Hain Celestial Group Inc (NASDAQ:HAIN) shares fell 1.4% during trading on Friday following a weaker than expected earnings announcement. The company traded as low as $22.03 and last traded at $22.20. 126,393 shares traded hands during trading, a decline of 89% from the average session volume of 1,131,089 shares. The stock had previously closed at $22.51.

The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.04). Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The company had revenue of $560.88 million during the quarter, compared to analyst estimates of $588.12 million. During the same period in the prior year, the business posted $0.20 earnings per share. Hain Celestial Group’s revenue was down 4.8% on a year-over-year basis.

A number of research analysts have weighed in on the stock. Buckingham Research set a $24.00 price target on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Friday. UBS Group set a $21.00 price target on shares of Hain Celestial Group and gave the company a “sell” rating in a research report on Friday. Maxim Group reduced their price target on shares of Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday. Piper Jaffray Companies assumed coverage on shares of Hain Celestial Group in a research report on Friday, October 12th. They set a “hold” rating and a $26.00 price target on the stock. Finally, ValuEngine raised shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.50.

A number of hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board raised its stake in shares of Hain Celestial Group by 257.9% during the third quarter. Canada Pension Plan Investment Board now owns 77,300 shares of the company’s stock valued at $2,096,000 after purchasing an additional 55,700 shares during the period. Trexquant Investment LP purchased a new stake in shares of Hain Celestial Group during the third quarter valued at approximately $2,730,000. 22NW LP raised its stake in shares of Hain Celestial Group by 16.6% during the third quarter. 22NW LP now owns 120,465 shares of the company’s stock valued at $3,267,000 after purchasing an additional 17,174 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Hain Celestial Group during the third quarter valued at approximately $614,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Hain Celestial Group by 14.6% during the third quarter. Bank of New York Mellon Corp now owns 1,975,057 shares of the company’s stock valued at $53,564,000 after purchasing an additional 251,624 shares during the period. 92.96% of the stock is currently owned by hedge funds and other institutional investors.

The company has a market cap of $2.84 billion, a PE ratio of 19.17, a P/E/G ratio of 2.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.49.

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Hain Celestial Group Company Profile (NASDAQ:HAIN)

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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