NEW YORK (TheStreet) -- Helen of Troy (HELE) shares are down -11.4% to $52.42 on Wednesday after the consumer products manufacturer cut its 2015 fiscal year earnings guidance to between $3.70 and $3.80 per share from its previous guidance of between $4.30 and $4.40.
Helen of Troy also forecast revenue between $1.28 billion and $1.3 billion, analysts are expecting revenue of $1.39 billion.
The company cited weakness in the retail sector as reason for the lowered earnings expectations.
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TheStreet Ratings team rates HELEN OF TROY LTD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate HELEN OF TROY LTD (HELE) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: