Hain Celestial Group (HAIN) Coverage Initiated by Analysts at Piper Jaffray Companies

Piper Jaffray Companies assumed coverage on shares of Hain Celestial Group (NASDAQ:HAIN) in a research report released on Friday. The brokerage issued a hold rating and a $26.00 price objective on the stock.

A number of other brokerages have also weighed in on HAIN. Buckingham Research decreased their target price on Hain Celestial Group from $27.00 to $25.00 and set a neutral rating on the stock in a research note on Wednesday, August 29th. Citigroup decreased their target price on Hain Celestial Group from $40.00 to $36.00 and set a buy rating on the stock in a research note on Monday, June 25th. Jefferies Financial Group restated a buy rating and issued a $45.00 target price (up from $40.00) on shares of Hain Celestial Group in a research note on Monday, September 24th. BidaskClub upgraded Hain Celestial Group from a hold rating to a buy rating in a research note on Tuesday, September 11th. Finally, BMO Capital Markets decreased their target price on Hain Celestial Group from $31.00 to $29.00 and set a market perform rating on the stock in a research note on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $32.53.

HAIN traded up $0.05 during trading on Friday, reaching $25.25. 1,073,549 shares of the company were exchanged, compared to its average volume of 1,302,414. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 2.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.49. Hain Celestial Group has a 12-month low of $24.89 and a 12-month high of $44.37.

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, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $619.60 million for the quarter, compared to analysts’ expectations of $629.25 million. Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, research analysts forecast that Hain Celestial Group will post 1.24 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in HAIN. Arizona State Retirement System grew its position in Hain Celestial Group by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 72,153 shares of the company’s stock worth $2,150,000 after acquiring an additional 1,845 shares during the last quarter. HGK Asset Management Inc. grew its position in Hain Celestial Group by 19.4% during the 2nd quarter. HGK Asset Management Inc. now owns 11,872 shares of the company’s stock worth $354,000 after acquiring an additional 1,930 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its position in Hain Celestial Group by 13.3% during the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 17,000 shares of the company’s stock worth $660,000 after acquiring an additional 2,000 shares during the last quarter. Rand Wealth LLC grew its position in Hain Celestial Group by 5.7% during the 2nd quarter. Rand Wealth LLC now owns 37,294 shares of the company’s stock worth $1,111,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Advisors Capital Management LLC grew its position in Hain Celestial Group by 2.8% during the 3rd quarter. Advisors Capital Management LLC now owns 76,560 shares of the company’s stock worth $2,076,000 after acquiring an additional 2,094 shares during the last quarter. Hedge funds and other institutional investors own 92.47% 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.

Read More: Initial Public Offering (IPO)

Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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