BMO Capital Markets Cuts Hain Celestial Group (HAIN) Price Target to $39.00

Hain Celestial Group (NASDAQ:HAIN) had its price objective lowered by analysts at BMO Capital Markets from $44.00 to $39.00 in a research report issued to clients and investors on Thursday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 13.44% from the company’s previous close.

Several other research firms have also recently issued reports on HAIN. Zacks Investment Research cut Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Jefferies Group reiterated a “buy” rating and issued a $52.00 price target on shares of Hain Celestial Group in a report on Wednesday. BidaskClub cut Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Loop Capital reissued a “hold” rating and issued a $38.00 target price on shares of Hain Celestial Group in a research note on Friday, December 22nd. Finally, TheStreet lowered Hain Celestial Group from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $40.90.

Hain Celestial Group (NASDAQ:HAIN) traded down $0.31 during trading on Thursday, reaching $34.38. The company had a trading volume of 676,068 shares, compared to its average volume of 1,046,149. The company has a market capitalization of $3,590.00, a PE ratio of 36.63, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09. 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 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 posted 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 firm had revenue of $775.20 million during the quarter, compared to the consensus estimate of $774.50 million. Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. Hain Celestial Group’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. research analysts predict that Hain Celestial Group will post 1.65 earnings per share for the current fiscal year.

In other news, Director Richard Dean Hollis bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $35.27 per share, with a total value of $352,700.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $352,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.34% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Calton & Associates Inc. acquired a new stake in Hain Celestial Group in the 4th quarter valued at approximately $110,000. Saratoga Research & Investment Management bought a new position in Hain Celestial Group in the third quarter valued at approximately $124,000. Stuart Chaussee & Associates Inc. bought a new position in Hain Celestial Group in the fourth quarter valued at approximately $127,000. KBC Group NV grew its stake in Hain Celestial Group by 106.9% in the fourth quarter. KBC Group NV now owns 3,752 shares of the company’s stock valued at $159,000 after purchasing an additional 1,939 shares in the last quarter. Finally, First National Trust Co. bought a new position in Hain Celestial Group in the third quarter valued at approximately $201,000. 90.22% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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