Helen of Troy Limited (HELE) Receives Daily News Sentiment Rating of -0.02
Media coverage about Helen of Troy Limited (NASDAQ:HELE) has trended somewhat negative this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Helen of Troy Limited earned a news sentiment score of -0.02 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.9427994503584 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Helen of Troy Limited (NASDAQ:HELE) traded up 0.60% on Friday, reaching $100.80. 109,393 shares of the company traded hands. Helen of Troy Limited has a one year low of $77.50 and a one year high of $101.60. The firm’s 50 day moving average is $94.92 and its 200 day moving average is $94.21. The company has a market capitalization of $2.74 billion, a P/E ratio of 21.88 and a beta of 0.95.
Helen of Troy Limited (NASDAQ:HELE) last released its quarterly earnings data on Monday, July 10th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. The business had revenue of $359.61 million for the quarter, compared to analyst estimates of $358.40 million. Helen of Troy Limited had a return on equity of 17.70% and a net margin of 8.23%. Helen of Troy Limited’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $1.27 earnings per share. Analysts expect that Helen of Troy Limited will post $6.73 earnings per share for the current fiscal year.
Helen of Troy Limited announced that its board has authorized a stock repurchase plan on Monday, May 15th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Helen of Troy Limited from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Sidoti restated a “buy” rating and issued a $108.00 target price (down previously from $112.00) on shares of Helen of Troy Limited in a research note on Saturday, April 29th. Finally, Zacks Investment Research downgraded shares of Helen of Troy Limited from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Helen of Troy Limited currently has an average rating of “Buy” and a consensus target price of $102.75.
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In related news, Director Gary B. Abromovitz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $94.76, for a total value of $284,280.00. Following the sale, the director now directly owns 8,743 shares of the company’s stock, valued at $828,486.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Richard J. Oppenheim sold 1,058 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $95.40, for a total value of $100,933.20. Following the completion of the sale, the vice president now directly owns 756 shares in the company, valued at $72,122.40. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.
About Helen of Troy Limited
Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has four segments. The Housewares segment provides a range of consumer products for the home.
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