Hain Celestial Group (NASDAQ:HAIN) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.
Other analysts also recently issued research reports about the stock. Jefferies Group reissued a “buy” rating and set a $52.00 target price on shares of Hain Celestial Group in a research report on Monday, August 28th. Maxim Group reissued a “buy” rating and set a $50.00 target price on shares of Hain Celestial Group in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, October 10th. TheStreet downgraded shares of Hain Celestial Group from a “b-” rating to a “c” rating in a research report on Tuesday, November 7th. Finally, Susquehanna Bancshares reissued a “hold” rating and set a $45.00 target price on shares of Hain Celestial Group in a research report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Hain Celestial Group has a consensus rating of “Hold” and an average target price of $41.31.
Hain Celestial Group (NASDAQ:HAIN) opened at $41.14 on Tuesday. Hain Celestial Group has a one year low of $31.01 and a one year high of $45.61. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. The company has a market cap of $4,244.04, a PE ratio of 31.21, a PEG ratio of 1.75 and a beta of 1.26.
Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The company had revenue of $708.30 million for the quarter, compared to analyst estimates of $697.39 million. During the same period in the prior year, the company earned $0.14 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. sell-side analysts forecast that Hain Celestial Group will post 1.67 earnings per share for the current year.
In related news, SVP Michael B. Mcguinness purchased 3,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $34.58 per share, for a total transaction of $121,030.00. Following the acquisition, the senior vice president now directly owns 55,131 shares in the company, valued at $1,906,429.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Dean Hollis purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was bought at an average price of $35.27 per share, with a total value of $352,700.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $352,700. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 68,500 shares of company stock valued at $2,352,730. 12.34% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Saratoga Research & Investment Management purchased a new position in Hain Celestial Group in the 3rd quarter worth approximately $124,000. First National Trust Co. purchased a new position in Hain Celestial Group in the 3rd quarter worth approximately $201,000. Oakbrook Investments LLC purchased a new position in shares of Hain Celestial Group during the 3rd quarter valued at approximately $202,000. Miles Capital Inc. purchased a new position in shares of Hain Celestial Group during the 2nd quarter valued at approximately $201,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Hain Celestial Group during the 3rd quarter valued at approximately $228,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.
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Hain Celestial Group Company Profile
The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.
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