Jefferies Financial Group reiterated their buy rating on shares of Hain Celestial Group (NASDAQ:HAIN) in a research note issued to investors on Monday. They currently have a $40.00 price objective on the stock.
“We believe this morning’s CEO succession announcement positions HAIN for its next phase.”,” Jefferies Financial Group’s analyst commented.
HAIN has been the subject of several other reports. BidaskClub lowered shares of Hain Celestial Group from a sell rating to a strong sell rating in a research report on Friday, March 23rd. Zacks Investment Research lowered shares of Hain Celestial Group from a hold rating to a sell rating in a research report on Friday, April 27th. Deutsche Bank initiated coverage on shares of Hain Celestial Group in a research report on Tuesday, June 5th. They set a buy rating and a $33.00 target price for the company. ValuEngine lowered shares of Hain Celestial Group from a sell rating to a strong sell rating in a research report on Wednesday, May 2nd. Finally, UBS Group set a $28.00 target price on shares of Hain Celestial Group and gave the company a sell rating in a research report on Tuesday, May 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $35.92.
Shares of Hain Celestial Group opened at $29.82 on Monday, MarketBeat.com reports. Hain Celestial Group has a 1 year low of $25.41 and a 1 year high of $45.61. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 3.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.79 and a quick ratio of 1.83.
Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). Hain Celestial Group had a net margin of 2.81% and a return on equity of 8.32%. The company had revenue of $632.72 million for the quarter, compared to the consensus estimate of $746.48 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. equities research analysts predict that Hain Celestial Group will post 1.16 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Credit Agricole S A purchased a new position in shares of Hain Celestial Group during the fourth quarter worth approximately $101,000. Westside Investment Management Inc. increased its stake in shares of Hain Celestial Group by 1,500.0% in the fourth quarter. Westside Investment Management Inc. now owns 3,200 shares of the company’s stock worth $131,000 after buying an additional 3,000 shares during the period. KBC Group NV increased its stake in shares of Hain Celestial Group by 106.9% in the fourth quarter. KBC Group NV now owns 3,752 shares of the company’s stock worth $159,000 after buying an additional 1,939 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Hain Celestial Group in the fourth quarter worth $201,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Hain Celestial Group in the first quarter worth $160,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.
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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