Buckingham Research Analysts Give Hain Celestial Group (HAIN) a $24.00 Price Target

Hain Celestial Group (NASDAQ:HAIN) has been assigned a $24.00 target price by investment analysts at Buckingham Research in a report issued on Friday. The firm presently has a “hold” rating on the stock. Buckingham Research’s price objective indicates a potential upside of 7.91% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of Hain Celestial Group in a research report on Monday, September 24th. Piper Jaffray Companies initiated coverage on shares of Hain Celestial Group in a research report on Friday, October 12th. They set a “hold” rating and a $26.00 price objective for the company. Zacks Investment Research cut shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Maxim Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of Hain Celestial Group in a research report on Tuesday, August 28th. Finally, ValuEngine raised shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.

HAIN opened at $22.24 on Friday. Hain Celestial Group has a twelve month low of $21.81 and a twelve month high of $44.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.49 and a quick ratio of 1.56. The stock has a market cap of $2.44 billion, a P/E ratio of 19.17, a PEG ratio of 2.44 and a beta of 1.09.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.04). Hain Celestial Group had a positive return on equity of 6.55% and a negative net margin of 1.84%. The firm had revenue of $560.88 million for the quarter, compared to the consensus estimate of $588.12 million. During the same period in the prior year, the company earned $0.20 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, analysts anticipate that Hain Celestial Group will post 1.21 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of HAIN. Millennium Management LLC lifted its holdings in shares of Hain Celestial Group by 286.0% in the first quarter. Millennium Management LLC now owns 49,258 shares of the company’s stock worth $1,580,000 after acquiring an additional 36,496 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Hain Celestial Group by 7.6% in the first quarter. Legal & General Group Plc now owns 139,803 shares of the company’s stock worth $4,483,000 after acquiring an additional 9,840 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Hain Celestial Group by 3.0% in the first quarter. Principal Financial Group Inc. now owns 454,320 shares of the company’s stock worth $14,570,000 after acquiring an additional 13,377 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Hain Celestial Group by 39.9% in the second quarter. State of Alaska Department of Revenue now owns 11,180 shares of the company’s stock worth $333,000 after acquiring an additional 3,190 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Hain Celestial Group by 24.5% in the second quarter. Xact Kapitalforvaltning AB now owns 15,739 shares of the company’s stock worth $469,000 after acquiring an additional 3,100 shares during the last quarter. 92.96% of the stock is 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. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; 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; yogurts; chilies; chocolates; and nut butters.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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