Hain Celestial Group (HAIN) Hits New 1-Year Low at $20.33

Shares of Hain Celestial Group Inc (NASDAQ:HAIN) hit a new 52-week low during trading on Monday . The stock traded as low as $20.33 and last traded at $20.51, with a volume of 36817 shares changing hands. The stock had previously closed at $20.70.

HAIN has been the subject of a number of research analyst reports. Maxim Group decreased their price objective on shares of Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, November 8th. Buckingham Research decreased their price objective on shares of Hain Celestial Group from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, August 29th. Royal Bank of Canada restated a “hold” rating and set a $24.00 price objective on shares of Hain Celestial Group in a report on Wednesday, November 14th. BidaskClub upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of Hain Celestial Group in a report on Monday, September 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Hain Celestial Group presently has an average rating of “Hold” and a consensus target price of $30.40.

The company has a current ratio of 2.32, a quick ratio of 1.37 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.35 and a beta of 1.07.

Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, November 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The business had revenue of $560.88 million for the quarter, compared to the consensus estimate of $588.12 million. Hain Celestial Group had a positive return on equity of 6.67% and a negative net margin of 1.84%. Hain Celestial Group’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. As a group, equities analysts expect that Hain Celestial Group Inc will post 1.17 earnings per share for the current fiscal year.

In other Hain Celestial Group news, insider Mark L. Schiller bought 45,800 shares of the business’s stock in a transaction on Monday, November 12th. The stock was purchased at an average price of $22.88 per share, for a total transaction of $1,047,904.00. Following the completion of the transaction, the insider now directly owns 124,355 shares of the company’s stock, valued at $2,845,242.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 13.50% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Arizona State Retirement System boosted its position in shares of Hain Celestial Group by 2.6% in the second quarter. Arizona State Retirement System now owns 72,153 shares of the company’s stock valued at $2,150,000 after acquiring an additional 1,845 shares during the period. HGK Asset Management Inc. boosted its position in shares of Hain Celestial Group by 19.4% in the second quarter. HGK Asset Management Inc. now owns 11,872 shares of the company’s stock valued at $354,000 after acquiring an additional 1,930 shares during the period. SG Americas Securities LLC boosted its position in shares of Hain Celestial Group by 9.9% in the third quarter. SG Americas Securities LLC now owns 21,733 shares of the company’s stock valued at $589,000 after acquiring an additional 1,957 shares during the period. Supplemental Annuity Collective Trust of NJ boosted its position in shares of Hain Celestial Group by 4.3% in the third quarter. Supplemental Annuity Collective Trust of NJ now owns 48,000 shares of the company’s stock valued at $1,302,000 after acquiring an additional 2,000 shares during the period. Finally, Advisors Capital Management LLC boosted its position in shares of Hain Celestial Group by 2.8% in the third quarter. Advisors Capital Management LLC now owns 76,560 shares of the company’s stock valued at $2,076,000 after acquiring an additional 2,094 shares during the period. Hedge funds and other institutional investors own 93.23% of the company’s stock.

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About Hain Celestial Group (NASDAQ:HAIN)

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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