Hain Celestial Group (NASDAQ:HAIN) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.
Several other equities analysts have also recently issued reports on HAIN. Wells Fargo & Co reiterated a “market perform” rating and issued a $42.00 price objective on shares of Hain Celestial Group in a research note on Saturday, September 30th. Loop Capital reiterated a “hold” rating and issued a $38.00 price objective on shares of Hain Celestial Group in a research note on Friday, December 22nd. Susquehanna Bancshares reiterated a “hold” rating and issued a $45.00 price objective on shares of Hain Celestial Group in a research note on Thursday, September 14th. SunTrust Banks reiterated a “hold” rating and issued a $35.00 price objective on shares of Hain Celestial Group in a research note on Friday, November 10th. Finally, Zacks Investment Research cut Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.31.
Shares of Hain Celestial Group (NASDAQ HAIN) traded down $0.09 during trading on Friday, reaching $40.51. The company had a trading volume of 1,549,095 shares, compared to its average volume of 1,380,000. Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $45.61. The stock has a market cap of $4,230.00, a PE ratio of 54.01, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The company has a quick ratio of 1.22, a current ratio of 2.50 and a debt-to-equity ratio of 0.42.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million during the quarter, compared to analysts’ expectations of $697.39 million. Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. equities research analysts anticipate that Hain Celestial Group will post 1.66 EPS for the current year.
In other Hain Celestial Group news, SVP Michael B. Mcguinness bought 3,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $34.58 per share, with a total value of $121,030.00. Following the transaction, the senior vice president now owns 55,131 shares of the company’s stock, valued at $1,906,429.98. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Irwin D. Simon bought 50,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of $34.14 per share, for a total transaction of $1,707,000.00. Following the transaction, the chief executive officer now directly owns 1,695,014 shares in the company, valued at approximately $57,867,777.96. The disclosure for this purchase can be found here. Insiders have bought a total of 68,500 shares of company stock worth $2,352,730 in the last three months. Corporate insiders own 12.34% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HAIN. Toronto Dominion Bank acquired a new position in Hain Celestial Group during the second quarter worth approximately $13,584,000. Hussman Strategic Advisors Inc. acquired a new position in Hain Celestial Group during the third quarter worth approximately $2,058,000. SLS Management LLC increased its position in Hain Celestial Group by 137.1% during the second quarter. SLS Management LLC now owns 140,420 shares of the company’s stock worth $5,451,000 after buying an additional 81,200 shares during the period. Bank of Nova Scotia acquired a new position in Hain Celestial Group during the second quarter worth approximately $11,855,000. Finally, Candriam Luxembourg S.C.A. acquired a new position in Hain Celestial Group during the third quarter worth approximately $494,000. 89.95% of the stock is currently owned by institutional investors and hedge funds.
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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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