Piper Jaffray Companies set a $17.00 price target on Hain Celestial Group (NASDAQ:HAIN) in a report released on Friday morning. The brokerage currently has a hold rating on the stock. Piper Jaffray Companies also issued estimates for Hain Celestial Group’s Q4 2019 earnings at $0.24 EPS, Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.29 EPS, Q1 2021 earnings at $0.28 EPS, Q2 2021 earnings at $0.31 EPS and FY2021 earnings at $1.25 EPS.
A number of other analysts have also recently issued reports on the company. BidaskClub upgraded Hain Celestial Group from a strong sell rating to a sell rating in a report on Friday, January 4th. Wells Fargo & Co set a $42.00 target price on Hain Celestial Group and gave the stock a hold rating in a report on Thursday, December 20th. Maxim Group reiterated a buy rating and set a $36.00 target price on shares of Hain Celestial Group in a report on Monday, December 17th. ValuEngine cut Hain Celestial Group from a sell rating to a strong sell rating in a report on Wednesday, January 2nd. Finally, BMO Capital Markets decreased their target price on Hain Celestial Group from $25.00 to $23.00 and set a market perform rating for the company in a report on Monday, December 17th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $28.64.
NASDAQ HAIN opened at $16.84 on Friday. Hain Celestial Group has a 12 month low of $14.45 and a 12 month high of $36.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 1.25. The stock has a market cap of $1.66 billion, a PE ratio of 14.52, a P/E/G ratio of 12.24 and a beta of 1.38.
Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.12). Hain Celestial Group had a negative net margin of 6.72% and a positive return on equity of 5.28%. The company had revenue of $584.16 million for the quarter, compared to analyst estimates of $611.18 million. During the same period in the prior year, the company earned $0.32 EPS. The company’s revenue was down 5.2% compared to the same quarter last year. On average, analysts expect that Hain Celestial Group will post 0.65 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. Raymond James & Associates boosted its holdings in Hain Celestial Group by 80.9% in the 2nd quarter. Raymond James & Associates now owns 50,476 shares of the company’s stock worth $1,504,000 after acquiring an additional 22,577 shares during the period. Bank of New York Mellon Corp boosted its holdings in Hain Celestial Group by 46.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock worth $51,358,000 after acquiring an additional 545,113 shares during the period. Advisors Capital Management LLC boosted its holdings in Hain Celestial Group by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 76,560 shares of the company’s stock worth $2,076,000 after acquiring an additional 2,094 shares during the period. PGGM Investments boosted its holdings in Hain Celestial Group by 37.4% in the 3rd quarter. PGGM Investments now owns 1,046,297 shares of the company’s stock worth $28,376,000 after acquiring an additional 285,000 shares during the period. Finally, Supplemental Annuity Collective Trust of NJ boosted its holdings in Hain Celestial Group by 4.3% in the 3rd quarter. Supplemental Annuity Collective Trust of NJ now owns 48,000 shares of the company’s stock worth $1,302,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 91.91% 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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