Hain Celestial Group (HAIN) Stock Rating Upgraded by BidaskClub

Hain Celestial Group (NASDAQ:HAIN) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Several other research firms have also weighed in on HAIN. Loop Capital set a $30.00 price objective on Hain Celestial Group and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. ValuEngine raised Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Wells Fargo & Co lifted their price objective on Hain Celestial Group from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, August 30th. Zacks Investment Research raised Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $45.00 price objective (up from $40.00) on shares of Hain Celestial Group in a research report on Monday, September 24th. Two equities research 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. Hain Celestial Group currently has an average rating of “Hold” and a consensus price target of $30.40.

HAIN stock opened at $22.59 on Thursday. Hain Celestial Group has a 1-year low of $21.76 and a 1-year high of $43.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.32 and a quick ratio of 1.37. The stock has a market capitalization of $2.34 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $560.88 million during the quarter, compared to the consensus estimate of $588.12 million. During the same period last year, the business posted $0.20 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. Analysts expect that Hain Celestial Group will post 1.17 earnings per share for the current year.

In other news, insider Mark L. Schiller bought 45,800 shares of Hain Celestial Group stock in a transaction dated Monday, November 12th. The stock was bought at an average cost of $22.88 per share, for a total transaction of $1,047,904.00. Following the purchase, the insider now directly owns 124,355 shares in the company, valued at approximately $2,845,242.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HAIN. Fiduciary Management Inc. WI acquired a new stake in shares of Hain Celestial Group in the 3rd quarter valued at about $44,574,000. Darrell & King LLC grew its stake in shares of Hain Celestial Group by 1,472.6% in the 3rd quarter. Darrell & King LLC now owns 1,226,916 shares of the company’s stock valued at $33,274,000 after buying an additional 1,148,899 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Hain Celestial Group by 32.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,190,487 shares of the company’s stock valued at $86,526,000 after buying an additional 782,148 shares during the period. Janus Henderson Group PLC grew its stake in shares of Hain Celestial Group by 3,862.2% in the 3rd quarter. Janus Henderson Group PLC now owns 738,747 shares of the company’s stock valued at $20,035,000 after buying an additional 720,102 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Hain Celestial Group by 28.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock valued at $80,460,000 after buying an additional 600,000 shares during the period. Institutional investors own 93.18% 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.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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