Helen of Troy (NASDAQ:HELE) Posts Quarterly Earnings Results, Misses Expectations By $0.50 EPS

Helen of Troy (NASDAQ:HELE - Get Free Report) announced its earnings results on Thursday. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.50), RTT News reports. Helen of Troy had a positive return on equity of 8.96% and a negative net margin of 17.89%. The company had revenue of $371.66 million for the quarter, compared to the consensus estimate of $400.69 million. During the same period in the previous year, the firm posted $0.99 EPS. The business's quarterly revenue was down 10.8% on a year-over-year basis.

Helen of Troy Trading Down 5.9%

HELE traded down $1.41 during trading on Friday, reaching $22.55. 2,459,090 shares of the company's stock were exchanged, compared to its average volume of 614,507. Helen of Troy has a one year low of $21.20 and a one year high of $77.95. The company has a current ratio of 1.70, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $517.30 million, a PE ratio of -1.55, a price-to-earnings-growth ratio of 1.08 and a beta of 0.87. The firm has a fifty day moving average price of $28.16 and a two-hundred day moving average price of $43.50.

Institutional Investors Weigh In On Helen of Troy

A number of institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in Helen of Troy during the first quarter worth $14,013,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Helen of Troy by 16.3% during the first 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 buying an additional 10,397 shares during the last quarter. Royal Bank of Canada raised its holdings in Helen of Troy by 60.2% during the first quarter. Royal Bank of Canada now owns 7,102 shares of the company's stock worth $380,000 after buying an additional 2,670 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Helen of Troy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,533 shares of the company's stock worth $724,000 after buying an additional 563 shares during the last quarter.

Wall Street Analyst Weigh In

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

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.