Hain Celestial Group (HAIN) Given a $24.00 Price Target by Buckingham Research Analysts

Buckingham Research set a $24.00 price objective on Hain Celestial Group (NASDAQ:HAIN) in a research note issued to investors on Friday. The firm currently has a hold rating on the stock.

Several other analysts have also issued reports on the stock. Jefferies Financial Group restated a buy rating and issued a $45.00 price target (up from $40.00) on shares of Hain Celestial Group in a research report on Monday, September 24th. Piper Jaffray Companies initiated coverage on shares of Hain Celestial Group in a research report on Friday, October 12th. They issued a hold rating and a $26.00 price target on the stock. Zacks Investment Research lowered shares of Hain Celestial Group from a hold rating to a sell rating in a research report on Tuesday, July 24th. Maxim Group restated a buy rating and issued a $40.00 price target on shares of Hain Celestial Group in a research report on Tuesday, August 28th. Finally, ValuEngine upgraded shares of Hain Celestial Group from a strong sell rating to a sell rating in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Hain Celestial Group has an average rating of Hold and an average target price of $31.73.

NASDAQ:HAIN traded down $0.27 during midday trading on Friday, reaching $22.24. The stock had a trading volume of 5,448,758 shares, compared to its average volume of 1,155,649. Hain Celestial Group has a 1-year low of $21.81 and a 1-year high of $44.37. The company has a current ratio of 2.49, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.84 billion, a PE ratio of 19.17, a PEG ratio of 2.83 and a beta of 1.09.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $560.88 million during the quarter, compared to analyst estimates of $588.12 million. Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. As a group, analysts anticipate that Hain Celestial Group will post 1.23 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in HAIN. BlackRock Inc. lifted its holdings in Hain Celestial Group by 1.0% during the 2nd quarter. BlackRock Inc. now owns 8,777,416 shares of the company’s stock valued at $261,568,000 after purchasing an additional 89,119 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Hain Celestial Group by 9.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,950,000 shares of the company’s stock valued at $80,004,000 after purchasing an additional 250,000 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Hain Celestial Group by 14.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,975,057 shares of the company’s stock valued at $53,564,000 after purchasing an additional 251,624 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Hain Celestial Group by 9.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,050,836 shares of the company’s stock valued at $31,314,000 after purchasing an additional 93,717 shares during the last quarter. Finally, PGGM Investments lifted its holdings in Hain Celestial Group by 37.4% during the 3rd quarter. PGGM Investments now owns 1,046,297 shares of the company’s stock valued at $28,376,000 after purchasing an additional 285,000 shares during the last quarter. 92.96% of the stock is owned by institutional investors.

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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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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