The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Consensus Recommendation of “Buy” by Brokerages

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Rating) have earned an average rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $49.50.

Several equities research analysts have weighed in on HAIN shares. Mizuho started coverage on The Hain Celestial Group in a research report on Wednesday, January 26th. They set a “buy” rating and a $47.00 price target on the stock. Cfra cut their price target 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. TheStreet cut The Hain Celestial Group from a “b” rating to a “c+” rating in a research report on Wednesday, March 23rd. StockNews.com assumed coverage on The Hain Celestial Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research cut The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $45.00 target price on the stock. in a research report on Thursday, January 6th.

In related news, Director Glenn W. Welling sold 10,833 shares of the firm’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $34.98, for a total value of $378,938.34. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Glenn W. Welling sold 350,000 shares of the firm’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 disclosure for this sale can be found here. Company insiders own 16.90% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its stake in The Hain Celestial Group by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 14,737 shares of the company’s stock worth $628,000 after purchasing an additional 267 shares in the last quarter. JustInvest LLC lifted its stake in The Hain Celestial Group by 6.1% in the 4th quarter. JustInvest LLC now owns 5,720 shares of the company’s stock worth $244,000 after purchasing an additional 328 shares in the last quarter. IndexIQ Advisors LLC lifted its stake in The Hain Celestial Group by 23.3% in the 4th quarter. IndexIQ Advisors LLC now owns 1,796 shares of the company’s stock worth $77,000 after purchasing an additional 339 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in 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 worth $1,184,000 after purchasing an additional 433 shares in the last quarter. Finally, Bank of New Hampshire lifted its stake in The Hain Celestial Group by 3.4% in the 1st quarter. Bank of New Hampshire now owns 13,680 shares of the company’s stock worth $471,000 after purchasing an additional 455 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

HAIN traded up $0.29 during midday trading on Wednesday, hitting $34.54. 29,903 shares of the company were exchanged, compared to its average volume of 880,714. The company’s 50 day simple moving average is $34.44 and its 200 day simple moving average is $38.79. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 26.93 and a beta of 0.74. The company has a current ratio of 1.95, a quick ratio of 0.97 and a debt-to-equity ratio of 0.58. The Hain Celestial Group has a 1-year low of $31.88 and a 1-year high of $48.88.

The Hain Celestial Group (NASDAQ:HAIN – Get Rating) last announced its quarterly earnings results on Thursday, February 3rd. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $475.49 million for the quarter, compared to the consensus estimate of $480.04 million. The Hain Celestial Group had a return on equity of 10.12% and a net margin of 6.67%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS. On average, equities analysts anticipate that The Hain Celestial Group will post 1.52 EPS for the current year.

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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