Hain Celestial Group (HAIN) Receives “Buy” Rating from Maxim Group

Maxim Group reiterated their buy rating on shares of Hain Celestial Group (NASDAQ:HAIN) in a research report report published on Friday. They currently have a $25.00 price target on the stock, down from their previous price target of $36.00.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Co set a $42.00 target price on Hain Celestial Group and gave the stock a hold rating in a report on Thursday, December 20th. ValuEngine downgraded Hain Celestial Group from a sell rating to a strong sell rating in a report on Wednesday, January 2nd. Buckingham Research set a $24.00 price target on Hain Celestial Group and gave the company a hold rating in a report on Friday, November 9th. BidaskClub raised Hain Celestial Group from a strong sell rating to a sell rating in a report on Friday, January 4th. Finally, Piper Jaffray Companies initiated coverage on Hain Celestial Group in a report on Friday, October 12th. They issued a hold rating and a $26.00 price target for the company. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Hain Celestial Group presently has a consensus rating of Hold and an average price target of $28.64.

HAIN opened at $15.91 on Friday. Hain Celestial Group has a 1 year low of $14.45 and a 1 year high of $36.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 2.17. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 12.24 and a beta of 1.38.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.12). The business had revenue of $584.16 million during the quarter, compared to analyst estimates of $611.18 million. Hain Celestial Group had a positive return on equity of 5.28% and a negative net margin of 6.72%. Hain Celestial Group’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. Sell-side analysts predict that Hain Celestial Group will post 0.65 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of HAIN. Cerebellum GP LLC purchased a new stake in shares of Hain Celestial Group in the fourth quarter valued at approximately $26,000. Parallel Advisors LLC increased its position in shares of Hain Celestial Group by 1,005.0% in the fourth quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $31,000 after buying an additional 1,819 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Hain Celestial Group by 1,486.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 558,335 shares of the company’s stock valued at $35,000 after buying an additional 523,131 shares in the last quarter. ETF Managers Group LLC increased its position in shares of Hain Celestial Group by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 4,062 shares of the company’s stock valued at $64,000 after buying an additional 552 shares in the last quarter. Finally, Pearl River Capital LLC purchased a new stake in shares of Hain Celestial Group in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 91.91% 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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