BidaskClub upgraded shares of Hain Celestial Group (NASDAQ:HAIN) from a sell rating to a hold rating in a report released on Tuesday, BidAskClub reports.
Several other research firms have also commented on HAIN. ValuEngine raised Hain Celestial Group from a sell rating to a hold rating in a report on Monday, March 11th. Wolfe Research lowered Hain Celestial Group from an outperform rating to a peer perform rating in a report on Friday, May 17th. JPMorgan Chase & Co. raised Hain Celestial Group from a neutral rating to an overweight rating and upped their target price for the company from $15.00 to $20.00 in a report on Thursday, February 28th. Maxim Group reaffirmed a buy rating and set a $28.00 target price (up from $25.00) on shares of Hain Celestial Group in a report on Friday, May 10th. Finally, Citigroup upped their target price on Hain Celestial Group from $21.00 to $25.50 and gave the company a buy rating in a report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Hain Celestial Group presently has an average rating of Hold and an average target price of $23.75.
Shares of Hain Celestial Group stock opened at $21.12 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.22. The stock has a market capitalization of $2.19 billion, a P/E ratio of 29.55, a PEG ratio of 15.93 and a beta of 1.36. Hain Celestial Group has a fifty-two week low of $14.45 and a fifty-two week high of $31.53.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The firm had revenue of $599.80 million during the quarter, compared to analyst estimates of $597.75 million. Hain Celestial Group had a positive return on equity of 4.51% and a negative net margin of 10.14%. Hain Celestial Group’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. Equities research analysts anticipate that Hain Celestial Group will post 0.66 earnings per share for the current fiscal year.
In other Hain Celestial Group news, insider Engaged Capital Co-Invest Vi-D acquired 667,198 shares of Hain Celestial Group stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of $23.33 per share, for a total transaction of $15,565,729.34. Following the completion of the transaction, the insider now owns 21,577 shares in the company, valued at approximately $503,391.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Glenn W. Welling acquired 908,118 shares of Hain Celestial Group stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $23.49 per share, with a total value of $21,331,691.82. Following the completion of the transaction, the director now owns 21,577 shares of the company’s stock, valued at approximately $506,843.73. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 6,871,608 shares of company stock valued at $161,995,807. Insiders own 13.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Carroll Financial Associates Inc. boosted its position in shares of Hain Celestial Group by 640.0% during the first quarter. Carroll Financial Associates Inc. now owns 1,184 shares of the company’s stock worth $27,000 after buying an additional 1,024 shares during the period. Ameritas Investment Corp acquired a new position in shares of Hain Celestial Group during the first quarter worth approximately $28,000. Parallel Advisors LLC boosted its position in shares of Hain Celestial Group by 1,005.0% during the fourth quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $31,000 after buying an additional 1,819 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Hain Celestial Group by 1,486.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 558,335 shares of the company’s stock worth $35,000 after buying an additional 523,131 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Hain Celestial Group during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 96.43% of the company’s stock.
Hain Celestial Group Company Profile
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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