Hain Celestial Group (HAIN) Lowered to Strong Sell at BidaskClub

BidaskClub cut shares of Hain Celestial Group (NASDAQ:HAIN) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning.

Several other research analysts also recently commented on HAIN. Wells Fargo & Co reissued a market perform rating and set a $42.00 target price on shares of Hain Celestial Group in a research note on Saturday, September 30th. Zacks Investment Research downgraded Hain Celestial Group from a hold rating to a sell rating in a research note on Tuesday, January 9th. Loop Capital reissued a hold rating and set a $38.00 target price on shares of Hain Celestial Group in a research note on Friday, December 22nd. SunTrust Banks reissued a hold rating and set a $35.00 target price on shares of Hain Celestial Group in a research note on Friday, November 10th. Finally, Sanford C. Bernstein raised Hain Celestial Group from a market perform rating to an outperform rating and set a $45.00 target price for the company in a research note on Wednesday, November 8th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Hain Celestial Group currently has an average rating of Hold and a consensus price target of $41.31.

Shares of Hain Celestial Group (NASDAQ:HAIN) traded down $0.04 during midday trading on Friday, reaching $39.41. The company’s stock had a trading volume of 738,430 shares, compared to its average volume of 1,093,069. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.22 and a current ratio of 2.50. The firm has a market capitalization of $4,090.44, a P/E ratio of 52.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. Hain Celestial Group has a 12-month low of $31.01 and a 12-month high of $45.61.

Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The business had revenue of $708.30 million for the quarter, compared to analyst estimates of $697.39 million. Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. equities research analysts forecast that Hain Celestial Group will post 1.68 EPS for the current year.

In related news, CEO Irwin D. Simon bought 50,000 shares of Hain Celestial Group stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer now directly owns 1,695,014 shares of the company’s stock, valued at approximately $57,867,777.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James M. Langrock bought 5,000 shares of Hain Celestial Group stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $34.40 per share, for a total transaction of $172,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 59,233 shares of the company’s stock, valued at $2,037,615.20. 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 currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its holdings in Hain Celestial Group by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 31,557 shares of the company’s stock valued at $1,225,000 after acquiring an additional 462 shares during the last quarter. EagleClaw Capital Managment LLC boosted its holdings in shares of Hain Celestial Group by 9.8% during the 2nd quarter. EagleClaw Capital Managment LLC now owns 11,175 shares of the company’s stock worth $434,000 after buying an additional 1,000 shares in the last quarter. Kalos Management Inc. boosted its holdings in shares of Hain Celestial Group by 10.2% during the 2nd quarter. Kalos Management Inc. now owns 11,639 shares of the company’s stock worth $451,000 after buying an additional 1,076 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Hain Celestial Group by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 14,743 shares of the company’s stock worth $607,000 after buying an additional 1,522 shares in the last quarter. Finally, Welch & Forbes LLC boosted its holdings in shares of Hain Celestial Group by 0.6% during the 3rd quarter. Welch & Forbes LLC now owns 280,165 shares of the company’s stock worth $11,528,000 after buying an additional 1,605 shares in the last quarter. Institutional investors and hedge funds own 89.95% 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.

Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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