Shares of Hain Celestial Group (NASDAQ:HAIN) have received an average recommendation of “Hold” from the nineteen ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $35.82.
HAIN has been the topic of several recent research reports. BidaskClub cut Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Friday, March 23rd. Zacks Investment Research cut Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Friday, April 27th. Susquehanna Bancshares reaffirmed a “hold” rating and set a $43.00 price objective on shares of Hain Celestial Group in a report on Tuesday, January 23rd. Jefferies Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of Hain Celestial Group in a report on Tuesday, April 3rd. Finally, ValuEngine cut Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd.
NASDAQ HAIN traded down $0.71 during trading hours on Friday, reaching $26.26. The company’s stock had a trading volume of 1,220,500 shares, compared to its average volume of 1,269,750. The company has a current ratio of 2.79, a quick ratio of 1.83 and a debt-to-equity ratio of 0.39. Hain Celestial Group has a 1 year low of $25.80 and a 1 year high of $45.61. The stock has a market cap of $2.95 billion, a PE ratio of 21.52, a P/E/G ratio of 2.96 and a beta of 1.13.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.10). The firm had revenue of $632.72 million for the quarter, compared to analysts’ expectations of $746.48 million. Hain Celestial Group had a return on equity of 8.32% and a net margin of 2.81%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. analysts forecast that Hain Celestial Group will post 1.15 EPS for the current fiscal year.
In related news, Director Glenn W. Welling bought 1,407,543 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $34.83 per share, with a total value of $49,024,722.69. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.34% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB increased its position in shares of Hain Celestial Group by 46.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 12,639 shares of the company’s stock valued at $405,000 after purchasing an additional 4,000 shares during the last quarter. Royal Bank of Canada grew its position in Hain Celestial Group by 0.4% in the 1st quarter. Royal Bank of Canada now owns 1,082,283 shares of the company’s stock valued at $34,708,000 after acquiring an additional 4,413 shares during the last quarter. Legal & General Group Plc grew its position in Hain Celestial Group by 7.6% in the 1st quarter. Legal & General Group Plc now owns 139,803 shares of the company’s stock valued at $4,483,000 after acquiring an additional 9,840 shares during the last quarter. Highbridge Capital Management LLC bought a new position in Hain Celestial Group in the 1st quarter valued at $535,000. Finally, Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its position in Hain Celestial Group by 12.3% in the 1st quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 24,885 shares of the company’s stock valued at $798,000 after acquiring an additional 2,735 shares during the last quarter. 93.33% of the stock is currently owned by hedge funds and other institutional investors.
About Hain Celestial Group
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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