Helen Of Troy Stock Surges 15% As First-Quarter Financials Top Views

Helen of Troy shares (HELE), which were up Monday, rose after the company announced better than expected financial results for its fiscal first quarter.

Helen of Troy's stock rose by around 16% on Monday, to 130.90 during regular trading. The company, which has brands such as Vicks and Braun, Hydro Flask Hydro Flask Osprey Honeywell, Osprey Hydro Flask Hydro, Osprey Hydro, Osprey Hydro, Osprey Hydro, Osprey Hydro, Osprey Hydro, Honeywell, among others, reported Q1 earnings that dropped 19% to 1.94 per share. Sales fell 6% to $475 millions.

Analysts predicted revenue of $465 million and EPS of $1.68.

Helen of Troy reiterated that its adjusted EPS for fiscal 2024 is $8.50 to $9. The company predicts net sales between $1.965 and $2.01 billion for fiscal 2024. The company said it is still dealing with the pressure of consumers who are adjusting their spending habits due to inflation and high rates.

In a press release, HELE's Chief Executive Julien Mininberg stated that HELE retail partners had "normalized" their inventory levels. Mininberg said that retailers "are increasingly matching their orders with consumer demand, after significant adjustments in nearly all consumer discretionary category over the last year."

Helen Of Troy Stock

HELE shares soared over a 125.99-buy point early Monday, according to MarketSmith. Earnings were the reason. Technically, this put Helen of Troy in a range of buys around 4% higher than the entry. However, the fundamentals of the stock are weak and the stock is stretched after a 4-week rise.

HELE has risen 61% from the lows of April 26 (81.14) to 18% by 2023.

Helen of Troy is ranked 11th among the Cosmetics/Personal Care group of IBD. HELE has a composite rating of 55. It has a Relative Strength rating of 69 and an EPS rating of 55.

Coty and Inter Parfums, two other industry groups, also saw their shares rise Monday by 5% and 3,9% respectively.