Evercore ISI initiated coverage on shares of Hain Celestial Group (NASDAQ:HAIN) in a report published on Tuesday, BenzingaRatingsTable reports. The brokerage issued an in-line rating and a $22.00 price objective on the stock.
A number of other equities analysts have also recently issued reports on the stock. BidaskClub raised shares of Hain Celestial Group from a sell rating to a hold rating in a research note on Thursday, March 7th. Jefferies Financial Group reaffirmed a buy rating and issued a $35.00 price objective on shares of Hain Celestial Group in a research note on Friday, March 15th. JPMorgan Chase & Co. raised shares of Hain Celestial Group from a neutral rating to an overweight rating and raised their price objective for the company from $15.00 to $20.00 in a research note on Thursday, February 28th. Sanford C. Bernstein cut shares of Hain Celestial Group from an outperform rating to a market perform rating and set a $22.00 price objective on the stock. in a research note on Friday, March 1st. Finally, TheStreet cut shares of Hain Celestial Group from a c- rating to a d rating in a research note on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $23.75.
Shares of Hain Celestial Group stock opened at $21.12 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.22. The company has a market capitalization of $2.19 billion, a P/E ratio of 29.55, a P/E/G ratio of 15.93 and a beta of 1.36. Hain Celestial Group has a fifty-two week low of $14.45 and a fifty-two week high of $31.53.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $599.80 million during the quarter, compared to analyst estimates of $597.75 million. Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. Hain Celestial Group’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Equities analysts predict that Hain Celestial Group will post 0.66 earnings per share for the current fiscal year.
In other news, insider Engaged Capital Co-Invest Vi-D purchased 667,198 shares of Hain Celestial Group stock in a transaction dated Monday, May 13th. The shares were bought at an average cost of $23.33 per share, with a total value of $15,565,729.34. Following the completion of the transaction, the insider now directly owns 21,577 shares in the company, valued at approximately $503,391.41. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn W. Welling purchased 1,995,291 shares of Hain Celestial Group stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average cost of $23.73 per share, for a total transaction of $47,348,255.43. Following the completion of the transaction, the director now owns 21,577 shares of the company’s stock, valued at $512,022.21. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 6,871,608 shares of company stock worth $161,995,807. Insiders own 13.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Carroll Financial Associates Inc. boosted its position in shares of Hain Celestial Group by 640.0% during the first quarter. Carroll Financial Associates Inc. now owns 1,184 shares of the company’s stock worth $27,000 after purchasing an additional 1,024 shares in the last quarter. Ameritas Investment Corp bought a new position in shares of Hain Celestial Group during the first quarter worth $28,000. Parallel Advisors LLC boosted its position in shares of Hain Celestial Group by 1,005.0% during the fourth quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $31,000 after purchasing an additional 1,819 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Hain Celestial Group by 1,486.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 558,335 shares of the company’s stock worth $35,000 after purchasing an additional 523,131 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Hain Celestial Group during the fourth quarter worth $44,000. 96.43% of the stock is currently owned by institutional investors.
About Hain Celestial Group
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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