The Hain Celestial Group (NASDAQ:HAIN) Coverage Initiated by Analysts at Cowen

Cowen started coverage on shares of The Hain Celestial Group (NASDAQ:HAINGet Rating) in a research note issued to investors on Monday, Briefing.com reports. The firm set an “outperform” rating and a $34.00 price target on the stock. Cowen’s target price indicates a potential upside of 37.26% from the company’s current price.

A number of other research analysts also recently commented on HAIN. TheStreet raised The Hain Celestial Group from a “c+” rating to a “b” rating in a research note on Thursday, April 28th. Consumer Edge upgraded The Hain Celestial Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, February 8th. Jefferies Financial Group began coverage on shares of The Hain Celestial Group in a research report on Friday, March 18th. They issued a “hold” rating and a $41.00 price target for the company. StockNews.com started coverage on The Hain Celestial Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Cowen started coverage on shares of The Hain Celestial Group in a research note on Monday. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $45.00.

Shares of HAIN stock opened at $24.77 on Monday. The stock has a 50-day moving average price of $32.13 and a 200 day moving average price of $36.60. The Hain Celestial Group has a 12 month low of $24.11 and a 12 month high of $48.88. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 20.64 and a beta of 0.70. 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 released its earnings results on Thursday, May 5th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.13). The firm had revenue of $502.94 million during the quarter, compared to the consensus estimate of $524.57 million. The Hain Celestial Group had a net margin of 6.12% and a return on equity of 9.66%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. Sell-side analysts predict that The Hain Celestial Group will post 1.35 earnings per share for the current fiscal year.

In related news, Director Glenn W. Welling sold 209,238 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $26.80, for a total transaction of $5,607,578.40. Following the completion of the sale, the director now owns 73,529 shares in the company, valued at $1,970,577.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Glenn W. Welling sold 350,000 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $36.03, for a total transaction of $12,610,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 570,071 shares of company stock valued at $18,597,017. Insiders own 16.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of The Hain Celestial Group by 12.4% in the fourth quarter. BlackRock Inc. now owns 8,122,985 shares of the company’s stock worth $346,121,000 after purchasing an additional 897,216 shares during the period. Black Creek Investment Management Inc. boosted its stake in shares of The Hain Celestial Group by 1.2% in the first quarter. Black Creek Investment Management Inc. now owns 5,653,401 shares of the company’s stock worth $194,477,000 after acquiring an additional 66,371 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in The Hain Celestial Group by 5.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 4,157,562 shares of the company’s stock worth $177,173,000 after purchasing an additional 225,435 shares in the last quarter. Clearbridge Investments LLC grew its holdings in The Hain Celestial Group by 5.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,063,709 shares of the company’s stock valued at $105,392,000 after buying an additional 167,520 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in The Hain Celestial Group by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,770,722 shares of the company’s stock worth $118,532,000 after purchasing an additional 15,361 shares in the last quarter. Institutional investors own 94.98% of the company’s stock.

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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