Zacks Investment Research downgraded shares of Hain Celestial Group (NASDAQ:HAIN) from a hold rating to a sell rating in a research note released on Tuesday.
According to Zacks, “Hain Celestial shares have underperformed the industry in the past three months. Stiff competition from companies expanding their presence in the natural & organic food business and foreign currency headwind remain deterrents. However, with an extensive portfolio of well-known brands, it offers investors one of the strongest growth profiles in the industry. Acquisitions have been a key part of the company’s strategy to build market share. A healthy balance sheet enables it to target strategic buyout opportunities. In November, the company reported first-quarter fiscal 2018 results wherein the top line beat estimate but the bottom line came in line with the estimate. The company expects to sustain the momentum into fiscal 2018 with net sales projected to increase in the band of 4-6%. Moreover, Hain Celestial being one of the largest suppliers to Whole Foods is viewing its acquisition by Amazon as a lucrative opportunity.”
Other equities research analysts have also issued reports about the stock. Susquehanna Bancshares reaffirmed a hold rating and set a $45.00 price target on shares of Hain Celestial Group in a report on Thursday, September 14th. Loop Capital reaffirmed a hold rating and set a $38.00 price target on shares of Hain Celestial Group in a report on Friday, December 22nd. Jefferies Group reiterated a buy rating and set a $52.00 target price on shares of Hain Celestial Group in a research report on Friday, November 17th. BidaskClub downgraded shares of Hain Celestial Group from a hold rating to a sell rating in a research report on Tuesday, December 12th. Finally, Wells Fargo & Co reiterated a market perform rating and set a $42.00 target price on shares of Hain Celestial Group in a research report on Saturday, September 30th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $41.31.
Shares of Hain Celestial Group (HAIN) traded down $0.04 during trading on Tuesday, hitting $39.41. 738,430 shares of the company traded hands, compared to its average volume of 1,320,000. The company has a market cap 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 has a 12 month low of $31.01 and a 12 month high of $45.61.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. equities research analysts predict that Hain Celestial Group will post 1.68 EPS for the current year.
In other news, Director Richard Dean Hollis purchased 10,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average price of $35.27 per share, for a total transaction of $352,700.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $352,700. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James M. Langrock purchased 5,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $34.40 per share, for a total transaction of $172,000.00. Following the transaction, the chief financial officer now directly owns 59,233 shares in the company, valued at approximately $2,037,615.20. The disclosure for this purchase can be found here. Insiders bought a total of 68,500 shares of company stock worth $2,352,730 in the last 90 days. Corporate insiders own 12.34% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HAIN. Saratoga Research & Investment Management acquired a new position in shares of Hain Celestial Group in the 3rd quarter worth approximately $124,000. Miles Capital Inc. acquired a new position in shares of Hain Celestial Group in the 2nd quarter worth approximately $201,000. First National Trust Co. acquired a new position in shares of Hain Celestial Group in the 3rd quarter worth approximately $201,000. Oakbrook Investments LLC acquired a new position in shares of Hain Celestial Group in the 3rd quarter worth approximately $202,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Hain Celestial Group in the 3rd quarter worth approximately $228,000. Hedge funds and other institutional investors own 89.95% of the company’s stock.
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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