Helen of Troy (NASDAQ:HELE) Announces Quarterly Earnings Results

Helen of Troy (NASDAQ:HELE - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.50), RTT News reports. The business had revenue of $371.66 million during the quarter, compared to analysts' expectations of $400.69 million. Helen of Troy had a net margin of 6.49% and a return on equity of 8.93%. The firm's quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share.

Helen of Troy Trading Down 5.5%

HELE traded down $1.32 during mid-day trading on Friday, hitting $22.64. 1,606,456 shares of the stock were exchanged, compared to its average volume of 613,092. The firm's fifty day moving average is $28.27 and its two-hundred day moving average is $44.02. Helen of Troy has a 1-year low of $21.20 and a 1-year high of $77.95. The company has a current ratio of 2.00, a quick ratio of 1.03 and a debt-to-equity ratio of 0.54. The company has a market cap of $519.36 million, a PE ratio of 4.19, a PEG ratio of 1.48 and a beta of 0.87.

Hedge Funds Weigh In On Helen of Troy

Several hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Helen of Troy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,533 shares of the company's stock worth $724,000 after acquiring an additional 563 shares in the last quarter. Royal Bank of Canada lifted its stake in Helen of Troy by 60.2% during the 1st quarter. Royal Bank of Canada now owns 7,102 shares of the company's stock worth $380,000 after acquiring an additional 2,670 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Helen of Troy by 16.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,309 shares of the company's stock worth $3,975,000 after purchasing an additional 10,397 shares during the period. Finally, Millennium Management LLC purchased a new stake in Helen of Troy during the 1st quarter worth about $14,013,000.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen cut Helen of Troy from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. UBS Group set a $29.00 price target on Helen of Troy and gave the company a "neutral" rating in a research note on Friday. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and issued a $26.00 price target (down previously from $47.00) on shares of Helen of Troy in a research note on Friday.

Helen of Troy Company Profile

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.