BidaskClub Downgrades Hain Celestial Group (HAIN) to Sell
Hain Celestial Group (NASDAQ:HAIN) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
A number of other equities research analysts have also recently commented on HAIN. Jefferies Financial Group reiterated a “buy” rating and set a $45.00 target price (up from $40.00) on shares of Hain Celestial Group in a research note on Monday, September 24th. Piper Jaffray Companies began coverage on Hain Celestial Group in a research note on Friday, October 12th. They set a “hold” rating and a $26.00 target price on the stock. Maxim Group reiterated a “buy” rating and set a $40.00 target price on shares of Hain Celestial Group in a research note on Tuesday, August 28th. Buckingham Research lowered their target price on Hain Celestial Group from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 29th. Finally, ValuEngine upgraded Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $30.40.
HAIN opened at $20.18 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.37 and a debt-to-equity ratio of 0.41. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.29 and a beta of 1.07. Hain Celestial Group has a 1 year low of $20.05 and a 1 year high of $42.71.
In other news, insider Mark L. Schiller acquired 45,800 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average cost of $22.88 per share, for a total transaction of $1,047,904.00. Following the purchase, the insider now owns 124,355 shares of the company’s stock, valued at approximately $2,845,242.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in HAIN. Principal Financial Group Inc. raised its stake in Hain Celestial Group by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 454,320 shares of the company’s stock valued at $14,570,000 after acquiring an additional 13,377 shares during the period. Bank of Montreal Can raised its stake in Hain Celestial Group by 39.0% in the 2nd quarter. Bank of Montreal Can now owns 22,310 shares of the company’s stock valued at $664,000 after acquiring an additional 6,260 shares during the period. BNP Paribas Arbitrage SA raised its stake in Hain Celestial Group by 112.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,877 shares of the company’s stock valued at $265,000 after acquiring an additional 4,694 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in Hain Celestial Group by 125.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 26,040 shares of the company’s stock valued at $776,000 after acquiring an additional 14,490 shares during the period. Finally, TCW Group Inc. raised its stake in Hain Celestial Group by 38.3% in the 2nd quarter. TCW Group Inc. now owns 17,358 shares of the company’s stock valued at $517,000 after acquiring an additional 4,811 shares during the period. Institutional investors and hedge funds own 93.23% 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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