Hain Celestial Group (HAIN) Stock Rating Reaffirmed by Maxim Group
“2018, HAIN hosted a luncheon for sell-side analysts with new CEO a few Board members. We have confidence in Mr. Schiller based on his vision for HAIN and his strong track record. We also came away from the lunch convinced that the Board is aligned with the CEO. We expect HAIN to focus on streamlining its business to reduce complexity and improve efficiency. the SEC announced a settlement with HAIN regarding its sales practices and did not impose a monetary penalty. We believe HAIN is reviewing all strategic alternatives, but likely must first sell Hain Pure Protein (HPP) and streamline the rest of its business.”,” Maxim Group’s analyst wrote.
HAIN has been the topic of a number of other reports. ValuEngine downgraded Hain Celestial Group from a sell rating to a strong sell rating in a research report on Tuesday, September 18th. Buckingham Research set a $24.00 target price on Hain Celestial Group and gave the stock a hold rating in a research report on Friday, November 9th. Piper Jaffray Companies assumed coverage on Hain Celestial Group in a research report on Friday, October 12th. They set a hold rating and a $26.00 target price on the stock. BMO Capital Markets reissued a hold rating and set a $25.00 target price on shares of Hain Celestial Group in a research report on Tuesday, November 13th. Finally, Jefferies Financial Group set a $40.00 target price on Hain Celestial Group and gave the stock a buy rating in a research report on Wednesday, August 29th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Hain Celestial Group presently has a consensus rating of Hold and a consensus price target of $30.27.
Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, November 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Hain Celestial Group had a positive return on equity of 6.67% and a negative net margin of 1.84%. The firm had revenue of $560.88 million for the quarter, compared to analyst estimates of $588.12 million. During the same period last year, the business earned $0.20 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts predict that Hain Celestial Group will post 1.16 earnings per share for the current fiscal year.
In other Hain Celestial Group news, insider Mark L. Schiller purchased 45,800 shares of the business’s stock in a transaction on Monday, November 12th. The stock was purchased at an average price of $22.88 per share, for a total transaction of $1,047,904.00. Following the completion of the purchase, the insider now directly owns 124,355 shares in the company, valued at $2,845,242.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.50% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in HAIN. Bank of Montreal Can lifted its stake in Hain Celestial Group by 39.0% during the second quarter. Bank of Montreal Can now owns 22,310 shares of the company’s stock worth $664,000 after purchasing an additional 6,260 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Hain Celestial Group by 112.2% in the second quarter. BNP Paribas Arbitrage SA now owns 8,877 shares of the company’s stock valued at $265,000 after acquiring an additional 4,694 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Hain Celestial Group by 125.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 26,040 shares of the company’s stock valued at $776,000 after acquiring an additional 14,490 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Hain Celestial Group in the second quarter valued at approximately $3,505,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Hain Celestial Group in the second quarter valued at approximately $836,000. Hedge funds and other institutional investors own 93.47% of the company’s stock.
Hain Celestial Group Company Profile
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.
Further Reading: Dividend
Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.