BidaskClub cut shares of Hain Celestial Group (NASDAQ:HAIN) from a sell rating to a strong sell rating in a report released on Saturday, January 13th.
Other equities research analysts have also issued research reports about the company. Sanford C. Bernstein raised Hain Celestial Group from a market perform rating to an outperform rating and set a $45.00 target price on the stock in a research report on Wednesday, November 8th. Royal Bank of Canada reissued a hold rating on shares of Hain Celestial Group in a research report on Thursday, November 9th. Loop Capital set a $38.00 price target on Hain Celestial Group and gave the stock a hold rating in a research report on Thursday, December 28th. Maxim Group reaffirmed a sell rating on shares of Hain Celestial Group in a research report on Tuesday, December 19th. Finally, SunTrust Banks reaffirmed a hold rating and set a $35.00 price target on shares of Hain Celestial Group in a research report on Friday, November 10th. 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. Hain Celestial Group currently has a consensus rating of Hold and a consensus target price of $41.19.
Hain Celestial Group (NASDAQ HAIN) opened at $35.90 on Friday. The company has a market capitalization of $3,750.00, a price-to-earnings ratio of 47.87, a P/E/G ratio of 1.60 and a beta of 1.09. 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 has a 52 week low of $31.01 and a 52 week high of $45.61.
Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $708.30 million for 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 revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share. equities analysts predict that Hain Celestial Group will post 1.68 earnings per share for the current year.
In related news, CFO James M. Langrock bought 5,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $34.40 per share, with a total value of $172,000.00. Following the completion of the transaction, the chief financial officer now directly owns 59,233 shares of the company’s stock, valued at $2,037,615.20. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Irwin D. Simon bought 50,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $34.14 per share, with a total value of $1,707,000.00. Following the transaction, the chief executive officer now directly owns 1,695,014 shares of the company’s stock, valued at $57,867,777.96. The disclosure for this purchase can be found here. Insiders have acquired 68,500 shares of company stock valued at $2,352,730 over the last 90 days. 12.34% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank purchased a new position in Hain Celestial Group in the second quarter valued at about $13,584,000. Stifel Financial Corp boosted its holdings in Hain Celestial Group by 12.3% in the third quarter. Stifel Financial Corp now owns 25,881 shares of the company’s stock valued at $1,063,000 after purchasing an additional 2,843 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Hain Celestial Group in the third quarter valued at about $2,058,000. Schwab Charles Investment Management Inc. boosted its holdings in Hain Celestial Group by 10.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 455,205 shares of the company’s stock valued at $18,732,000 after purchasing an additional 42,972 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new position in Hain Celestial Group in the second quarter valued at about $11,855,000. 90.22% of the stock is owned by hedge funds and other 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.
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