Engaged Capital LLC
revealed that they own a 11.3% stake in Hain Celestial Group Inc (NASDAQ:HAIN) in a Form 13D/A disclosure that was filed with the SEC on Thursday, March 1st. The investor owns 11,761,242 shares of the stock valued at about $400,940,740. The reporting parties listed on the disclosure included Engaged Capital Flagship Master Fund, LP, Engaged Capital CoInvest VI, LP, Engaged Capital CoInvest VIA, LP, Engaged Capital CoInvest VIB, LP, Engaged Capital CoInvest VIC, LP, Engaged Capital Flagship Fund, LP, Engaged Capital Flagship Fund, Ltd, Engaged Capital, LLC, Engaged Capital Holdings, LLC and Glenn W Welling. The disclosure is available through EDGAR at <a href='http://www.sec.gov/
Several analysts have commented on HAIN shares. Jefferies Group reiterated a “buy” rating and set a $52.00 target price on shares of Hain Celestial Group in a research note on Friday, November 17th. TheStreet downgraded Hain Celestial Group from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. BidaskClub upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Loop Capital set a $38.00 target price on Hain Celestial Group and gave the company a “hold” rating in a research note on Thursday, December 28th. Finally, SunTrust Banks reiterated a “hold” rating and set a $35.00 target price on shares of Hain Celestial Group in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. Hain Celestial Group presently has an average rating of “Hold” and an average price target of $41.11.
Hain Celestial Group Inc (NASDAQ:HAIN) traded down $0.69 during midday trading on Thursday, hitting $34.09. The stock had a trading volume of 1,177,655 shares, compared to its average volume of 1,172,660. The company has a market cap of $3,540.00, a PE ratio of 48.01, a price-to-earnings-growth ratio of 1.11 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.44 and a quick ratio of 1.19. Hain Celestial Group Inc has a 12-month low of $31.01 and a 12-month high of $45.61.
Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $775.20 million for the quarter, compared to the consensus estimate of $774.50 million. Hain Celestial Group had a net margin of 3.38% and a return on equity of 8.35%. Hain Celestial Group’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. analysts expect that Hain Celestial Group Inc will post 1.66 EPS for the current fiscal year.
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About Hain Celestial Group
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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