Hain Celestial Group (NASDAQ:HAIN) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group set a $40.00 price objective on shares of Hain Celestial Group and gave the company a “buy” rating in a research report on Wednesday, August 29th. Maxim Group restated a “buy” rating and issued a $40.00 price target on shares of Hain Celestial Group in a research note on Tuesday, August 28th. Deutsche Bank initiated coverage on shares of Hain Celestial Group in a research note on Tuesday, June 5th. They issued a “buy” rating and a $33.00 price target on the stock. Citigroup decreased 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 note on Monday, June 25th. Finally, BidaskClub upgraded shares of Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.53.

Shares of HAIN opened at $26.20 on Tuesday. The stock has a market capitalization of $2.88 billion, a PE ratio of 22.72, a P/E/G ratio of 3.00 and a beta of 1.10. Hain Celestial Group has a fifty-two week low of $25.41 and a fifty-two week high of $44.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.49.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, August 28th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company had revenue of $619.60 million for the quarter, compared to analyst estimates of $629.25 million. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. equities research analysts anticipate that Hain Celestial Group will post 1.23 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in HAIN. State of New Jersey Common Pension Fund D grew its stake in shares of Hain Celestial Group by 28.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock valued at $80,460,000 after acquiring an additional 600,000 shares in the last quarter. Summit Trail Advisors LLC grew its stake in Hain Celestial Group by 2,341.5% during the first quarter. Summit Trail Advisors LLC now owns 616,341 shares of the company’s stock worth $616,000 after buying an additional 591,097 shares in the last quarter. P Schoenfeld Asset Management LP acquired a new stake in Hain Celestial Group during the first quarter worth about $18,120,000. Bank of New York Mellon Corp grew its stake in Hain Celestial Group by 46.3% during the second quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock worth $51,358,000 after buying an additional 545,113 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Hain Celestial Group by 4.0% during the first quarter. BlackRock Inc. now owns 8,688,297 shares of the company’s stock worth $278,636,000 after buying an additional 332,557 shares in the last quarter. Institutional investors and hedge funds own 92.47% 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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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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