The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Average Recommendation of “Buy” from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) has been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $46.83.

A number of equities analysts have recently weighed in on HAIN shares. Cfra dropped their price target on shares of The Hain Celestial Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, February 4th. Mizuho dropped their price target on shares of The Hain Celestial Group from $44.00 to $31.00 in a research note on Monday, May 9th. Consumer Edge raised shares of The Hain Celestial Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 8th. TheStreet raised shares of The Hain Celestial Group from a “c+” rating to a “b” rating in a research note on Thursday, April 28th. Finally, StockNews.com assumed coverage on shares of The Hain Celestial Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

HAIN opened at $27.66 on Friday. The stock has a fifty day moving average of $32.84 and a 200-day moving average of $37.34. The firm has a market capitalization of $2.48 billion, a P/E ratio of 23.05 and a beta of 0.70. The Hain Celestial Group has a 12-month low of $24.85 and a 12-month high of $48.88. The company has a quick ratio of 0.94, a current ratio of 1.98 and a debt-to-equity ratio of 0.72.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.12). The Hain Celestial Group had a return on equity of 9.66% and a net margin of 6.12%. The company had revenue of $502.94 million during the quarter, compared to analyst estimates of $524.57 million. During the same period last year, the company posted $0.44 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. On average, analysts expect that The Hain Celestial Group will post 1.35 earnings per share for the current fiscal year.

In other news, Director Glenn W. Welling sold 350,000 shares of the company’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 transaction of $12,610,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn W. Welling sold 10,833 shares of the company’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 value of $378,938.34. The disclosure for this sale can be found here. Corporate insiders own 16.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC increased its position in shares of The Hain Celestial Group by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,737 shares of the company’s stock valued at $628,000 after purchasing an additional 267 shares during the period. JustInvest LLC increased its position in shares of The Hain Celestial Group by 6.1% during the fourth quarter. JustInvest LLC now owns 5,720 shares of the company’s stock valued at $244,000 after purchasing an additional 328 shares during the period. IndexIQ Advisors LLC increased its position in shares of The Hain Celestial Group by 23.3% during the fourth quarter. IndexIQ Advisors LLC now owns 1,796 shares of the company’s stock valued at $77,000 after purchasing an additional 339 shares during the period. Advisor Group Holdings Inc. increased its position in shares of The Hain Celestial Group by 4.5% during the first quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company’s stock valued at $327,000 after purchasing an additional 425 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of The Hain Celestial Group by 1.6% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,674 shares of the company’s stock valued at $1,184,000 after purchasing an additional 433 shares during the period. Institutional investors own 94.98% of the company’s stock.

The Hain Celestial Group Company Profile (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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