BidaskClub upgraded shares of Hain Celestial Group (NASDAQ:HAIN) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
A number of other equities analysts also recently commented on HAIN. Jefferies Financial Group reiterated a buy rating and issued a $40.00 target price on shares of Hain Celestial Group in a report on Tuesday, April 3rd. Zacks Investment Research downgraded shares of Hain Celestial Group from a hold rating to a sell rating in a report on Friday, April 27th. UBS Group set a $28.00 price objective on shares of Hain Celestial Group and gave the company a sell rating in a report on Tuesday, May 1st. ValuEngine downgraded shares of Hain Celestial Group from a sell rating to a strong sell rating in a report on Wednesday, May 2nd. Finally, Susquehanna Bancshares set a $32.00 price objective on shares of Hain Celestial Group and gave the company a hold rating in a report on Monday, May 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $36.55.
Shares of Hain Celestial Group stock opened at $29.74 on Wednesday. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 3.15 and a beta of 1.09. The company has a quick ratio of 1.83, a current ratio of 2.79 and a debt-to-equity ratio of 0.39. Hain Celestial Group has a one year low of $25.41 and a one year high of $45.61.
Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, May 8th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.10). The firm had revenue of $632.72 million during the quarter, compared to the consensus estimate of $746.48 million. Hain Celestial Group had a return on equity of 8.32% and a net margin of 2.81%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. sell-side analysts anticipate that Hain Celestial Group will post 1.16 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Griffin Asset Management Inc. boosted its position in Hain Celestial Group by 123.5% in the 4th quarter. Griffin Asset Management Inc. now owns 66,315 shares of the company’s stock worth $2,811,000 after purchasing an additional 36,640 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Hain Celestial Group in the 4th quarter worth approximately $201,000. BlackRock Inc. boosted its position in Hain Celestial Group by 1.3% in the 4th quarter. BlackRock Inc. now owns 8,355,740 shares of the company’s stock worth $354,201,000 after purchasing an additional 109,061 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its position in Hain Celestial Group by 38.3% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 253,000 shares of the company’s stock worth $10,725,000 after purchasing an additional 70,000 shares in the last quarter. Finally, Swiss National Bank boosted its position in Hain Celestial Group by 2.1% in the 1st quarter. Swiss National Bank now owns 163,914 shares of the company’s stock worth $5,257,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.
About Hain Celestial Group
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; 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; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.
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