Hain Celestial Group (NASDAQ:HAIN) Earns “Sell” Rating from Maxim Group

Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “sell” rating reiterated by analysts at Maxim Group in a research report issued on Tuesday, December 19th.

A number of other analysts have also commented on HAIN. Zacks Investment Research raised Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Tuesday, October 10th. Jefferies Group reissued a “buy” rating and issued a $52.00 target price on shares of Hain Celestial Group in a report on Monday, August 28th. TheStreet lowered Hain Celestial Group from a “b-” rating to a “c” rating in a report on Tuesday, November 7th. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Hain Celestial Group in a report on Thursday, September 14th. Finally, Barclays reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Hain Celestial Group in a report on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Hain Celestial Group has an average rating of “Hold” and an average target price of $41.31.

Hain Celestial Group (HAIN) traded down $0.06 on Tuesday, hitting $39.45. The stock had a trading volume of 620,400 shares, compared to its average volume of 1,340,000. The stock has a market cap of $4,120.00, a PE ratio of 52.60, a PEG ratio of 1.75 and a beta of 1.25. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. Hain Celestial Group has a 52 week low of $31.01 and a 52 week high of $45.61.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share 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 the consensus estimate of $697.39 million. During the same period last year, the business earned $0.14 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. sell-side analysts predict that Hain Celestial Group will post 1.66 EPS for the current fiscal year.

In other news, Director Richard Dean Hollis bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average cost of $35.27 per share, for a total transaction of $352,700.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $352,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael B. Mcguinness bought 3,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 55,131 shares of the company’s stock, valued at approximately $1,906,429.98. The disclosure for this purchase can be found here. Insiders purchased 68,500 shares of company stock worth $2,352,730 over the last quarter. 12.34% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HAIN. Point72 Asset Management L.P. increased its stake in Hain Celestial Group by 104.2% during the third quarter. Point72 Asset Management L.P. now owns 1,752,500 shares of the company’s stock worth $72,115,000 after acquiring an additional 894,300 shares during the last quarter. Strs Ohio bought a new stake in Hain Celestial Group during the third quarter worth approximately $32,144,000. Black Creek Investment Management Inc. bought a new position in shares of Hain Celestial Group during the second quarter valued at approximately $30,283,000. Eagle Asset Management Inc. bought a new position in shares of Hain Celestial Group during the third quarter valued at approximately $32,091,000. Finally, Toronto Dominion Bank bought a new position in shares of Hain Celestial Group during the second quarter valued at approximately $13,584,000. 89.95% of the stock is currently owned by institutional investors.

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About Hain Celestial Group

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.

Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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