Hain Celestial Group Inc (NASDAQ:HAIN) has received a consensus rating of “Hold” from the nineteen research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $23.75.
A number of equities analysts have recently commented on HAIN shares. Maxim Group set a $7.00 price objective on Net 1 UEPS Technologies and gave the stock a “buy” rating in a report on Friday, May 10th. Evercore ISI started coverage on Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price objective on the stock. Zacks Investment Research downgraded W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. restated a “sell” rating on shares of Stratasys in a report on Monday, April 1st. Finally, Citigroup raised their price objective on T. Rowe Price Group from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, April 15th.
In related news, insider Engaged Capital Co-Invest Vi-D acquired 667,198 shares of Hain Celestial Group stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $23.33 per share, for a total transaction of $15,565,729.34. Following the transaction, the insider now directly owns 21,577 shares of the company’s stock, valued at approximately $503,391.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Glenn W. Welling acquired 1,995,291 shares of Hain Celestial Group stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average price of $23.73 per share, with a total value of $47,348,255.43. Following the transaction, the director now directly owns 21,577 shares in the company, valued at $512,022.21. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,871,608 shares of company stock valued at $161,995,807 in the last 90 days. Insiders own 13.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Clean Yield Group grew its holdings in shares of Hain Celestial Group by 36.5% during the first quarter. Clean Yield Group now owns 192,238 shares of the company’s stock valued at $4,445,000 after buying an additional 51,443 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Hain Celestial Group by 2.7% during the fourth quarter. Northern Trust Corp now owns 732,570 shares of the company’s stock valued at $11,620,000 after buying an additional 19,572 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hain Celestial Group by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 952,725 shares of the company’s stock valued at $15,109,000 after buying an additional 29,919 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Hain Celestial Group during the fourth quarter valued at $44,000. Finally, Voloridge Investment Management LLC purchased a new position in Hain Celestial Group in the fourth quarter valued at about $693,000. Institutional investors and hedge funds own 96.43% of the company’s stock.
NASDAQ:HAIN traded down $0.22 during mid-day trading on Friday, reaching $20.71. The company’s stock had a trading volume of 1,006,162 shares, compared to its average volume of 1,612,234. The stock’s fifty day moving average price is $21.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.22 and a current ratio of 2.16. Hain Celestial Group has a twelve month low of $14.45 and a twelve month high of $30.42. The company has a market cap of $2.18 billion, a PE ratio of 17.84, a P/E/G ratio of 13.10 and a beta of 1.37.
Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $599.80 million for the quarter, compared to the consensus estimate of $597.75 million. Hain Celestial Group had a positive return on equity of 4.51% and a negative net margin of 10.14%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.37 EPS. On average, equities analysts predict that Hain Celestial Group will post 0.66 earnings per share for the current fiscal year.
About Hain Celestial Group
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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