Hain Celestial Group Inc (NASDAQ:HAIN) shares gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $34.38, but opened at $34.69. Hain Celestial Group shares last traded at $34.60, with a volume of 1275777 shares changing hands.

The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 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 $775.20 million for the quarter, compared to the consensus estimate of $774.50 million. During the same period in the prior year, the business posted $0.32 earnings per share. Hain Celestial Group’s revenue was up 4.8% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. Jefferies Group reiterated a “buy” rating and set a $52.00 price objective on shares of Hain Celestial Group in a research note on Wednesday. BMO Capital Markets reduced their price objective on shares of Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday. Loop Capital reiterated a “hold” rating and set a $38.00 price objective on shares of Hain Celestial Group in a research note on Friday, December 22nd. Zacks Investment Research downgraded shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, Susquehanna Bancshares set a $43.00 price objective on shares of Hain Celestial Group and gave the stock a “hold” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $40.90.

In related news, Director Richard Dean Hollis purchased 10,000 shares of Hain Celestial Group stock in a transaction dated Friday, November 10th. The shares were bought at an average cost of $35.27 per share, for a total transaction of $352,700.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $352,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.34% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hosking Partners LLP boosted its stake in shares of Hain Celestial Group by 7.7% in the 4th quarter. Hosking Partners LLP now owns 141,626 shares of the company’s stock valued at $6,004,000 after purchasing an additional 10,079 shares in the last quarter. New Mexico Educational Retirement Board acquired a new stake in shares of Hain Celestial Group in the 4th quarter valued at approximately $1,089,000. Wealthstreet Investment Advisors LLC acquired a new stake in shares of Hain Celestial Group in the 4th quarter valued at approximately $3,404,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Hain Celestial Group in the 4th quarter valued at approximately $201,000. Finally, KBC Group NV boosted its stake in shares of Hain Celestial Group by 106.9% in the 4th quarter. KBC Group NV now owns 3,752 shares of the company’s stock valued at $159,000 after purchasing an additional 1,939 shares in the last quarter. Institutional investors own 90.22% of the company’s stock.

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.22 and a current ratio of 2.50. The stock has a market capitalization of $3,620.00, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09.

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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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