Hain Celestial Group Inc (HAIN) Given Consensus Rating of “Hold” by Brokerages

Hain Celestial Group Inc (NASDAQ:HAIN) has been assigned an average rating of “Hold” from the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $28.64.

Several research analysts have issued reports on the stock. UBS Group set a $21.00 price objective on shares of Hain Celestial Group and gave the stock a “sell” rating in a research report on Friday, November 9th. Royal Bank of Canada reissued a “hold” rating and set a $24.00 price objective on shares of Hain Celestial Group in a research report on Wednesday, November 14th. BidaskClub raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. Loop Capital raised their price objective on shares of Hain Celestial Group to $24.00 and gave the stock a “hold” rating in a research report on Monday, November 12th. Finally, Buckingham Research set a $24.00 price objective on shares of Hain Celestial Group and gave the stock a “hold” rating in a research report on Friday, November 9th.

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NASDAQ:HAIN traded up $0.31 during midday trading on Tuesday, hitting $17.76. 1,397,265 shares of the company were exchanged, compared to its average volume of 2,033,174. Hain Celestial Group has a fifty-two week low of $14.45 and a fifty-two week high of $36.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 1.25. The firm has a market capitalization of $1.85 billion, a P/E ratio of 15.31, a P/E/G ratio of 4.53 and a beta of 1.38.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, February 7th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.12). Hain Celestial Group had a positive return on equity of 5.28% and a negative net margin of 6.72%. The company had revenue of $584.16 million for the quarter, compared to analyst estimates of $611.18 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. Hain Celestial Group’s revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Hain Celestial Group will post 0.65 EPS for the current year.

Several large investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Hain Celestial Group in the fourth quarter valued at about $44,000. Premier Asset Management LLC purchased a new stake in shares of Hain Celestial Group in the fourth quarter valued at about $299,000. Legal & General Group Plc boosted its holdings in shares of Hain Celestial Group by 2.8% in the fourth quarter. Legal & General Group Plc now owns 134,598 shares of the company’s stock valued at $2,135,000 after acquiring an additional 3,637 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Hain Celestial Group by 14.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,645,824 shares of the company’s stock worth $57,823,000 after buying an additional 455,337 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in Hain Celestial Group by 421.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 633,726 shares of the company’s stock worth $10,051,000 after buying an additional 512,278 shares in the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Hain Celestial Group Company Profile

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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