Hain Celestial Group (HAIN) Receives $39.48 Average PT from Analysts

Shares of Hain Celestial Group (NASDAQ:HAIN) have earned an average recommendation of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three 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 average 1-year target price among analysts that have issued ratings on the stock in the last year is $39.48.

HAIN has been the subject of a number of recent research reports. BidaskClub cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 23rd. Zacks Investment Research upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Loop Capital set a $38.00 target price on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Thursday, December 28th. Susquehanna Bancshares reiterated a “hold” rating and issued a $43.00 target price on shares of Hain Celestial Group in a research report on Tuesday, January 23rd. Finally, Jefferies Group reiterated a “buy” rating and issued a $40.00 target price on shares of Hain Celestial Group in a research report on Tuesday, April 3rd.

Shares of NASDAQ HAIN traded down $0.68 during mid-day trading on Wednesday, reaching $29.69. The company’s stock had a trading volume of 1,075,384 shares, compared to its average volume of 1,193,936. The stock has a market capitalization of $3,155.99, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 1.19, a current ratio of 2.44 and a debt-to-equity ratio of 0.41. Hain Celestial Group has a 1-year low of $29.64 and a 1-year high of $45.61.

Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The business had revenue of $775.20 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. equities research analysts expect that Hain Celestial Group will post 1.66 EPS for the current year.

In other news, Director Glenn W. Welling acquired 1,407,543 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $34.83 per share, for a total transaction of $49,024,722.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.34% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in HAIN. Legal & General Group Plc boosted its stake in Hain Celestial Group by 11.7% during the third quarter. Legal & General Group Plc now owns 121,043 shares of the company’s stock worth $4,982,000 after buying an additional 12,680 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Hain Celestial Group by 10.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 455,205 shares of the company’s stock worth $18,732,000 after buying an additional 42,972 shares during the period. Stifel Financial Corp boosted its stake in Hain Celestial Group by 12.3% during the third quarter. Stifel Financial Corp now owns 25,881 shares of the company’s stock worth $1,063,000 after buying an additional 2,843 shares during the period. Janus Henderson Group PLC boosted its stake in Hain Celestial Group by 130.8% during the third quarter. Janus Henderson Group PLC now owns 21,404 shares of the company’s stock worth $881,000 after buying an additional 12,130 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Hain Celestial Group by 7.8% during the third quarter. California Public Employees Retirement System now owns 183,741 shares of the company’s stock worth $7,561,000 after buying an additional 13,341 shares during the period. 91.29% of the stock is owned by institutional investors.

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About Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; 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; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.

Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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