Jefferies Reiterates Buy on Helen of Troy (HELE) Following 1Q Results

Jefferies reiterated a Buy rating and $114.00 price target on Helen of Troy (NASDAQ: HELE) following the company's 1Q earnings report. HELE reported a revenue miss of -2.8%. However, despite the topline miss, 1Q GM improved +230bps, compared to the consensus estimates of +150bps.

Analyst Trevor Young commented, "Last night, HELE reported F1Q17 results. Solid GM expansion (+230bps) and a +16% adjusted EPS beat (helped by tax) were overshadowed by a -2.8% ($10m) revenue miss as both nutritional and beauty turned negative. Maintaining FY revenue and adjusted EPS guidance despite worse FX and the 1Q miss are positives and demonstrate portfolio diversity, but we expect short-term share weakness, particularly as beauty declines may get worse before they get better."

For an analyst ratings summary and ratings history on Helen of Troy click here. For more ratings news on Helen of Troy click here.

Shares of Helen of Troy closed at $102.69 yesterday.

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