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Category: Stock Market and Helen of Troy
Date: 10 July 2020 Stock Price of Helen of Troy: $204.97 We take a look at the 1st quarter earnings report of their 2021 fiscal year of Helen of Troy, a global consumer products company whose brands include Vicks, Hydro flask, OXO and Braun. The group saw their turnover increase by 11.8% compared to the same quarter of the previous year.
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We are pleased to announce excellent first quarter results. Our diversified portfolio performed well and again demonstrated its resiliency. I could not be prouder of how our organization adapted quickly to navigate successfully in what is arguably the most challenging business environment most of us have ever seen"
About Helen of Troy
Helen of Troy Limited (NASDAQ: HELE) is a leading global consumer products company offering creative solutions for its customers through a strong portfolio of well-recognized and widely-trusted brands, including OXO, Hydro Flask, Vicks, Braun, Honeywell, PUR, and Hot Tools. All trademarks herein belong to Helen of Troy Limited (or its affiliates) and/or are used under license from their respective licensors.
The image below shows the evolution of Helen of Troy from a beauty only company in the 1960's to the current state which includes Beauty, Health and Home and Housewares.
The image below shows the evolution of Helen of Troy from a beauty only company in the 1960's to the current state which includes Beauty, Health and Home and Housewares.
Overview of Helen of Troy's 1st quarter 2021 earnings report
- Total Revenues: $420.835 million (up from $376.335 million for the same quarter of the previous year)
- Total Revenues increased by 11.8% over the last 12 months
- Cost of sales: $241.534 million (up from $222.608 million for the same quarter of the previous year)
- Cost of sales increased by 8.5% over the last 12 months
- Net income: $60.286 million (up from $40.69437.792 million for the same quarter of the previous year)
- Diluted earnings per share: $2.37 (up from $1.61 for the same quarter of the previous year)
- PE ratio: 21.6
- Diluted weighted-average shares outstanding: 25.397 million (up from 25.245 million for the same quarter of the previous year)
- Cash and cash equivalents: $18.375 million
- Cash and cash equivalents per share: $0.73
- Cash and cash equivalents makes up 0.45% of Helen of Troy's market capital
- Cash and cash equivalents makes up 1.07% of Helen of Troy's total assets
- Accounts receivable: $262.511 million
- Accounts receivable makes up 15.4% of Helen of Troy's total assets
- Cash generated from operations: $15.676 million
- Cash generated from operations per share: $0.62
- Stockholders equity of Helen of Troy: $1.036 billion
- Stockholders equity per share: $41.03
- So Helen of Troy is trading at 3.89 times its stockholders equity which is within the expected range of between 2 and 4 times that most firms tend to trade at.
Helen of Troy's management commentary on the results and business outlook
EL PASO, Texas--(BUSINESS WIRE)-- Helen of Troy Limited (NASDAQ: HELE), designer, developer and worldwide marketer of consumer brand-name housewares, health and home and beauty products, today reported results for the three-month period ended May 31, 2020.
Julien R. Mininberg, Chief Executive Officer, stated: “We are pleased to announce excellent first quarter results. Our diversified portfolio performed well and again demonstrated its resiliency. I could not be prouder of how our organization adapted quickly to navigate successfully in what is arguably the most challenging business environment most of us have ever seen. During the quarter we delivered consolidated net sales growth of 11.8% and adjusted diluted EPS growth of 22.8%. Our Health & Home segment led the way with sales growth of 29%. Beauty and Housewares both held up very well in the face of many store closures and the unprecedented level of unemployment and personal disruption due to COVID-19. Beauty sales grew 5% including Drybar. Housewares declined only 3% off of a year ago base that grew 23% year over year. International performance was a standout in the quarter, growing faster than consolidated sales. Sales for our Leadership Brands grew 15.7%. Online sales grew significantly to now represent approximately 28% of consolidated sales as so many of the world's consumers shifted more of their purchases from bricks to clicks
Julien R. Mininberg, Chief Executive Officer, stated: “We are pleased to announce excellent first quarter results. Our diversified portfolio performed well and again demonstrated its resiliency. I could not be prouder of how our organization adapted quickly to navigate successfully in what is arguably the most challenging business environment most of us have ever seen. During the quarter we delivered consolidated net sales growth of 11.8% and adjusted diluted EPS growth of 22.8%. Our Health & Home segment led the way with sales growth of 29%. Beauty and Housewares both held up very well in the face of many store closures and the unprecedented level of unemployment and personal disruption due to COVID-19. Beauty sales grew 5% including Drybar. Housewares declined only 3% off of a year ago base that grew 23% year over year. International performance was a standout in the quarter, growing faster than consolidated sales. Sales for our Leadership Brands grew 15.7%. Online sales grew significantly to now represent approximately 28% of consolidated sales as so many of the world's consumers shifted more of their purchases from bricks to clicks
Mr. Mininberg concluded: “While we are pleased with our first quarter results, the net impact of the pandemic on our consumers and supply is still very fluid and uncertain and, as a result, we will not be providing fiscal 2021 guidance at this time. Despite the uncertainty, we are generally encouraged by the current trends and prospects for our business and are therefore using the strength from the first quarter to lean back in on many of the key initiatives chosen to further help us deliver on our Phase II Transformation goals. We believe we have struck the right balance between the uncertainties of the external environment and our strong commitment to doing what is bold and right for executing the strategic choices underlying our multi-year trajectory of transformation.”
Helen of Troy (NASDAQ: HELE) stock price history
The image below, obtained from Google, shows the stock price history of Helen of Troy over the last 5 years. And it's been a very good time for Helen of Troy's stockholders.5 years ago the stock was trading at around $86.70 a stock and its currently trading at $204.97 a stock. That's a very strong return of 136.3% provided to Helen of Troy stockholders over the last 5 years.
