Brokerages Set Hain Celestial Group Inc (HAIN) PT at $32.36

Shares of Hain Celestial Group Inc (NASDAQ:HAIN) have earned a consensus rating of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $31.50.

HAIN has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $40.00) on shares of Hain Celestial Group in a report on Monday, September 24th. Zacks Investment Research raised Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. ValuEngine raised Hain Celestial Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 2nd. Maxim Group reissued a “buy” rating and issued a $40.00 target price on shares of Hain Celestial Group in a report on Tuesday, August 28th. Finally, JPMorgan Chase & Co. increased their target price on Hain Celestial Group from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, August 29th.

Hain Celestial Group stock traded down $0.27 during trading hours on Friday, hitting $22.24. The stock had a trading volume of 5,445,437 shares, compared to its average volume of 1,330,155. The company has a quick ratio of 1.56, a current ratio of 2.49 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.83 and a beta of 1.09. Hain Celestial Group has a fifty-two week low of $21.81 and a fifty-two week high of $44.37.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $560.88 million during the quarter, compared to analyst estimates of $588.12 million. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. The company’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. On average, analysts expect that Hain Celestial Group will post 1.23 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its stake in shares of Hain Celestial Group by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 72,153 shares of the company’s stock valued at $2,150,000 after purchasing an additional 1,845 shares during the period. HGK Asset Management Inc. lifted its stake in shares of Hain Celestial Group by 19.4% in the 2nd quarter. HGK Asset Management Inc. now owns 11,872 shares of the company’s stock valued at $354,000 after purchasing an additional 1,930 shares during the period. SG Americas Securities LLC lifted its stake in shares of Hain Celestial Group by 9.9% in the 3rd quarter. SG Americas Securities LLC now owns 21,733 shares of the company’s stock valued at $589,000 after purchasing an additional 1,957 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of Hain Celestial Group by 13.3% in the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 17,000 shares of the company’s stock valued at $660,000 after purchasing an additional 2,000 shares during the period. Finally, Rand Wealth LLC lifted its stake in shares of Hain Celestial Group by 5.7% in the 2nd quarter. Rand Wealth LLC now owns 37,294 shares of the company’s stock valued at $1,111,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 92.96% of the company’s stock.

Hain Celestial Group Company Profile

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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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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