helen of Troy from $100.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com downgraded shares of Helen of Troy from a “buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson downgraded shares of Helen of Troy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $139.00 to $67.00 in a research report on Wednesday. Finally, Canaccord Genuity Group reduced 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 research report on Wednesday.

Hedge Funds Weigh In On Helen of Troy

A number of large investors have recently modified their holdings of HELE. YHB Investment Advisors Inc. bought a new position in Helen of Troy during the 1st quarter valued at $29,000. CWM LLC raised its stake in shares of Helen of Troy by 374.6% during the 2nd quarter. CWM LLC now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares during the period. Bessemer Group Inc. increased its holdings in Helen of Troy by 153.7% in the 1st quarter. Bessemer Group Inc. now owns 576 shares of the company’s stock worth $67,000 after acquiring an additional 349 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Helen of Troy in the 1st quarter worth about $201,000. Finally, ARGA Investment Management LP purchased a new stake in Helen of Troy in the 1st quarter worth about $218,000.

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.