Hain Celestial Group (HAIN) Lowered to Strong Sell at BidaskClub
BidaskClub cut shares of Hain Celestial Group (NASDAQ:HAIN) from a sell rating to a strong sell rating in a research note released on Saturday morning.
Other equities analysts also recently issued reports about the company. Jefferies Group reaffirmed a buy rating and set a $52.00 price target on shares of Hain Celestial Group in a research report on Friday, November 17th. Zacks Investment Research raised Hain Celestial Group from a hold rating to a buy rating and set a $46.00 price target on the stock in a research report on Tuesday, October 10th. TheStreet downgraded Hain Celestial Group from a b- rating to a c rating in a research report on Tuesday, November 7th. Loop Capital reaffirmed a hold rating and set a $38.00 price target on shares of Hain Celestial Group in a research report on Friday, December 22nd. Finally, SunTrust Banks reaffirmed a hold rating and set a $35.00 price target on shares of Hain Celestial Group in a research report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $41.31.
Hain Celestial Group (NASDAQ HAIN) opened at $39.42 on Friday. The stock has a market capitalization of $4,110.00, a price-to-earnings ratio of 52.56, a PEG ratio of 1.68 and a beta of 1.25. 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 12-month low of $31.01 and a 12-month high of $45.61.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $708.30 million for the quarter, compared to analyst estimates of $697.39 million. Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. equities research analysts anticipate that Hain Celestial Group will post 1.68 EPS for the current year.
In other news, CEO Irwin D. Simon bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $34.14 per share, with a total value of $1,707,000.00. Following the transaction, the chief executive officer now directly owns 1,695,014 shares in the company, valued at $57,867,777.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Dean Hollis bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $35.27 per share, for a total transaction of $352,700.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $352,700. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 68,500 shares of company stock worth $2,352,730. 12.34% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. Saratoga Research & Investment Management acquired a new position in shares of Hain Celestial Group in the 3rd quarter valued at $124,000. Miles Capital Inc. acquired a new stake in Hain Celestial Group during the 2nd quarter worth about $201,000. First National Trust Co. acquired a new stake in Hain Celestial Group during the 3rd quarter worth about $201,000. Oakbrook Investments LLC acquired a new stake in Hain Celestial Group during the 3rd quarter worth about $202,000. Finally, GSA Capital Partners LLP acquired a new stake in Hain Celestial Group during the 3rd quarter worth about $228,000. 89.99% of the stock is currently owned by hedge funds and other institutional investors.
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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