BidaskClub Lowers Hain Celestial Group (NASDAQ:HAIN) to Hold

BidaskClub cut shares of Hain Celestial Group (NASDAQ:HAIN) from a buy rating to a hold rating in a report released on Friday morning, BidAskClub reports.

Several other equities research analysts also recently weighed in on the stock. Barclays reduced their price objective on shares of Hain Celestial Group from $23.00 to $19.00 and set an equal weight rating for the company in a report on Friday, August 30th. Evercore ISI assumed coverage on shares of Hain Celestial Group in a report on Tuesday, June 11th. They issued an in-line rating and a $22.00 price objective for the company. Loop Capital cut their price target on shares of Hain Celestial Group to $20.00 and set a hold rating for the company in a report on Wednesday, August 28th. ValuEngine raised shares of Hain Celestial Group from a hold rating to a buy rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. downgraded shares of Hain Celestial Group from a neutral rating to an underweight rating and cut their price target for the company from $23.00 to $18.00 in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $23.37.

HAIN stock opened at $21.47 on Friday. The company has a market capitalization of $2.18 billion, a P/E ratio of 32.52, a PEG ratio of 15.90 and a beta of 1.35. The company has a 50-day simple moving average of $20.56 and a 200 day simple moving average of $21.56. Hain Celestial Group has a fifty-two week low of $14.45 and a fifty-two week high of $27.68. The company has a quick ratio of 0.88, a current ratio of 1.83 and a debt-to-equity ratio of 0.40.



Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $557.68 million during the quarter, compared to analyst estimates of $537.66 million. Hain Celestial Group had a positive return on equity of 4.33% and a negative net margin of 7.96%. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. Equities analysts anticipate that Hain Celestial Group will post 0.67 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of HAIN. Nuveen Asset Management LLC acquired a new stake in Hain Celestial Group in the 2nd quarter valued at about $51,014,000. Wells Fargo & Company MN raised its holdings in Hain Celestial Group by 48.4% during the 1st quarter. Wells Fargo & Company MN now owns 2,355,935 shares of the company’s stock worth $54,469,000 after buying an additional 768,586 shares during the period. Delek Group Ltd. raised its holdings in Hain Celestial Group by 105.9% during the 1st quarter. Delek Group Ltd. now owns 671,133 shares of the company’s stock worth $15,440,000 after buying an additional 345,200 shares during the period. Marshall Wace North America L.P. acquired a new stake in Hain Celestial Group during the 1st quarter worth about $4,661,000. Finally, Parametric Portfolio Associates LLC raised its holdings in Hain Celestial Group by 9.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,697,478 shares of the company’s stock worth $39,246,000 after buying an additional 149,875 shares during the period. 99.76% of the stock is owned by 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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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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