A number of research firms have changed their ratings and price targets for Hain Celestial Group (NASDAQ: HAIN):

  • 9/11/2018 – Hain Celestial Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/7/2018 – Hain Celestial Group was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 8/30/2018 – Hain Celestial Group had its price target raised by analysts at Wells Fargo & Co from $27.00 to $28.00. They now have a “market perform” rating on the stock.
  • 8/29/2018 – Hain Celestial Group had its price target lowered by analysts at Buckingham Research from $27.00 to $25.00. They now have a “neutral” rating on the stock.
  • 8/29/2018 – Hain Celestial Group had its price target raised by analysts at JPMorgan Chase & Co. from $27.00 to $28.00. They now have a “neutral” rating on the stock.
  • 8/29/2018 – Hain Celestial Group had its price target lowered by analysts at BMO Capital Markets from $31.00 to $29.00. They now have a “market perform” rating on the stock.
  • 8/29/2018 – Hain Celestial Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Hain Celestial, which has lagged the industry year to date, marked its third straight negative sales surprise in fourth-quarter fiscal 2018. The company continued to be hurt by softness in its U.S. segment, wherein sales were partly impacted by SKU rationalization. Also, higher trade and promotional investments in the United States along with escalated freight and commodity costs hurt margins and dented Hain Celestial’s bottom line. While these hurdles are expected to linger, the company is likely to get some respite from Project Terra, which generated cost savings of nearly $63 million during fiscal 2018. Also, management remains on track to revert its U.S. business to growth in fiscal 2019, wherein it expects improved top and bottom lines. However, growth is expected to be more weighted toward the second half, as the company anticipates to reap the benefits from its U.S. brand investments, distribution gains and pricing efforts.”
  • 8/29/2018 – Hain Celestial Group was given a new $40.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 8/28/2018 – Hain Celestial Group was given a new $29.00 price target on by analysts at Loop Capital. They now have a “hold” rating on the stock.
  • 8/28/2018 – Hain Celestial Group had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $40.00 price target on the stock. They wrote, “Market open, HAIN reported mixed F4Q18 (June) results, including higher adjusted EBITDA and non-GAAP EPS on slightly lower revenue. HAIN introduced mixed FY19 (June) guidance, leading us to lower our revenue estimates, but increase adjusted EBITDA and non-GAAP EPS projections. The company has reached an understanding with the SEC staff, subject to commission approval, to resolve the ongoing accounting inquiry with no penalty payment and no admission of individual wrongdoing. Hain Pure Protein (HPP) is expected to be sold by the end of calendar 2018, inline with prior guidance.””
  • 8/22/2018 – Hain Celestial Group was given a new $30.00 price target on by analysts at Loop Capital. They now have a “hold” rating on the stock.
  • 7/24/2018 – Hain Celestial Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Hain Celestial have underperformed the industry in the past six months. The stock was also under pressure after it ended third-quarter fiscal 2018 on a soft note. Although the top and the bottom line improved year over year, they missed estimates for the second quarter in a row. A trimmed fiscal 2018 earnings view also hurt investor sentiment. The company continues to witness dismal sales in the United States. Nonetheless, in order to improve efficiency and simplify brand portfolio, the company decided to divest Hain Pure Protein business, which is likely to close in the first half of fiscal 2019. With an extensive portfolio of brands, Hain Celestial offers one of the strongest growth profiles. Acquisitions have been a key part of the company’s strategy to gain market share. Moreover, the company’s SKU rationalization program, cost containment and expansion of distribution network bode well.”

HAIN stock traded down $0.43 during midday trading on Monday, reaching $27.26. 1,436,200 shares of the company traded hands, compared to its average volume of 1,291,069. Hain Celestial Group Inc has a 52-week low of $25.41 and a 52-week high of $44.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.49 and a quick ratio of 1.56. The company has a market cap of $2.93 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 3.05 and a beta of 1.10.

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

A number of hedge funds have recently modified their holdings of the business. Wallace Capital Management Inc. raised its position in Hain Celestial Group by 44.3% during the second quarter. Wallace Capital Management Inc. now owns 377,029 shares of the company’s stock valued at $11,235,000 after purchasing an additional 115,735 shares during the period. Bank of New York Mellon Corp raised its position 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 valued at $51,358,000 after purchasing an additional 545,113 shares during the period. Steel Partners Holdings L.P. purchased a new stake in Hain Celestial Group during the second quarter valued at approximately $745,000. Global X Management Co LLC raised its position in Hain Celestial Group by 113.7% during the second quarter. Global X Management Co LLC now owns 4,937 shares of the company’s stock valued at $147,000 after purchasing an additional 2,627 shares during the period. Finally, California Public Employees Retirement System raised its position in Hain Celestial Group by 26.6% during the second quarter. California Public Employees Retirement System now owns 267,704 shares of the company’s stock valued at $7,978,000 after purchasing an additional 56,173 shares during the period. Institutional investors and hedge funds own 92.47% of the company’s stock.

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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