Wall Street analysts expect that Helen of Troy Limited (NASDAQ:HELE) will report sales of $358.95 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Helen of Troy’s earnings, with the lowest sales estimate coming in at $354.30 million and the highest estimate coming in at $363.60 million. Helen of Troy reported sales of $376.70 million during the same quarter last year, which indicates a negative year over year growth rate of 4.7%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that Helen of Troy will report full-year sales of $1.55 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report sales of $1.49 billion per share, with estimates ranging from $1.48 billion to $1.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Helen of Troy.
Several equities research analysts recently issued reports on HELE shares. DA Davidson started coverage on Helen of Troy in a research report on Wednesday, March 28th. They set a “buy” rating and a $100.00 price target on the stock. BidaskClub raised Helen of Troy from a “sell” rating to a “hold” rating in a research report on Friday, March 30th. TheStreet lowered Helen of Troy from a “b” rating to a “c” rating in a research report on Monday, January 8th. ValuEngine lowered Helen of Troy from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research lowered Helen of Troy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $101.40.
A number of institutional investors and hedge funds have recently modified their holdings of HELE. Xact Kapitalforvaltning AB bought a new position in shares of Helen of Troy in the 4th quarter valued at $255,000. Meadow Creek Investment Management LLC increased its holdings in Helen of Troy by 25.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 2,838 shares of the company’s stock valued at $273,000 after purchasing an additional 572 shares during the period. Jane Street Group LLC acquired a new stake in Helen of Troy in the fourth quarter valued at $316,000. ING Groep NV increased its holdings in Helen of Troy by 23.4% in the fourth quarter. ING Groep NV now owns 4,114 shares of the company’s stock valued at $396,000 after purchasing an additional 780 shares during the period. Finally, Carillon Tower Advisers Inc. acquired a new stake in Helen of Troy in the fourth quarter valued at $534,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.
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Helen of Troy Company Profile
Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in four segments: Housewares, Health & Home, Nutritional Supplements, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization and bathroom accessories; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.
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