TheStreet Upgrades The Hain Celestial Group (NASDAQ:HAIN) to “B”

The Hain Celestial Group (NASDAQ:HAINGet Rating) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

Other research analysts have also recently issued research reports about the company. StockNews.com began coverage on The Hain Celestial Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Consumer Edge raised The Hain Celestial Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, February 8th. Cfra cut their price objective on The Hain Celestial Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, February 4th. Zacks Investment Research lowered The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a research report on Thursday, January 6th. Finally, Jefferies Financial Group began coverage on The Hain Celestial Group in a research report on Friday, March 18th. They set a “hold” rating and a $41.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, The Hain Celestial Group has a consensus rating of “Buy” and an average price target of $49.50.

HAIN stock opened at $33.54 on Thursday. The Hain Celestial Group has a 52-week low of $31.88 and a 52-week high of $48.88. The stock’s fifty day simple moving average is $34.20 and its 200-day simple moving average is $38.51. The company has a quick ratio of 0.97, a current ratio of 1.95 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 26.41 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The Hain Celestial Group had a return on equity of 10.12% and a net margin of 6.67%. The business had revenue of $475.49 million for the quarter, compared to analysts’ expectations of $480.04 million. During the same quarter last year, the firm earned $0.34 earnings per share. The business’s revenue was down 10.0% on a year-over-year basis. As a group, analysts anticipate that The Hain Celestial Group will post 1.52 earnings per share for the current fiscal year.

In related news, Director Glenn W. Welling sold 10,833 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $34.98, for a total transaction of $378,938.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Glenn W. Welling sold 350,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $36.03, for a total value of $12,610,500.00. The disclosure for this sale can be found here. Insiders own 16.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in shares of The Hain Celestial Group by 1,325.7% in the first quarter. SG Americas Securities LLC now owns 91,375 shares of the company’s stock valued at $3,143,000 after buying an additional 84,966 shares in the last quarter. Cambiar Investors LLC increased its holdings in shares of The Hain Celestial Group by 9.1% in the first quarter. Cambiar Investors LLC now owns 72,157 shares of the company’s stock valued at $2,482,000 after buying an additional 5,993 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in The Hain Celestial Group by 7.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 15,891 shares of the company’s stock valued at $547,000 after purchasing an additional 1,154 shares during the period. Chartwell Investment Partners LLC raised its stake in The Hain Celestial Group by 70.2% during the 1st quarter. Chartwell Investment Partners LLC now owns 283,743 shares of the company’s stock valued at $9,761,000 after purchasing an additional 117,002 shares during the period. Finally, Clean Yield Group raised its stake in The Hain Celestial Group by 55.5% during the 1st quarter. Clean Yield Group now owns 61,703 shares of the company’s stock valued at $2,123,000 after purchasing an additional 22,025 shares during the period. 91.30% of the stock is currently owned by institutional investors.

About The Hain Celestial Group (Get Rating)

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, and internationally. It operates through two segments, North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; and condiments.

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Analyst Recommendations for The Hain Celestial Group (NASDAQ:HAIN)

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