The stock of Helen of Troy is trading at a lot closer to its 52 week high of $209.99 than it is to its 52 week low of $104.02 which to us is a clear indication that the short term sentiment and momentum of Helen of Troy's stock is very positive at this point in time.
The stock of Helen of Troy is trading at a lot closer to its 52 week high of $209.99 than it is to its 52 week low of $104.02 which to us is a clear indication that the short term sentiment and momentum of Helen of Troy's stock is very positive at this point in time.
Helen of Troy (NASDAQ: HELE) stock price history since its listing
Recent coverage of Helen of Troy
The extract below discusses Domino's upcoming earnings release as obtained from TheStreet.com
Helen of Troy Limited [HELE] stock is down -0.05 while the S&P 500 has fallen -1.46% on Wednesday, 07/08/20. While at the time of this article, HELE ATR is sitting at 6.02, with the beta value at 0.95. This stock’s volatility for the past week remained at 2.74%, while it was 3.18% for the past 30-day period. HELE has fallen -$0.1 from the previous closing price of $195.10 on volume of 0.28 million shares.
On 9, July 2020, Helen of Troy Limited Reports First Quarter Fiscal 2021 Results. According to news published on Yahoo Finance, Consolidated Net Sales Growth of 11.8%; Organic Business Net Sales Growth of 11.1%GAAP Diluted Earnings Per Share (“EPS”) of $2.37Adjusted Diluted EPS Growth of 22.8% to $2.53Defers Initiation of Fiscal 2021 Outlook Due to Uncertainty from COVID-19 Pandemic.
Analyst Birdseye View:The most recent analyst activity for Helen of Troy Limited [NASDAQ:HELE] stock was on July 10, 2019, when it was Reiterated with a Buy rating from BofA/Merrill, which also raised its 12-month price target on the stock from $160 to $165. On May 08, 2019, Sidoti Downgrade a Neutral rating. On July 10, 2018, BofA/Merrill Upgrade a Buy rating and increased its price target to $127. On March 29, 2018, DA Davidson Initiated a Buy rating and increased its price target to $100. On September 12, 2017, CL King Initiated a Buy rating and boosted its amount on this stock to $104. On August 29, 2017, BofA/Merrill Initiated an Underperform rating and boosted its target amount on this stock to $87.
In the past 52 weeks of trading, this stock has oscillated between a low of $104.01 and a peak of $198.59. At the most recent market close, shares of Helen of Troy Limited [NASDAQ:HELE] were valued at $195.00.
Read the full article here
Helen of Troy Limited [HELE] stock is down -0.05 while the S&P 500 has fallen -1.46% on Wednesday, 07/08/20. While at the time of this article, HELE ATR is sitting at 6.02, with the beta value at 0.95. This stock’s volatility for the past week remained at 2.74%, while it was 3.18% for the past 30-day period. HELE has fallen -$0.1 from the previous closing price of $195.10 on volume of 0.28 million shares.
On 9, July 2020, Helen of Troy Limited Reports First Quarter Fiscal 2021 Results. According to news published on Yahoo Finance, Consolidated Net Sales Growth of 11.8%; Organic Business Net Sales Growth of 11.1%GAAP Diluted Earnings Per Share (“EPS”) of $2.37Adjusted Diluted EPS Growth of 22.8% to $2.53Defers Initiation of Fiscal 2021 Outlook Due to Uncertainty from COVID-19 Pandemic.
Analyst Birdseye View:The most recent analyst activity for Helen of Troy Limited [NASDAQ:HELE] stock was on July 10, 2019, when it was Reiterated with a Buy rating from BofA/Merrill, which also raised its 12-month price target on the stock from $160 to $165. On May 08, 2019, Sidoti Downgrade a Neutral rating. On July 10, 2018, BofA/Merrill Upgrade a Buy rating and increased its price target to $127. On March 29, 2018, DA Davidson Initiated a Buy rating and increased its price target to $100. On September 12, 2017, CL King Initiated a Buy rating and boosted its amount on this stock to $104. On August 29, 2017, BofA/Merrill Initiated an Underperform rating and boosted its target amount on this stock to $87.
In the past 52 weeks of trading, this stock has oscillated between a low of $104.01 and a peak of $198.59. At the most recent market close, shares of Helen of Troy Limited [NASDAQ:HELE] were valued at $195.00.
Read the full article here
HydroFlask a brand owned by Helen of Troy
Helen of Troy (NASDAQ: HELE) latest stock valuation
So what is Helen of Troy's stock worth based on the release of their latest earnings report? Based on the group's latest earnings and their outlook provided our valuation model provides a target (full value) price at $174.10 a Helen of Troy stock. We therefore believe that the stock of Helen of Troy is overvalued.
We usually suggest long term fundamental or value investors look to enter into a stock at least 10% below our target (full value) price which in this case is $174.10. Thus we see a good entry point into Helen of Troy's stock at $156.70 or below. We believe that Helen of Troy's stock will pull back in coming weeks and months to levels closer to our target price (full value price).
Since the stock of Helen of Troy (HELE) is trading at well above our suggested entry point we rate the stock of HELE as a sell
We usually suggest long term fundamental or value investors look to enter into a stock at least 10% below our target (full value) price which in this case is $174.10. Thus we see a good entry point into Helen of Troy's stock at $156.70 or below. We believe that Helen of Troy's stock will pull back in coming weeks and months to levels closer to our target price (full value price).
Since the stock of Helen of Troy (HELE) is trading at well above our suggested entry point we rate the stock of HELE as a sell
Next earnings release of Helen of Troy
It is expected that Helen of Troy will release their 2nd quarter 2021 earnings report in early September 2020