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

Analysts at Cowen initiated coverage on shares of The Hain Celestial Group (NASDAQ:HAINGet Rating) in a research report issued on Monday, The Fly reports. The firm set an “outperform” rating on the stock.

Several other equities research analysts have also commented on HAIN. TheStreet upgraded shares of The Hain Celestial Group from a “c+” rating to a “b” rating in a research report on Thursday, April 28th. Consumer Edge upgraded shares of The Hain Celestial Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 8th. Jefferies Financial Group began coverage on shares of The Hain Celestial Group in a research note on Friday, March 18th. They set a “hold” rating and a $41.00 price objective for the company. Cfra dropped their price objective on shares of The Hain Celestial Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, February 4th. Finally, Mizuho dropped their price objective on shares of The Hain Celestial Group from $44.00 to $31.00 in a research note on Monday, May 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $46.83.

Shares of NASDAQ HAIN opened at $24.77 on Monday. The firm has a market capitalization of $2.22 billion, a P/E ratio of 20.64 and a beta of 0.70. The Hain Celestial Group has a one year low of $24.11 and a one year high of $48.88. The company’s fifty day moving average is $32.13 and its two-hundred day moving average is $36.60. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.94 and a current ratio of 1.98.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last issued 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 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 for the quarter, compared to analysts’ expectations of $524.57 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The Hain Celestial Group’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast 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 10,833 shares of the firm’s stock in a transaction 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 can be accessed through the SEC website. Also, Director Glenn W. Welling sold 350,000 shares of the stock in a transaction 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 sold 570,071 shares of company stock valued at $18,597,017 in the last ninety days. 16.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Exchange Traded Concepts LLC increased its holdings 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 grew its holdings in The Hain Celestial Group by 6.1% during the fourth quarter. JustInvest LLC now owns 5,720 shares of the company’s stock worth $244,000 after acquiring an additional 328 shares during the period. IndexIQ Advisors LLC boosted its position in shares of The Hain Celestial Group by 23.3% in the 4th 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. boosted its position in shares of The Hain Celestial Group by 4.5% in the 1st 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 boosted its position in shares of The Hain Celestial Group by 1.6% in the 3rd 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. 94.98% of the stock is currently owned by hedge funds and other 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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