Several other brokerages have also issued reports on HAIN. Maxim Group set a $7.00 target price on Net 1 UEPS Technologies and gave the company a buy rating in a research report on Friday, May 10th. Jefferies Financial Group increased their price objective on Broadcom from $314.00 to $341.00 and gave the company a buy rating in a report on Friday, March 15th. SunTrust Banks set a $37.00 price objective on Yelp and gave the company a hold rating in a report on Friday, May 10th. Wolfe Research lowered Hain Celestial Group from an outperform rating to a peer perform rating in a report on Friday, May 17th. Finally, Evercore ISI started coverage on Mondelez International in a report on Tuesday, June 11th. They issued an outperform rating and a $62.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $23.75.
Shares of NASDAQ:HAIN opened at $20.85 on Tuesday. The company’s 50-day simple moving average is $21.25. Hain Celestial Group has a 1 year low of $14.45 and a 1 year high of $30.54. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 13.42 and a beta of 1.37. The company has a quick ratio of 1.22, a current ratio of 2.16 and a debt-to-equity ratio of 0.47.
In related news, Director Glenn W. Welling bought 908,118 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of $23.49 per share, with a total value of $21,331,691.82. Following the completion of the acquisition, the director now directly owns 21,577 shares in the company, valued at $506,843.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Engaged Capital Co-Invest Vi-D bought 2,083,081 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average cost of $23.61 per share, for a total transaction of $49,181,542.41. Following the completion of the acquisition, the insider now owns 21,577 shares of the company’s stock, valued at $509,432.97. The disclosure for this purchase can be found here. Insiders bought 6,871,608 shares of company stock worth $161,995,807 over the last three months. Corporate insiders own 13.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of HAIN. Comerica Bank boosted its position in Hain Celestial Group by 1.4% during the 4th quarter. Comerica Bank now owns 58,277 shares of the company’s stock worth $1,052,000 after buying an additional 785 shares during the period. California Public Employees Retirement System boosted its position in Hain Celestial Group by 1.8% during the 4th quarter. California Public Employees Retirement System now owns 183,201 shares of the company’s stock worth $2,906,000 after buying an additional 3,311 shares during the period. BlackRock Inc. lifted its position in shares of Hain Celestial Group by 1.2% in the 4th quarter. BlackRock Inc. now owns 8,063,817 shares of the company’s stock worth $127,891,000 after purchasing an additional 92,065 shares during the period. Texas Permanent School Fund lifted its position in shares of Hain Celestial Group by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 58,564 shares of the company’s stock worth $929,000 after purchasing an additional 2,314 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Hain Celestial Group by 66.1% in the 4th quarter. Raymond James & Associates now owns 40,960 shares of the company’s stock worth $650,000 after purchasing an additional 16,293 shares during the period. 96.43% of the stock is currently owned by hedge funds and other institutional investors.
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: Current Ratio
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