A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. reissued a sell rating on shares of Stratasys in a report on Monday, April 1st. Maxim Group set a $7.00 price objective on Net 1 UEPS Technologies and gave the company a buy rating in a report on Friday, May 10th. Zacks Investment Research lowered W. R. Grace & Co from a buy rating to a hold rating in a report on Wednesday, May 1st. Wolfe Research lowered Hain Celestial Group from an outperform rating to a peer perform rating in a report on Friday, May 17th. Finally, Buckingham Research set a $23.00 price objective on Hain Celestial Group and gave the company a hold rating in a report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. Hain Celestial Group currently has an average rating of Hold and an average price target of $23.75.
Shares of NASDAQ:HAIN opened at $20.68 on Friday. The company’s 50-day simple moving average is $21.15. Hain Celestial Group has a 1 year low of $14.45 and a 1 year high of $30.42. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 12.71 and a beta of 1.37. The company has a quick ratio of 1.22, a current ratio of 2.16 and a debt-to-equity ratio of 0.47.
Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, May 9th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. Hain Celestial Group had a positive return on equity of 4.51% and a negative net margin of 10.14%. The company had revenue of $599.80 million for the quarter, compared to analyst estimates of $597.75 million. During the same period in the prior year, the company posted $0.37 EPS. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities analysts predict that Hain Celestial Group will post 0.66 earnings per share for the current fiscal year.
In related news, Director Glenn W. Welling bought 1,995,291 shares of the stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of $23.73 per share, for a total transaction of $47,348,255.43. Following the completion of the purchase, the director now directly owns 21,577 shares of the company’s stock, valued at $512,022.21. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Engaged Capital Co-Invest Vi-D bought 2,083,081 shares of the stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of $23.61 per share, for a total transaction of $49,181,542.41. Following the purchase, the insider now directly owns 21,577 shares of the company’s stock, valued at $509,432.97. The disclosure for this purchase can be found here. Insiders bought 6,871,608 shares of company stock worth $161,995,807 in the last 90 days. Company insiders own 13.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. CWM Advisors LLC increased its stake in Hain Celestial Group by 18.0% during the second quarter. CWM Advisors LLC now owns 10,533 shares of the company’s stock worth $231,000 after acquiring an additional 1,606 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Hain Celestial Group by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 36,252 shares of the company’s stock worth $794,000 after acquiring an additional 1,048 shares during the last quarter. Addison Capital Co acquired a new stake in Hain Celestial Group during the second quarter worth $399,000. Carroll Financial Associates Inc. increased its stake in Hain Celestial Group by 77.2% during the second quarter. Carroll Financial Associates Inc. now owns 2,098 shares of the company’s stock worth $45,000 after acquiring an additional 914 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Hain Celestial Group by 49.5% during the first quarter. First Trust Advisors LP now owns 181,639 shares of the company’s stock worth $4,199,000 after acquiring an additional 60,175 shares during the last quarter. Hedge funds and other institutional investors own 96.43% of the company’s stock.
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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