UBS Group set a $15.00 target price on Hain Celestial Group (NASDAQ:HAIN) in a research report sent to investors on Monday morning, TipRanks reports. The firm currently has a sell rating on the stock.
Other equities analysts have also issued research reports about the stock. Maxim Group restated a buy rating and set a $25.00 price target (down previously from $36.00) on shares of Hain Celestial Group in a research report on Friday, February 8th. Jefferies Financial Group restated a buy rating and set a $35.00 price target on shares of Hain Celestial Group in a research report on Thursday, February 28th. Citigroup increased their price target on shares of Hain Celestial Group from $21.00 to $25.50 and gave the company a buy rating in a research report on Monday, April 15th. TheStreet lowered shares of Hain Celestial Group from a c- rating to a d rating in a research report on Thursday, February 14th. Finally, Piper Jaffray Companies set a $17.00 price target on shares of Hain Celestial Group and gave the company a hold rating in a research report on Friday, February 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $24.54.
NASDAQ HAIN opened at $24.48 on Monday. Hain Celestial Group has a 1 year low of $14.45 and a 1 year high of $31.53. 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 firm has a market capitalization of $2.46 billion, a PE ratio of 21.10, a PEG ratio of 5.99 and a beta of 1.42.
Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, May 9th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. The firm had revenue of $599.80 million during the quarter, compared to analyst estimates of $597.75 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. Analysts forecast 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 2,083,081 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were acquired at an average cost of $23.61 per share, with a total value of $49,181,542.41. Following the completion of the acquisition, the insider now directly owns 21,577 shares in the company, valued at $509,432.97. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Glenn W. Welling acquired 1,222,979 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average cost of $20.48 per share, for a total transaction of $25,046,609.92. Following the completion of the acquisition, the director now owns 21,577 shares of the company’s stock, valued at $441,896.96. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 8,637,226 shares of company stock valued at $187,851,273. 13.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Carroll Financial Associates Inc. lifted its holdings in Hain Celestial Group by 640.0% during the first quarter. Carroll Financial Associates Inc. now owns 1,184 shares of the company’s stock valued at $27,000 after purchasing an additional 1,024 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Hain Celestial Group during the fourth quarter valued at about $26,000. Parallel Advisors LLC lifted its holdings in Hain Celestial Group by 1,005.0% during the fourth quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $31,000 after purchasing an additional 1,819 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Hain Celestial Group during the fourth quarter valued at about $44,000. Finally, Truvestments Capital LLC purchased a new stake in Hain Celestial Group during the first quarter valued at about $74,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.
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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