$472.22 Million in Sales Expected for Helen of Troy Limited (NASDAQ:HELE) This Quarter – MarketBeat
Brokerages expect Helen of Troy Limited (NASDAQ:HELE – Get Rating) to post $472.22 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Helen of Troy’s earnings. The highest sales estimate is $473.20 million and the lowest is $471.24 million. Helen of Troy reported sales of $509.38 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.3%. The business is expected to announce its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Helen of Troy will report full-year sales of $2.11 billion for the current financial year. For the next year, analysts expect that the company will post sales of $2.35 billion, with estimates ranging from $2.31 billion to $2.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Helen of Troy.
Several research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Helen of Troy in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Sidoti upgraded shares of Helen of Troy from a “neutral” rating to a “buy” rating and set a $263.00 price objective for the company in a research report on Monday, February 7th. DA Davidson reduced their target price on shares of Helen of Troy from $266.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, January 7th. Finally, Zacks Investment Research downgraded shares of Helen of Troy from a “strong-buy” rating to a “hold” rating and set a $216.00 price objective for the company. in a research note on Tuesday, March 8th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $244.67.
Several large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in Helen of Troy in the fourth quarter valued at about $263,020,000. Janus Henderson Group PLC purchased a new position in Helen of Troy in the third quarter valued at about $119,979,000. Capital International Investors boosted its stake in Helen of Troy by 37.8% in the fourth quarter. Capital International Investors now owns 1,416,328 shares of the company’s stock valued at $346,250,000 after acquiring an additional 388,569 shares during the last quarter. Norges Bank purchased a new position in Helen of Troy in the fourth quarter valued at about $41,992,000. Finally, Cooke & Bieler LP boosted its stake in Helen of Troy by 13.4% in the third quarter. Cooke & Bieler LP now owns 1,351,011 shares of the company’s stock valued at $303,545,000 after acquiring an additional 159,776 shares during the last quarter.
Helen of Troy stock opened at $204.62 on Friday. Helen of Troy has a 52 week low of $189.65 and a 52 week high of $256.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.93 and a current ratio of 1.86. The firm has a market capitalization of $4.94 billion, a PE ratio of 24.30, a PEG ratio of 2.27 and a beta of 0.82. The business’s 50-day simple moving average is $203.19 and its 200-day simple moving average is $222.56.
About Helen of Troy (Get Rating)
Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. The company operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization …….