The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $41.11.
HAIN has been the topic of several recent research reports. Cowen initiated coverage on The Hain Celestial Group in a research note on Monday, May 23rd. They issued an “outperform” rating and a $34.00 price target on the stock. Mizuho cut their price target on The Hain Celestial Group from $44.00 to $31.00 in a research note on Monday, May 9th. Piper Sandler cut their price target on The Hain Celestial Group from $36.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, June 16th. CL King initiated coverage on The Hain Celestial Group in a research note on Tuesday, May 24th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, TheStreet cut The Hain Celestial Group from a “b” rating to a “c” rating in a research report on Thursday, June 2nd.
In other news, Director Glenn W. Welling sold 209,238 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $26.80, for a total transaction of $5,607,578.40. Following the transaction, the director now directly owns 73,529 shares of the company’s stock, valued at approximately $1,970,577.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 16.90% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its holdings in shares of The Hain Celestial Group by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,737 shares of the company’s stock valued at $628,000 after buying an additional 267 shares during the period. IndexIQ Advisors LLC raised its holdings in The Hain Celestial Group by 23.3% in the 4th quarter. IndexIQ Advisors LLC now owns 1,796 shares of the company’s stock worth $77,000 after purchasing an additional 339 shares during the period. Advisor Group Holdings Inc. raised its holdings in The Hain Celestial Group by 4.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company’s stock worth $327,000 after purchasing an additional 425 shares during the period. PNC Financial Services Group Inc. raised its holdings in The Hain Celestial Group by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the company’s stock worth $303,000 after purchasing an additional 443 shares during the period. Finally, Bank of New Hampshire raised its stake in shares of The Hain Celestial Group by 3.4% in the first quarter. Bank of New Hampshire now owns 13,680 shares of the company’s stock worth $471,000 after buying an additional 455 shares during the period. 94.98% of the stock is currently owned by hedge funds and other institutional investors.
HAIN stock opened at $23.58 on Monday. The Hain Celestial Group has a fifty-two week low of $22.55 and a fifty-two week high of $48.88. The business’s 50 day moving average price is $26.47 and its two-hundred day moving average price is $33.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.94 and a current ratio of 1.98. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 19.65 and a beta of 0.74.
The Hain Celestial Group (NASDAQ:HAIN – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.13). The firm had revenue of $502.94 million for the quarter, compared to analysts’ expectations of $524.57 million. The Hain Celestial Group had a return on equity of 9.66% and a net margin of 6.12%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. Sell-side analysts forecast that The Hain Celestial Group will post 1.28 earnings per share for the current year.
The Hain Celestial Group Company Profile (Get Rating)
The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, and internationally. It operates through two segments, North America and International. The company offers infant formula; infant, toddler, and kids’ food; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; and condiments.
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Source: defenseworld.net
