Newell Rubbermaid Inc. (NWL), Jarden Corp (JAH): Housewares Have a Spot in Your Cupboard And Your Portfolio

Jarden Corp (NYSE:JAH) is also buying back stock. In the first quarter, the company launched a $250 million share-repurchase program that will be completed this summer. For fiscal 2013, Jarden Corp (NYSE:JAH) expects full-year earnings to be $3.20 to $3.25 per share, up from the prior guidance of $3.03 to $3.13.

Products found in your bathroom cupboard

Helen of Troy Limited (NASDAQ:HELE) beat earnings estimates with its latest quarterly report last week. The market was expecting earnings of $0.71 per share and the company came in at $0.82 per share. The stock hit a new 52-week high on the earnings beat. Revenue for the quarter was $304.5 million compared to expectations for $301.2 million.

Going forward, the positive earnings trend looks set to continue this year. A key reason for this is expanded shelf space at several key retailers and a new 1.3-million square-foot distribution facility that the company is opening this year in Mississippi. Helen of Troy is also launching several new products this year in its housewares and healthcare/home environment segments to boost revenue.

Helen of Troy Limited (NASDAQ:HELE) also has significant opportunities for expansion overseas. The company currently only gets 16% of its revenue from outside the U.S., and that’s primarily from Europe and Latin America. An expansion into Asia would certainly boost growth.

Foolish assessment

After the recent earnings beat, my favorite would be Helen of Troy Limited (NASDAQ:HELE). Its forward P/E is only 12.7 and the PEG ratio is less than 1 at 0.8. My second favorite is Jarden. Its forward P/E is 12.2, but it has a higher PEG ratio of 1.3. Newell Rubbermaid Inc. (NYSE:NWL) is slightly more expensive with a forward P/E of 13.4 and a PEG ratio of 1.6. However, Newell Rubbermaid Inc. (NYSE:NWL) has a dividend yield of 2.3%. In the end, buying what you know has been a proven winner and all three have been good performers over the past year.

Mark Yagalla has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Mark is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

The article Housewares Have a Spot in Your Cupboard And Your Portfolio originally appeared on Fool.com is written by Mark Yagalla.

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