The Hain Celestial Group, Inc. (NASDAQ:HAIN) – Stock analysts at Piper Sandler lowered their Q4 2022 earnings per share (EPS) estimates for The Hain Celestial Group in a research note issued to investors on Monday, January 10th. Piper Sandler analyst M. Lavery now anticipates that the company will post earnings per share of $0.50 for the quarter, down from their previous estimate of $0.51. Piper Sandler also issued estimates for The Hain Celestial Group’s Q2 2023 earnings at $0.45 EPS and Q3 2023 earnings at $0.58 EPS.
HAIN has been the subject of a number of other research reports. Jefferies Financial Group upped their price target on The Hain Celestial Group from $41.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, September 29th. Zacks Investment Research lowered The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a report on Thursday, January 6th. Evercore ISI upgraded The Hain Celestial Group from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $46.00 to $48.00 in a report on Thursday, November 18th. Finally, Maxim Group increased their price objective on shares of The Hain Celestial Group from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, November 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $50.33.
The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, November 9th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $454.90 million for the quarter, compared to the consensus estimate of $443.72 million. The Hain Celestial Group had a return on equity of 9.81% and a net margin of 5.00%. During the same quarter last year, the company earned $0.27 EPS.
Several large investors have recently made changes to their positions in HAIN. Farmers & Merchants Investments Inc. raised its position in shares of The Hain Celestial Group by 19.2% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 14,349 shares of the company’s stock worth $611,000 after purchasing an additional 2,315 shares during the last quarter. Scout Investments Inc. boosted its position in The Hain Celestial Group by 40.3% during the 4th quarter. Scout Investments Inc. now owns 2,257,588 shares of the company’s stock worth $96,196,000 after purchasing an additional 648,016 shares during the period. Louisiana State Employees Retirement System boosted its position in The Hain Celestial Group by 11.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 23,900 shares of the company’s stock valued at $1,018,000 after buying an additional 2,500 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in The Hain Celestial Group by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 14,737 shares of the company’s stock valued at $628,000 after buying an additional 267 shares during the last quarter. Finally, Bank of New Hampshire acquired a new stake in shares of The Hain Celestial Group in the 4th quarter valued at about $564,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Engaged Capital Llc sold 14,079,504 shares of the stock in a transaction that occurred on Monday, November 15th. The stock was sold at an average price of $45.00, for a total value of $633,577,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 16.90% of the stock is owned by corporate insiders.
About The Hain Celestial Group
The Hain Celestial Group, Inc engages in the production and distribution of organic and natural products. Its brands include Alba Botanica, Avalon Organics, Earth’s Best, JASON, Live Clean, Imagine, and Queen Helene. The company was founded by Irwin David Simon on May 19, 1993 and is headquartered in Lake Success, NY.
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