Hain Celestial Group (HAIN) Stock Rating Lowered by BidaskClub

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Hain Celestial Group (NASDAQ:HAIN) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

HAIN has been the subject of several other reports. ValuEngine upgraded shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Wells Fargo & Co set a $42.00 target price on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Thursday, December 20th. Sanford C. Bernstein lowered shares of Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a research report on Friday, March 1st. Piper Jaffray Companies set a $17.00 target price on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Friday, February 8th. Finally, TheStreet lowered shares of Hain Celestial Group from a “c-” rating to a “d” rating in a research report on Thursday, February 14th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.43.

HAIN opened at $21.84 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 1.25. Hain Celestial Group has a twelve month low of $14.45 and a twelve month high of $32.30. The company has a market cap of $2.30 billion, a PE ratio of 18.83, a P/E/G ratio of 5.60 and a beta of 1.47.

Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, February 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.12). The business had revenue of $584.16 million for the quarter, compared to the consensus estimate of $611.18 million. Hain Celestial Group had a negative net margin of 6.72% and a positive return on equity of 5.28%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share. As a group, research analysts predict that Hain Celestial Group will post 0.66 EPS for the current fiscal year.

In other news, insider Engaged Capital Co-Invest Vi-D purchased 1,800,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was acquired at an average cost of $21.30 per share, for a total transaction of $38,340,000.00. Following the completion of the transaction, the insider now directly owns 21,577 shares in the company, valued at approximately $459,590.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Glenn W. Welling purchased 1,222,979 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was purchased at an average price of $20.48 per share, with a total value of $25,046,609.92. Following the completion of the transaction, the director now owns 21,577 shares of the company’s stock, valued at $441,896.96. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 4,978,829 shares of company stock valued at $101,772,309. Company insiders own 13.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of HAIN. ETF Managers Group LLC boosted its position in shares of Hain Celestial Group by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 4,062 shares of the company’s stock worth $64,000 after acquiring an additional 552 shares during the last quarter. IndexIQ Advisors LLC boosted its position in shares of Hain Celestial Group by 10.2% during the fourth quarter. IndexIQ Advisors LLC now owns 6,648 shares of the company’s stock worth $105,000 after acquiring an additional 614 shares during the last quarter. American International Group Inc. boosted its position in shares of Hain Celestial Group by 0.4% during the fourth quarter. American International Group Inc. now owns 182,520 shares of the company’s stock worth $2,895,000 after acquiring an additional 684 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Hain Celestial Group by 1.2% during the fourth quarter. Arizona State Retirement System now owns 64,233 shares of the company’s stock worth $1,019,000 after acquiring an additional 755 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Hain Celestial Group by 1.4% during the fourth quarter. Comerica Bank now owns 58,277 shares of the company’s stock worth $1,052,000 after acquiring an additional 785 shares during the last quarter. Institutional investors and hedge funds own 96.37% of the company’s stock.

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.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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