Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued on Wednesday. They currently have a $52.00 price target on the stock. Jefferies Group’s target price would suggest a potential upside of 48.57% from the company’s previous close.
The analysts wrote, “2Q sales were in line but EBIT/EBITDA missed by 11% and 7%, respectively. As feared, US segment sales and profitability missed expectations – sales growth was -3% (JEF 0%) & segment EBIT was down 24% (JEF -3%). Brand investments & freight costs hurt US profitability, both of which are transitory. However, disappointing sales growth points to ineffectiveness of brand investments, which is concerning. EBITDA guidance reduced but implies 2H 3% higher than Street.””
Several other research analysts have also weighed in on the stock. BMO Capital Markets lowered shares of Hain Celestial Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $48.00 to $44.00 in a research note on Thursday, October 19th. TheStreet lowered shares of Hain Celestial Group from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Royal Bank of Canada restated a “hold” rating on shares of Hain Celestial Group in a research note on Thursday, November 9th. Loop Capital set a $38.00 price objective on shares of Hain Celestial Group and gave the stock a “hold” rating in a research note on Thursday, December 28th. Finally, Maxim Group restated a “sell” rating on shares of Hain Celestial Group in a research note on Tuesday, December 19th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.19.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $775.20 million during the quarter, compared to analyst estimates of $774.50 million. Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. equities research analysts anticipate that Hain Celestial Group will post 1.67 earnings per share for the current fiscal year.
In other Hain Celestial Group news, CEO Irwin D. Simon acquired 50,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $34.14 per share, with a total value of $1,707,000.00. Following the acquisition, the chief executive officer now directly owns 1,695,014 shares of the company’s stock, valued at approximately $57,867,777.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James M. Langrock acquired 5,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $34.40 per share, with a total value of $172,000.00. Following the acquisition, the chief financial officer now directly owns 59,233 shares in the company, valued at $2,037,615.20. The disclosure for this purchase can be found here. Insiders have purchased a total of 68,500 shares of company stock valued at $2,352,730 in the last ninety days. 12.34% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goelzer Investment Management Inc. boosted its holdings in Hain Celestial Group by 3.7% in the 4th quarter. Goelzer Investment Management Inc. now owns 113,285 shares of the company’s stock valued at $4,802,000 after purchasing an additional 4,076 shares during the period. Dubuque Bank & Trust Co. boosted its holdings in Hain Celestial Group by 25.3% in the 4th quarter. Dubuque Bank & Trust Co. now owns 13,474 shares of the company’s stock valued at $571,000 after purchasing an additional 2,721 shares during the period. Teacher Retirement System of Texas boosted its holdings in Hain Celestial Group by 278.2% in the 4th quarter. Teacher Retirement System of Texas now owns 32,355 shares of the company’s stock valued at $1,372,000 after purchasing an additional 23,801 shares during the period. SFE Investment Counsel boosted its holdings in Hain Celestial Group by 26.7% in the 4th quarter. SFE Investment Counsel now owns 23,919 shares of the company’s stock valued at $1,014,000 after purchasing an additional 5,038 shares during the period. Finally, ING Groep NV bought a new stake in Hain Celestial Group in the 4th quarter valued at about $2,943,000. 90.22% of the stock is owned by hedge funds and other institutional investors.
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About Hain Celestial Group
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.
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