Piper Jaffray Companies Cuts Hain Celestial Group (HAIN) Price Target to $19.00

Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by equities researchers at Piper Jaffray Companies to $19.00 in a note issued to investors on Friday, The Fly reports. The firm presently has a “neutral” rating on the stock. Piper Jaffray Companies’ price objective indicates a potential upside of 6.68% from the stock’s previous close. Piper Jaffray Companies also issued estimates for Hain Celestial Group’s Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.33 EPS, FY2019 earnings at $1.00 EPS, Q2 2020 earnings at $0.31 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.37 EPS, FY2020 earnings at $1.31 EPS, Q1 2021 earnings at $0.33 EPS, Q2 2021 earnings at $0.34 EPS and FY2021 earnings at $1.43 EPS.

HAIN has been the topic of a number of other reports. ValuEngine lowered Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 18th. Wells Fargo & Co set a $42.00 price target on Hain Celestial Group and gave the stock a “hold” rating in a report on Thursday, December 20th. Buckingham Research set a $24.00 price target on Hain Celestial Group and gave the stock a “hold” rating in a report on Friday, November 9th. BidaskClub upgraded Hain Celestial Group from a “strong sell” rating to a “sell” rating in a report on Friday, January 4th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $25.00 price target on shares of Hain Celestial Group in a report on Tuesday, November 13th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $30.33.

Shares of HAIN stock traded down $0.11 during trading hours on Friday, reaching $17.81. The company had a trading volume of 1,075,883 shares, compared to its average volume of 1,915,473. Hain Celestial Group has a 12 month low of $15.01 and a 12 month high of $40.44. The company has a quick ratio of 1.37, a current ratio of 2.32 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.86 billion, a PE ratio of 15.35, a P/E/G ratio of 2.62 and a beta of 1.24.

Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 8th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). The company had revenue of $560.88 million during the quarter, compared to the consensus estimate of $588.12 million. Hain Celestial Group had a negative net margin of 1.84% and a positive return on equity of 6.67%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. On average, equities research analysts anticipate that Hain Celestial Group will post 1.14 earnings per share for the current fiscal year.

In other news, insider Mark L. Schiller bought 45,800 shares of the stock in a transaction on Monday, November 12th. The shares were purchased at an average cost of $22.88 per share, for a total transaction of $1,047,904.00. Following the completion of the purchase, the insider now directly owns 124,355 shares in the company, valued at approximately $2,845,242.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.50% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of Hain Celestial Group in the fourth quarter valued at $26,000. Global X Management Co LLC grew its position in Hain Celestial Group by 113.7% during the second quarter. Global X Management Co LLC now owns 4,937 shares of the company’s stock worth $147,000 after buying an additional 2,627 shares in the last quarter. Truvestments Capital LLC purchased a new position in Hain Celestial Group during the third quarter worth about $151,000. Flagship Harbor Advisors LLC purchased a new position in Hain Celestial Group during the second quarter worth about $194,000. Finally, HPM Partners LLC purchased a new position in Hain Celestial Group during the second quarter worth about $241,000. Institutional investors own 93.47% 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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