Stock Alert: Helen Of Troy Shares Hit 52-Week High

(RTTNews) - Shares of Helen of Troy Ltd. (HELE) touched a 52-week high of $209.80 Thursday morning, and are currently trading at $201.90, up $6.80 or 3.49%. The company today reported upbeat Q1 results.

The company's Q1 net income was $60.3 million or $2.37 per share compared to $40.7 million, or $1.61 per share last year.

Adjusted income increased 23.2%, to $64.2 million or $2.53 per share from $52.1 million or $2.06 per share a year ago. The 22.8% growth in adjusted EPS was primarily due to higher operating income in the Health and Home segment.

Consolidated net sales revenue increased 11.8% to $420.8 million from the previous year's sales of $376.3 million, driven by an Organic business net sales increase of $41.7 million, or 11.1%, primarily reflecting growth in domestic brick and mortar and international sales in Health and Home segment, and consolidated online sales.

Analysts polled by Thomson Reuters expected earnings of $1.49 per share on revenue of $347.08 million for the quarter. Analysts' estimate typically exclude certain special items.