Hain Celestial Group (HAIN) Trading 5.8% Higher

Hain Celestial Group Inc (NASDAQ:HAIN) was up 5.8% during trading on Monday . The stock traded as high as $17.05 and last traded at $16.84. Approximately 4,386,665 shares traded hands during mid-day trading, an increase of 118% from the average daily volume of 2,014,467 shares. The stock had previously closed at $15.91.

A number of analysts recently commented on HAIN shares. BidaskClub downgraded shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 5th. Piper Jaffray Companies set a $17.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Friday. Maxim Group dropped their target price on shares of Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, November 8th. Wells Fargo & Co set a $42.00 price target on Hain Celestial Group and gave the company a “hold” rating in a report on Thursday, December 20th. Finally, BMO Capital Markets dropped their price target on Hain Celestial Group from $25.00 to $23.00 and set a “market perform” rating on the stock in a report on Monday, December 17th. Four research 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.64.

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 capitalization of $1.66 billion, a PE ratio of 14.52, a PEG ratio of 12.24 and a beta of 1.38.



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

A number of large investors have recently made changes to their positions in HAIN. Trexquant Investment LP acquired a new position in Hain Celestial Group during the third quarter valued at $2,730,000. Baird Financial Group Inc. acquired a new position in shares of Hain Celestial Group in the 3rd quarter valued at about $4,010,000. Lido Advisors LLC acquired a new position in shares of Hain Celestial Group in the 3rd quarter valued at about $243,000. Shufro Rose & Co. LLC increased its holdings in shares of Hain Celestial Group by 27.0% in the 3rd quarter. Shufro Rose & Co. LLC now owns 17,390 shares of the company’s stock valued at $472,000 after purchasing an additional 3,700 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Hain Celestial Group in the 3rd quarter valued at about $151,000. 91.91% of the stock is currently owned by institutional investors.

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About Hain Celestial Group (NASDAQ:HAIN)

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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