Beech Hill Advisors Inc. bought a new position in shares of Hain Celestial Group Inc (NASDAQ:HAIN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,500 shares of the company’s stock, valued at approximately $276,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Saratoga Research & Investment Management bought a new stake in Hain Celestial Group in the third quarter valued at about $124,000. Miles Capital Inc. bought a new stake in shares of Hain Celestial Group in the second quarter worth about $201,000. First National Trust Co. bought a new stake in shares of Hain Celestial Group in the third quarter worth about $201,000. Oakbrook Investments LLC bought a new stake in shares of Hain Celestial Group in the third quarter worth about $202,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Hain Celestial Group in the third quarter worth about $228,000. Institutional investors own 90.03% of the company’s stock.
Several brokerages have issued reports on HAIN. Jefferies Group restated a “buy” rating and issued a $52.00 price target on shares of Hain Celestial Group in a report on Wednesday, February 7th. BMO Capital Markets reduced their price objective on Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, February 8th. Loop Capital reaffirmed a “hold” rating and set a $38.00 price objective on shares of Hain Celestial Group in a research report on Friday, December 22nd. Zacks Investment Research cut Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Barclays reaffirmed a “hold” rating and set a $36.00 price objective on shares of Hain Celestial Group in a research report on Friday, February 9th. Three 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 stock currently has an average rating of “Hold” and an average price target of $40.72.
Hain Celestial Group Inc (HAIN) traded up $1.19 on Wednesday, hitting $34.46. The stock had a trading volume of 1,148,356 shares, compared to its average volume of 1,145,211. Hain Celestial Group Inc has a 52 week low of $31.01 and a 52 week high of $45.61. The firm has a market capitalization of $3,510.00, a PE ratio of 48.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 2.44.
Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Wednesday, February 7th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $775.20 million for the quarter, compared to the consensus estimate of $774.50 million. Hain Celestial Group had a return on equity of 5.15% and a net margin of 2.95%. Hain Celestial Group’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. analysts forecast that Hain Celestial Group Inc will post 1.66 earnings per share for the current year.
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Hain Celestial Group 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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