BMO Capital Markets Lowers Hain Celestial Group (HAIN) Price Target to $20.00

Hain Celestial Group (NASDAQ:HAIN) had its price target trimmed by BMO Capital Markets to $20.00 in a research note published on Friday, The Fly reports. The firm currently has a market perform rating on the stock.

A number of other equities research analysts have also recently commented on the stock. BidaskClub upgraded shares of Hain Celestial Group from a strong sell rating to a sell rating in a research report on Friday, January 4th. Piper Jaffray Companies started coverage on shares of Hain Celestial Group in a research report on Friday, October 12th. They issued a hold rating and a $26.00 target price for the company. Wells Fargo & Co set a $42.00 target price on shares of Hain Celestial Group and gave the company a hold rating in a research report on Thursday, December 20th. Maxim Group reiterated a buy rating and issued a $36.00 target price on shares of Hain Celestial Group in a research report on Monday, December 17th. Finally, ValuEngine cut shares of Hain Celestial Group from a sell rating to a strong sell rating in a research report on Wednesday, January 2nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $28.64.

NASDAQ:HAIN opened at $16.84 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.17 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 12.24 and a beta of 1.38. Hain Celestial Group has a fifty-two week low of $14.45 and a fifty-two week high of $36.15.



Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.12). The company had revenue of $584.16 million for the quarter, compared to analyst estimates of $611.18 million. Hain Celestial Group had a positive return on equity of 5.28% and a negative net margin of 6.72%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. As a group, equities research analysts predict that Hain Celestial Group will post 0.65 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Hain Celestial Group by 1.2% in the fourth quarter. BlackRock Inc. now owns 8,063,817 shares of the company’s stock valued at $127,891,000 after purchasing an additional 92,065 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of Hain Celestial Group by 5.6% in the third quarter. Neuberger Berman Group LLC now owns 5,378,757 shares of the company’s stock valued at $145,867,000 after purchasing an additional 283,888 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Hain Celestial Group by 32.5% in the third quarter. Thrivent Financial for Lutherans now owns 3,190,487 shares of the company’s stock valued at $86,526,000 after purchasing an additional 782,148 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Hain Celestial Group by 1.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 3,000,000 shares of the company’s stock valued at $47,580,000 after purchasing an additional 50,000 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Hain Celestial Group by 14.6% in the third quarter. Bank of New York Mellon Corp now owns 1,975,057 shares of the company’s stock valued at $53,564,000 after purchasing an additional 251,624 shares during the period. 91.91% of the stock is owned by hedge funds and other institutional investors.

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.

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