Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday. They presently have a $35.00 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 55.21% from the stock’s current price.
The analysts wrote, “Following investor meetings w/ new CEO, Mark Schiller, we have increased conviction in our Buy rating. We view the new strategy as sound, and expect improved execution driven by a combination of new people, processes, incentives & products. Over the next FY, sales will be down a lot (aggressive cut in tail) before they start growing again but we expect consistent sequential EBITDA improvement. We view the risk/reward as attractive, especially for LT investors.””
A number of other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a report on Friday, January 4th. Piper Jaffray Companies cut their price objective on shares of Hain Celestial Group to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 11th. Wells Fargo & Co set a $42.00 price objective on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Thursday, December 20th. Maxim Group reissued a “buy” rating and issued a $36.00 price target on shares of Hain Celestial Group in a report on Monday, December 17th. Finally, ValuEngine downgraded shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Hain Celestial Group has a consensus rating of “Hold” and an average target price of $26.21.
NASDAQ HAIN opened at $22.55 on Friday. Hain Celestial Group has a 12-month low of $14.45 and a 12-month high of $34.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 1.25. The firm has a market capitalization of $2.28 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 5.57 and a beta of 1.44.
Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, February 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $584.16 million during the quarter, compared to analyst estimates of $611.18 million. During the same period in the previous year, the business posted $0.32 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, sell-side analysts expect that Hain Celestial Group will post 0.66 earnings per share for the current year.
In other news, insider Engaged Capital Co-Invest Vi-D acquired 951,932 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of $19.97 per share, for a total transaction of $19,010,082.04. Following the purchase, the insider now owns 21,577 shares of the company’s stock, valued at approximately $430,892.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Glenn W. Welling acquired 1,222,979 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $20.48 per share, for a total transaction of $25,046,609.92. Following the completion of the purchase, the director now directly owns 21,577 shares in the company, valued at approximately $441,896.96. The disclosure for this purchase can be found here. Insiders purchased a total of 4,978,829 shares of company stock worth $101,772,309 over the last 90 days. 13.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in HAIN. Paradice Investment Management LLC bought a new stake in Hain Celestial Group in the 4th quarter valued at about $30,442,000. Fiduciary Management Inc. WI bought a new stake in Hain Celestial Group in the 3rd quarter valued at about $44,574,000. Darrell & King LLC raised its stake in Hain Celestial Group by 1,472.6% in the 3rd quarter. Darrell & King LLC now owns 1,226,916 shares of the company’s stock valued at $33,274,000 after acquiring an additional 1,148,899 shares during the period. Brown Advisory Inc. bought a new stake in Hain Celestial Group in the 4th quarter valued at about $14,653,000. Finally, Thrivent Financial for Lutherans raised its stake in Hain Celestial Group by 32.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,190,487 shares of the company’s stock valued at $86,526,000 after acquiring an additional 782,148 shares during the period. Institutional investors and hedge funds own 96.00% 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.
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