Hain Celestial Group (HAIN) Stock Rating Upgraded by Zacks Investment Research

Hain Celestial Group (NASDAQ:HAIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Hain Celestial shares have underperformed the industry in the past three months. Stiff competition from companies expanding their presence in the natural & organic food business and foreign currency headwind remain deterrents. However, with an extensive portfolio of well-known brands, it offers investors one of the strongest growth profiles in the industry. Acquisitions have been a key part of the company’s strategy to build market share. A healthy balance sheet enables it to target strategic buyout opportunities. In November, the company reported first-quarter fiscal 2018 results wherein the top line beat estimate but the bottom line came in line with the estimate. The company expects to sustain the momentum into fiscal 2018 with net sales projected to increase in the band of 4-6%. Moreover, Hain Celestial being one of the largest suppliers to Whole Foods is viewing its acquisition by Amazon as a lucrative opportunity.”

A number of other research analysts have also weighed in on HAIN. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $42.00 price target on shares of Hain Celestial Group in a research note on Saturday, September 30th. Sanford C. Bernstein initiated coverage on shares of Hain Celestial Group in a research note on Friday, October 6th. They issued a “market perform” rating and a $45.00 price target on the stock. BMO Capital Markets lowered shares of Hain Celestial Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $48.00 to $44.00 in a research note on Thursday, October 19th. TheStreet downgraded shares of Hain Celestial Group from a “b-” rating to a “c” rating in a report on Tuesday, November 7th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Hain Celestial Group in a report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $41.31.

Shares of Hain Celestial Group (NASDAQ HAIN) traded up $0.59 during trading on Tuesday, reaching $40.01. 979,700 shares of the company were exchanged, compared to its average volume of 867,791. The stock has a market cap of $4,110.00, a price-to-earnings ratio of 53.35, a PEG ratio of 1.68 and a beta of 1.25. Hain Celestial Group has a 1 year low of $31.01 and a 1 year high of $45.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.50 and a quick ratio of 1.22.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million during the quarter, compared to analysts’ expectations of $697.39 million. Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. equities analysts anticipate that Hain Celestial Group will post 1.68 EPS for the current fiscal year.

In other Hain Celestial Group news, Director Richard Dean Hollis purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was bought at an average price of $35.27 per share, with a total value of $352,700.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $352,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Irwin D. Simon purchased 50,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $34.14 per share, with a total value of $1,707,000.00. Following the transaction, the chief executive officer now directly owns 1,695,014 shares in the company, valued at $57,867,777.96. The disclosure for this purchase can be found here. Insiders purchased a total of 68,500 shares of company stock valued at $2,352,730 in the last quarter. 12.34% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new stake in shares of Hain Celestial Group during the 2nd quarter worth $13,584,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Hain Celestial Group during the 3rd quarter worth $2,058,000. Stifel Financial Corp lifted its position in shares of Hain Celestial Group by 12.3% during the 3rd quarter. Stifel Financial Corp now owns 25,881 shares of the company’s stock worth $1,063,000 after purchasing an additional 2,843 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Hain Celestial Group by 10.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 455,205 shares of the company’s stock worth $18,732,000 after purchasing an additional 42,972 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of Hain Celestial Group during the 2nd quarter worth $11,855,000. 89.99% of the stock is owned by institutional investors and hedge funds.

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Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

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