Wolfe Research downgraded shares of Hain Celestial Group (NASDAQ:HAIN) from an outperform rating to a peer perform rating in a report released on Friday morning, Briefing.com Automated Import reports.
Several other brokerages have also commented on HAIN. UBS Group set a $15.00 price target on shares of Hain Celestial Group and gave the stock a sell rating in a research note on Monday, May 13th. JPMorgan Chase & Co. lowered shares of Hain Celestial Group from an overweight rating to a neutral rating and lifted their price target for the stock from $20.00 to $23.00 in a research note on Monday, April 1st. Maxim Group reiterated a buy rating and set a $28.00 price target (up from $25.00) on shares of Hain Celestial Group in a research note on Friday, May 10th. SunTrust Banks lifted their price target on shares of Hain Celestial Group to $20.00 and gave the stock a hold rating in a research note on Friday, May 10th. Finally, Buckingham Research set a $23.00 price target on shares of Hain Celestial Group and gave the stock a hold rating in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $24.54.
Shares of NASDAQ:HAIN opened at $23.43 on Friday. Hain Celestial Group has a 12 month low of $14.45 and a 12 month high of $31.53. The company has a current ratio of 2.16, a quick ratio of 1.22 and a debt-to-equity ratio of 0.47. The firm has a market cap of $2.46 billion, a P/E ratio of 20.20, a P/E/G ratio of 18.23 and a beta of 1.42.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.21 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 for the quarter, compared to analyst estimates of $597.75 million. During the same period last year, the business earned $0.37 EPS. Hain Celestial Group’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities analysts expect that Hain Celestial Group will post 0.66 EPS for the current fiscal year.
In other Hain Celestial Group news, Director Glenn W. Welling acquired 1,003,918 shares of the stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $19.30 per share, with a total value of $19,375,617.40. Following the transaction, the director now owns 21,577 shares of the company’s stock, valued at approximately $416,436.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Engaged Capital Co-Invest Vi-D acquired 951,932 shares of the stock in a transaction on Tuesday, March 5th. The shares were acquired at an average cost of $19.97 per share, for a total transaction of $19,010,082.04. Following the completion of the transaction, the insider now directly owns 21,577 shares in the company, valued at approximately $430,892.69. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,637,226 shares of company stock worth $187,851,273 over the last three months. 13.50% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its position in Hain Celestial Group by 1,005.0% during the 4th quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $31,000 after purchasing an additional 1,819 shares during the last quarter. Clean Yield Group grew its position in Hain Celestial Group by 36.5% during the 1st quarter. Clean Yield Group now owns 192,238 shares of the company’s stock worth $4,445,000 after purchasing an additional 51,443 shares during the last quarter. Northern Trust Corp grew its position in Hain Celestial Group by 2.7% during the 4th quarter. Northern Trust Corp now owns 732,570 shares of the company’s stock worth $11,620,000 after purchasing an additional 19,572 shares during the last quarter. Geode Capital Management LLC grew its position in Hain Celestial Group by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 952,725 shares of the company’s stock worth $15,109,000 after purchasing an additional 29,919 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Hain Celestial Group during the 4th quarter worth $44,000. 95.13% of the stock is currently owned by 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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