Hain Celestial Group (HAIN) Downgraded to Sell at BidaskClub
BidaskClub lowered shares of Hain Celestial Group (NASDAQ:HAIN) from a hold rating to a sell rating in a research report released on Tuesday.
A number of other equities analysts have also recently issued reports on the company. Jefferies Group reaffirmed a buy rating and issued a $52.00 target price on shares of Hain Celestial Group in a report on Friday, November 17th. SunTrust Banks reaffirmed a hold rating and issued a $35.00 target price on shares of Hain Celestial Group in a report on Friday, November 10th. Loop Capital lowered their target price on Hain Celestial Group to $38.00 and set a hold rating for the company in a report on Friday, November 10th. Royal Bank of Canada reaffirmed a hold rating on shares of Hain Celestial Group in a report on Thursday, November 9th. Finally, Zacks Investment Research cut Hain Celestial Group from a buy rating to a hold rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. Hain Celestial Group has an average rating of Hold and an average price target of $41.31.
Shares of Hain Celestial Group (HAIN) traded down $0.28 during mid-day trading on Tuesday, hitting $40.86. The company had a trading volume of 708,700 shares, compared to its average volume of 1,751,809. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. Hain Celestial Group has a twelve month low of $31.01 and a twelve month high of $45.61. The company has a market cap of $4,269.99, a P/E ratio of 31.41, a P/E/G ratio of 1.76 and a beta of 1.26.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The business had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. Hain Celestial Group’s quarterly revenue was up 3.9% compared to the same quarter last year. analysts anticipate that Hain Celestial Group will post 1.67 EPS for the current year.
In other Hain Celestial Group news, CEO Irwin D. Simon bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $34.14 per share, with a total value of $1,707,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,695,014 shares of the company’s stock, valued at approximately $57,867,777.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Dean Hollis bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of $35.27 per share, with a total value of $352,700.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $352,700. The disclosure for this purchase can be found here. Insiders have purchased 68,500 shares of company stock valued at $2,352,730 in the last ninety days. 12.34% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Hain Celestial Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 8,339,036 shares of the company’s stock worth $323,722,000 after acquiring an additional 104,034 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Hain Celestial Group by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 2,013,304 shares of the company’s stock worth $78,157,000 after acquiring an additional 133,141 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Hain Celestial Group by 104.2% in the third quarter. Point72 Asset Management L.P. now owns 1,752,500 shares of the company’s stock worth $72,115,000 after acquiring an additional 894,300 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Hain Celestial Group by 15.5% in the third quarter. Schroder Investment Management Group now owns 1,622,139 shares of the company’s stock worth $66,037,000 after acquiring an additional 217,434 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its holdings in Hain Celestial Group by 10.4% in the third quarter. Anchor Capital Advisors LLC now owns 1,151,697 shares of the company’s stock worth $47,392,000 after acquiring an additional 108,737 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.
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Hain Celestial Group Company Profile
The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.
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