Hain Celestial Group (HAIN) Receives “Hold” Rating from Susquehanna Bancshares

Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “hold” rating reissued by investment analysts at Susquehanna Bancshares in a research note issued to investors on Tuesday. They presently have a $43.00 target price on the stock. Susquehanna Bancshares’ price target would indicate a potential upside of 8.61% from the stock’s previous close.

Several other research analysts have also recently commented on the company. BMO Capital Markets cut Hain Celestial Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $48.00 to $44.00 in a research report on Thursday, October 19th. TheStreet cut Hain Celestial Group from a “b-” rating to a “c” rating in a research report on Tuesday, November 7th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Hain Celestial Group in a research report on Thursday, November 9th. Loop Capital set a $38.00 target price on Hain Celestial Group and gave the stock a “hold” rating in a research report on Thursday, December 28th. Finally, Maxim Group reaffirmed a “sell” rating on shares of Hain Celestial Group in a research report on Tuesday, December 19th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $41.19.

Shares of Hain Celestial Group (HAIN) traded up $0.23 during mid-day trading on Tuesday, reaching $39.59. The company had a trading volume of 1,246,600 shares, compared to its average volume of 875,671. The company has a market capitalization of $4,170.00, a PE ratio of 52.79, a P/E/G ratio of 1.67 and a beta of 1.25. Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.22 and a current ratio of 2.50.

Hain Celestial Group (NASDAQ:HAIN) last issued 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 firm had revenue of $708.30 million during the quarter, compared to the consensus estimate of $697.39 million. Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. research analysts anticipate that Hain Celestial Group will post 1.68 EPS for the current fiscal year.

In related news, CEO Irwin D. Simon acquired 50,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $34.14 per share, with a total value 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 $57,867,777.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Dean Hollis acquired 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were bought at an average cost of $35.27 per share, with a total value of $352,700.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $352,700. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 68,500 shares of company stock valued at $2,352,730. Company insiders own 12.34% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. raised its holdings 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 buying an additional 1,907 shares during the last quarter. Teachers Advisors LLC raised its holdings 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 buying an additional 14,435 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Hain Celestial Group by 25.8% in the second quarter. Ameriprise Financial Inc. now owns 734,916 shares of the company’s stock valued at $28,531,000 after buying an additional 150,547 shares during the last quarter. Nationwide Fund Advisors raised its holdings in shares of Hain Celestial Group by 46.4% in the second quarter. Nationwide Fund Advisors now owns 252,782 shares of the company’s stock valued at $9,813,000 after buying an additional 80,065 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Hain Celestial Group by 24.0% in the second quarter. Amalgamated Bank now owns 20,269 shares of the company’s stock valued at $787,000 after buying an additional 3,929 shares during the last quarter. 89.99% of the stock is owned by institutional investors.

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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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