The Hain Celestial Group, Inc. (HAIN) Stock Rating Upgraded by Sanford C. Bernstein
Sanford C. Bernstein upgraded shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday morning, Marketbeat reports. The brokerage currently has $45.00 target price on the stock.
A number of other research firms also recently commented on HAIN. Wells Fargo & Company restated a market perform rating and set a $42.00 price objective on shares of The Hain Celestial Group in a research note on Saturday, September 30th. Susquehanna Bancshares Inc downgraded shares of The Hain Celestial Group from a positive rating to a neutral rating in a research note on Tuesday, August 22nd. BidaskClub downgraded shares of The Hain Celestial Group from a buy rating to a hold rating in a research note on Wednesday, August 9th. Royal Bank Of Canada increased their price objective on shares of The Hain Celestial Group from $39.00 to $41.00 and gave the stock a sector perform rating in a research note on Wednesday, August 30th. Finally, Loop Capital initiated coverage on shares of The Hain Celestial Group in a research note on Monday, July 31st. They set a hold rating and a $46.00 price objective for the company. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $41.29.
Shares of The Hain Celestial Group (NASDAQ:HAIN) traded up $1.27 during midday trading on Wednesday, reaching $35.68. 1,868,900 shares of the company were exchanged, compared to its average volume of 1,668,701. The firm has a market cap of $3,703.30, a price-to-earnings ratio of 27.24, a PEG ratio of 1.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.31 and a current ratio of 2.50. The Hain Celestial Group has a 12-month low of $31.01 and a 12-month high of $45.61.
The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million during the quarter, compared to analyst estimates of $697.39 million. The Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The Hain Celestial Group’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. analysts expect that The Hain Celestial Group will post 1.67 earnings per share for the current fiscal year.
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In related news, CEO Irwin D. Simon bought 50,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $34.14 per share, for a total transaction of $1,707,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,695,014 shares of the company’s stock, valued at approximately $57,867,777.96. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael B. Mcguinness bought 3,500 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was bought at an average price of $34.58 per share, for a total transaction of $121,030.00. Following the transaction, the senior vice president now directly owns 55,131 shares of the company’s stock, valued at $1,906,429.98. The disclosure for this purchase can be found here. Insiders purchased 58,500 shares of company stock worth $2,000,030 over the last three months. 12.34% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Saratoga Research & Investment Management acquired a new stake in The Hain Celestial Group in the third quarter valued at approximately $124,000. Tudor Investment Corp ET AL acquired a new position in shares of The Hain Celestial Group during the first quarter worth $201,000. Miles Capital Inc. acquired a new position in shares of The Hain Celestial Group during the second quarter worth $201,000. First National Trust Co. acquired a new position in shares of The Hain Celestial Group during the third quarter worth $201,000. Finally, Oakbrook Investments LLC acquired a new position in shares of The Hain Celestial Group during the third quarter worth $202,000. Hedge funds and other institutional investors own 90.70% of the company’s stock.
About The Hain Celestial Group
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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