Hain Celestial Group (NASDAQ:HAIN) Downgraded by BidaskClub to Strong Sell

BidaskClub downgraded shares of Hain Celestial Group (NASDAQ:HAIN) from a sell rating to a strong sell rating in a research report released on Saturday, January 13th.

Several other research analysts have also weighed in on HAIN. Wells Fargo & Co reaffirmed a market perform rating and issued a $42.00 target price on shares of Hain Celestial Group in a research report on Saturday, September 30th. Zacks Investment Research lowered Hain Celestial Group from a hold rating to a sell rating in a research report on Tuesday, January 9th. SunTrust Banks reissued a hold rating and set a $35.00 price objective on shares of Hain Celestial Group in a report on Friday, November 10th. Loop Capital reissued a hold rating and set a $38.00 price objective on shares of Hain Celestial Group in a report on Friday, December 22nd. Finally, Sanford C. Bernstein upgraded Hain Celestial Group from a market perform rating to an outperform rating and set a $45.00 target price for the company in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $41.31.

Shares of Hain Celestial Group (NASDAQ:HAIN) opened at $39.59 on Friday. Hain Celestial Group has a fifty-two week low of $31.01 and a fifty-two week high of $45.61. The company has a market capitalization of $4,085.24, a price-to-earnings ratio of 52.79, a PEG ratio of 1.67 and a beta of 1.25. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42.

Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million for the quarter, compared to analysts’ expectations of $697.39 million. Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. sell-side analysts anticipate that Hain Celestial Group will post 1.68 EPS for the current year.

In other Hain Celestial Group news, CEO Irwin D. Simon bought 50,000 shares of Hain Celestial Group stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $34.14 per share, for a total transaction of $1,707,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,695,014 shares in the company, valued at approximately $57,867,777.96. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard Dean Hollis purchased 10,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $35.27 per share, for a total transaction of $352,700.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $352,700. The disclosure for this purchase can be found here. Insiders bought a total of 68,500 shares of company stock valued at $2,352,730 over the last three months. Insiders own 12.34% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Hain Celestial Group by 16.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 412,233 shares of the company’s stock valued at $16,003,000 after acquiring an additional 59,064 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Hain Celestial Group by 3.5% in the second quarter. Principal Financial Group Inc. now owns 438,522 shares of the company’s stock valued at $17,023,000 after acquiring an additional 14,910 shares during the last quarter. Swiss National Bank increased its position in shares of Hain Celestial Group by 1.3% in the second quarter. Swiss National Bank now owns 173,414 shares of the company’s stock valued at $6,732,000 after acquiring an additional 2,300 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Hain Celestial Group by 3.1% in the second quarter. Alliancebernstein L.P. now owns 63,420 shares of the company’s stock valued at $2,462,000 after acquiring an additional 1,907 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Hain Celestial Group by 13.2% in the second quarter. Teachers Advisors LLC now owns 123,735 shares of the company’s stock valued at $4,803,000 after acquiring an additional 14,435 shares during the last quarter. Institutional investors own 89.99% of the company’s stock.

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Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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