The Hain Celestial Group, Inc. (HAIN) Price Target Lowered to $38.00 at Loop Capital
Several other research firms have also weighed in on HAIN. BidaskClub raised shares of The Hain Celestial Group from a hold rating to a buy rating in a report on Wednesday, August 2nd. Susquehanna Bancshares Inc set a $45.00 target price on shares of The Hain Celestial Group and gave the stock a hold rating in a report on Tuesday, August 22nd. UBS AG lowered shares of The Hain Celestial Group from a positive rating to a neutral rating in a report on Tuesday, August 22nd. Sanford C. Bernstein began coverage on shares of The Hain Celestial Group in a report on Friday, October 6th. They issued a market perform rating and a $45.00 target price on the stock. Finally, Zacks Investment Research raised shares of The Hain Celestial Group from a hold rating to a buy rating and set a $46.00 target price on the stock in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $41.29.
Shares of The Hain Celestial Group (NASDAQ HAIN) traded up $1.27 during trading on Friday, reaching $35.68. 1,868,900 shares of the company’s stock traded hands, compared to its average volume of 1,701,853. The company has a market cap of $3,703.29, 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 current ratio of 2.50 and a quick ratio of 1.22. 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 posted its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The firm had revenue of $708.30 million during the quarter, compared to the consensus estimate of $697.39 million. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. sell-side analysts forecast that The Hain Celestial Group will post 1.67 EPS for the current year.
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In other The Hain Celestial Group news, Director Richard Dean Hollis bought 10,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 10,000 shares in the company, valued at approximately $352,700. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James M. Langrock bought 5,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $34.40 per share, for a total transaction of $172,000.00. Following the completion of the transaction, the chief financial officer now owns 59,233 shares in the company, valued at approximately $2,037,615.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 68,500 shares of company stock worth $2,352,730. Corporate insiders own 12.34% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Saratoga Research & Investment Management acquired a new position in The Hain Celestial Group during the 3rd quarter valued at about $124,000. Tudor Investment Corp ET AL acquired a new position in The Hain Celestial Group during the 1st quarter valued at about $201,000. Miles Capital Inc. bought a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at about $201,000. First National Trust Co. bought a new stake in shares of The Hain Celestial Group in the 3rd quarter valued at about $201,000. Finally, Oakbrook Investments LLC bought a new stake in shares of The Hain Celestial Group in the 3rd quarter valued at about $202,000. Institutional investors own 89.04% of the company’s stock.
The 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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