Helen of Troy Limited [NASDAQ:HELE] will report earnings after markets close on Thursday, January 7th.
HELE Earnings Forecast For The Current Quarter
Helen of Troy Limited [HELE] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $551.85M and an earnings per share of $3.02 for Nov 2020. Looking further ahead, the company is expected to report revenue of $488.76M at an EPS of $1.78 for Feb 2021. The estimates represent 1.70% and 3.60% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
HELE Earnings Estimates For The Current Year
For the financial year, Helen of Troy Limited [NASDAQ:HELE] is expected to bring in revenue of $1.99B. The returns are nearly $280.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 11.1, higher than that of FY20 by $1.8. Estimates put this year’s earnings growth at 19.40%, 3.50% for the next, and at an annual 9.40% over the next 5-year period. As for sales, forecasts are for an increase of 16.70% in the current fiscal year and a further 1.70% over the following year.
HELE Price Performance
On Wall Street, Helen of Troy Limited [NASDAQ:HELE] finished Tuesday’s session down -0.43% at $219.26. The stock went up to $222.84 at the same session while its lowest single day price was $218.62. In the last five days, it saw a fall of about -3.65%, Helen of Troy Limited shares dropped by almost -1.32% since the beginning of the year. However, the share price has dropped to as low as -4.90% below its one year high. On 01/04/21, the company shares recorded $225.01, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $216.45. The company’s shares have inclined by 20.31% in the past year. The 50-day SMA achieved is $208.55 while the 200-day SMA is $188.02. Volume dropped to 0.17 million from 0.18 million in the previous session.
Helen of Troy Limited [HELE] Valuation Measures
Notably, Helen of Troy Limited [HELE] stock cannot be classified as a good candidate in the listing of underestimated low-priced Household & Personal Products companies to purchase soonest possible with the prevailing 12-month PE ratio of 26.16. The measure means the stock is exchanging at a premium as compared to the 20.05x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.99 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.06 which means HELE serve an unattractive investment opportunity compared to its competitors.
HELE Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 217.64 level, and in case of violation of this particular level, it will cause more drop to 216.02 level. On the upper level, 224.46 is still the key resistance. The stock may increase to the subsequent resistance at 221.86. The Relative Strength Index (RSI) pinned on the 14-day chart is 54.37, implying a neutral technical stance while the MACD stands at -1.94, meaning price will decrease in the next trading period. Percent R indicator moved to 71.54%, implying bearish price movement. Stochastic %K at 40.04% suggest holding the stock.
Is Helen of Troy Limited [NASDAQ:HELE] a Good Buy Right Now?
It should be noted that HELE technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 100% Buy in the last week and compares with 72% Buy in the past month. Data from Helen of Troy Limited’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.2 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.21 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.21 million shares.
What is the short interest in Helen of Troy Limited?
Short interest in the Helen of Troy Limited stock has plunged, decreasing by 70000.0 shares to total 2.93 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.86 million, data from Yahoo Finance shows. The increase of 2.39% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 13.22% of the overall float for the stock.
Helen of Troy Limited’s Biggest Shareholders: Who Owns Helen of Troy Limited [HELE]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 2,523,237 shares or roughly 9.95% of the outstanding HELE shares. This means their shares have reduced by -99,812 from the 2,523,237 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $444,466,876. Details in the latest 13F filings reveal that Capital Research & Management Co disposed off their -3.36% stake valued at $345,581,661 while Fidelity Management & Research Co cut theirs at $344,423,652. During the last quarter, Capital Research & Management Co liquidated -59,401 of its shares in Helen of Troy Limited while Fidelity Management & Research Co sold -260,250 shares. The JPMorgan Investment Management, I’s holdings currently number 989,978 shares at $217062576.28. According to the firm’s last 13F report, William Blair Investment Manageme shares in the company at filing stood at 914,525 shares, roughly $184,724,905.
What are analyst thoughts on Helen of Troy Limited?
Looking forward to the Helen of Troy Limited share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Helen of Troy Limited stock at $240.00 within the next 12 months, which represents almost 8.64 per cent growth from its previous closing price of $219.26. The highest analysts’ target for Helen of Troy Limited stock projections is $250.00 and the lowest one is $230.00. Still, 6 analysts sharing their consensus rating for HELE stock in 2021 agree that it is an Overweight.