Hain Celestial Group (NASDAQ:HAIN) had its price target lifted by investment analysts at Jefferies Financial Group from $25.00 to $30.00 in a report released on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 15.58% from the company’s current price.
Other equities research analysts have also issued reports about the stock. BidaskClub raised shares of Hain Celestial Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 12th. Citigroup raised their price objective on shares of Hain Celestial Group from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Zacks Investment Research raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a report on Wednesday, October 30th. Maxim Group raised their price target on shares of Hain Celestial Group from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, ValuEngine downgraded shares of Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Hain Celestial Group currently has an average rating of “Hold” and a consensus price target of $22.50.
HAIN opened at $25.96 on Tuesday. The company has a fifty day simple moving average of $25.18 and a 200 day simple moving average of $22.33. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 39.33 and a beta of 1.39. Hain Celestial Group has a twelve month low of $14.45 and a twelve month high of $26.49. The company has a current ratio of 1.77, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27.
Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $482.10 million during the quarter, compared to analyst estimates of $492.07 million. Hain Celestial Group had a negative net margin of 11.37% and a positive return on equity of 4.40%. The business’s revenue was down 14.0% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. On average, analysts forecast that Hain Celestial Group will post 0.67 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Brown Advisory Inc. lifted its position in Hain Celestial Group by 0.6% in the 2nd quarter. Brown Advisory Inc. now owns 1,305,360 shares of the company’s stock valued at $28,586,000 after purchasing an additional 7,629 shares during the last quarter. Symons Capital Management Inc. acquired a new position in Hain Celestial Group during the 2nd quarter valued at about $231,000. Wedge Capital Management L L P NC acquired a new position in Hain Celestial Group during the 3rd quarter valued at about $213,000. Man Group plc increased its stake in Hain Celestial Group by 341.4% during the 3rd quarter. Man Group plc now owns 295,900 shares of the company’s stock valued at $6,354,000 after buying an additional 228,868 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in Hain Celestial Group by 54.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,236,088 shares of the company’s stock valued at $26,545,000 after buying an additional 437,068 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.
About Hain Celestial Group
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.
See Also: What is an overbought condition?
