The Hain Celestial Group, Inc. (NASDAQ:HAIN) – Piper Sandler dropped their Q4 2022 earnings per share (EPS) estimates for The Hain Celestial Group in a research report issued to clients and investors on Monday, January 10th. Piper Sandler analyst M. Lavery now expects that the company will earn $0.50 per share for the quarter, down from their previous forecast of $0.51. Piper Sandler also issued estimates for The Hain Celestial Group’s Q2 2023 earnings at $0.45 EPS and Q3 2023 earnings at $0.58 EPS.
Several other brokerages have also recently weighed in on HAIN. Jefferies Financial Group raised their price objective on The Hain Celestial Group from $41.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, September 29th. Evercore ISI raised The Hain Celestial Group from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $46.00 to $48.00 in a research note on Thursday, November 18th. Zacks Investment Research downgraded The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a report on Thursday, January 6th. Finally, Maxim Group increased their target price on The Hain Celestial Group from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, November 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $50.33.
The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, November 9th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The Hain Celestial Group had a net margin of 5.00% and a return on equity of 9.81%. The firm had revenue of $454.90 million during the quarter, compared to analysts’ expectations of $443.72 million. During the same quarter in the previous year, the company earned $0.27 earnings per share.
In other news, insider Engaged Capital Llc sold 14,079,504 shares of The Hain Celestial Group stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $45.00, for a total transaction of $633,577,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.90% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its stake in The Hain Celestial Group by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 14,737 shares of the company’s stock valued at $628,000 after buying an additional 267 shares during the last quarter. LPL Financial LLC grew its position in The Hain Celestial Group by 2.7% in the 2nd quarter. LPL Financial LLC now owns 10,546 shares of the company’s stock worth $423,000 after purchasing an additional 276 shares during the last quarter. Addison Capital Co lifted its holdings in shares of The Hain Celestial Group by 2.1% during the 3rd quarter. Addison Capital Co now owns 14,786 shares of the company’s stock worth $633,000 after acquiring an additional 300 shares during the period. Raymond James Trust N.A. lifted its holdings in The Hain Celestial Group by 5.1% during the 3rd quarter. Raymond James Trust N.A. now owns 7,843 shares of the company’s stock valued at $336,000 after purchasing an additional 380 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of The Hain Celestial Group by 5.7% in the second quarter. Stifel Financial Corp now owns 7,116 shares of the company’s stock worth $285,000 after acquiring an additional 385 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.
The Hain Celestial Group Company Profile
The Hain Celestial Group, Inc engages in the production and distribution of organic and natural products. Its brands include Alba Botanica, Avalon Organics, Earth’s Best, JASON, Live Clean, Imagine, and Queen Helene. The company was founded by Irwin David Simon on May 19, 1993 and is headquartered in Lake Success, NY.
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