Hain Celestial Group (NASDAQ:HAIN) reached a new 52-week high and low on Monday . The company traded as low as $29.36 and last traded at $29.40, with a volume of 519333 shares. The stock had previously closed at $29.69.
A number of research firms have recently weighed in on HAIN. BMO Capital Markets cut their price target on Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, February 8th. Jefferies Group reaffirmed a “buy” rating and set a $52.00 price target on shares of Hain Celestial Group in a research note on Wednesday, February 7th. Zacks Investment Research downgraded Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Barclays reaffirmed a “hold” rating and set a $36.00 price target on shares of Hain Celestial Group in a research note on Friday, February 9th. Finally, BidaskClub raised Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Hain Celestial Group presently has an average rating of “Hold” and an average target price of $40.36.
The company has a quick ratio of 1.19, a current ratio of 2.44 and a debt-to-equity ratio of 0.41. The company has a market cap of $3,047.92, a price-to-earnings ratio of 23.98, a P/E/G ratio of 1.22 and a beta of 1.13.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data 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 company had revenue of $775.20 million during the quarter, compared to the consensus estimate of $774.50 million. Hain Celestial Group had a net margin of 3.38% and a return on equity of 8.35%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. equities analysts anticipate that Hain Celestial Group will post 1.66 EPS for the current year.
In other Hain Celestial Group news, Director Glenn W. Welling purchased 1,407,543 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $34.83 per share, with a total value of $49,024,722.69. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 12.34% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of HAIN. Stifel Financial Corp increased its position in Hain Celestial Group by 12.3% in the 3rd quarter. Stifel Financial Corp now owns 25,881 shares of the company’s stock worth $1,063,000 after buying an additional 2,843 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Hain Celestial Group by 130.8% during the 3rd quarter. Janus Henderson Group PLC now owns 21,404 shares of the company’s stock worth $881,000 after purchasing an additional 12,130 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Hain Celestial Group by 7.8% during the 3rd quarter. California Public Employees Retirement System now owns 183,741 shares of the company’s stock worth $7,561,000 after purchasing an additional 13,341 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Hain Celestial Group during the 3rd quarter worth approximately $228,000. Finally, Aurora Investment Counsel acquired a new stake in shares of Hain Celestial Group during the 4th quarter worth approximately $1,865,000. 91.26% of the stock is currently owned by institutional investors.
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Hain Celestial Group Company Profile
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.
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