Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “sell” rating reissued by equities research analysts at Maxim Group in a research report issued on Tuesday, December 19th.
Other equities research analysts have also recently issued reports about the company. Susquehanna Bancshares set a $45.00 price target on Hain Celestial Group and gave the company a “hold” rating in a report on Tuesday, August 29th. Jefferies Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Hain Celestial Group in a report on Monday, August 28th. Buckingham Research lifted their target price on Hain Celestial Group from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 30th. Royal Bank of Canada lifted their price target on Hain Celestial Group from $39.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 30th. Finally, Barclays reiterated a “hold” rating and issued a $39.00 price target on shares of Hain Celestial Group in a research report on Friday, September 1st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $41.31.
Hain Celestial Group (NASDAQ HAIN) opened at $39.41 on Tuesday. Hain Celestial Group has a 52 week low of $31.01 and a 52 week high of $45.61. The stock has a market capitalization of $4,110.00, a price-to-earnings ratio of 52.55, a PEG ratio of 1.68 and a beta of 1.25. The company has a quick ratio of 1.22, a current ratio of 2.50 and a debt-to-equity ratio of 0.42.
Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million during the quarter, compared to the consensus estimate of $697.39 million. Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. Hain Celestial Group’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. research analysts predict that Hain Celestial Group will post 1.68 earnings per share for the current year.
In related news, SVP Michael B. Mcguinness acquired 3,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $34.58 per share, with a total value of $121,030.00. Following the completion of the acquisition, the senior vice president now directly owns 55,131 shares of the company’s stock, valued at $1,906,429.98. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Irwin D. Simon purchased 50,000 shares of the stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $34.14 per share, for a total transaction of $1,707,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,695,014 shares of the company’s stock, valued at approximately $57,867,777.96. The disclosure for this purchase can be found here. Insiders have bought 68,500 shares of company stock worth $2,352,730 over the last three months. Corporate insiders own 12.34% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Saratoga Research & Investment Management purchased a new stake in shares of Hain Celestial Group during the 3rd quarter worth about $124,000. First National Trust Co. purchased a new stake in shares of Hain Celestial Group during the 3rd quarter worth about $201,000. Oakbrook Investments LLC purchased a new stake in shares of Hain Celestial Group during the 3rd quarter worth about $202,000. Miles Capital Inc. purchased a new stake in shares of Hain Celestial Group during the 2nd quarter worth about $201,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Hain Celestial Group during the 3rd quarter worth about $228,000. 89.95% of the stock is currently owned by institutional investors and hedge funds.
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Hain Celestial Group Company Profile
The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.
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