Hain Celestial Group Inc (NASDAQ:HAIN) rose 5.8% during mid-day trading on Monday . The stock traded as high as $17.05 and last traded at $16.84. Approximately 4,386,665 shares changed hands during mid-day trading, an increase of 118% from the average daily volume of 2,014,467 shares. The stock had previously closed at $15.91.
HAIN has been the topic of several research analyst reports. BidaskClub raised Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, January 4th. Wells Fargo & Co set a $42.00 target price on Hain Celestial Group and gave the company a “hold” rating in a report on Thursday, December 20th. Piper Jaffray Companies lowered their target price on Hain Celestial Group to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 11th. Maxim Group reaffirmed a “buy” rating and issued a $36.00 target price on shares of Hain Celestial Group in a report on Monday, December 17th. Finally, ValuEngine lowered Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.64.
The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 12.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 1.25.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.12). Hain Celestial Group had a positive return on equity of 5.28% and a negative net margin of 6.72%. The firm had revenue of $584.16 million for the quarter, compared to analyst estimates of $611.18 million. During the same period in the previous year, the business posted $0.32 EPS. Hain Celestial Group’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Hain Celestial Group Inc will post 0.65 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Cerebellum GP LLC acquired a new stake in shares of Hain Celestial Group during the 4th quarter valued at about $26,000. Parallel Advisors LLC boosted its holdings in Hain Celestial Group by 1,005.0% during the fourth quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $31,000 after purchasing an additional 1,819 shares in the last quarter. ETF Managers Group LLC boosted its holdings in Hain Celestial Group by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 4,062 shares of the company’s stock valued at $64,000 after purchasing an additional 552 shares in the last quarter. Pearl River Capital LLC acquired a new stake in Hain Celestial Group during the fourth quarter valued at approximately $84,000. Finally, Truvestments Capital LLC acquired a new stake in Hain Celestial Group during the third quarter valued at approximately $151,000. Hedge funds and other institutional investors own 91.91% of the company’s stock.
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Hain Celestial Group Company Profile (NASDAQ:HAIN)
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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