Analysts’ Weekly Ratings Changes for Hain Celestial Group (HAIN)

A number of research firms have changed their ratings and price targets for Hain Celestial Group (NASDAQ: HAIN):

  • 5/17/2019 – Hain Celestial Group was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating.
  • 5/13/2019 – Hain Celestial Group was given a new $15.00 price target on by analysts at UBS Group AG. They now have a “sell” rating on the stock.
  • 5/10/2019 – Hain Celestial Group was given a new $23.00 price target on by analysts at Buckingham Research. They now have a “hold” rating on the stock.
  • 5/10/2019 – Hain Celestial Group had its price target raised by analysts at SunTrust Banks, Inc. to $20.00. They now have a “hold” rating on the stock.
  • 5/10/2019 – Hain Celestial Group had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $28.00 price target on the stock, up previously from $25.00. They wrote, “Yesterday, pre-Market open, HAIN reported relatively inline revenues and non- GAAP EPS, as well as better gross margins. Guidance was maintained, although management expects FY19 revenue to be at the low end of the $2.32B-$2.35B range. We expect revenue declines in the short term due to the removal of unprofitable SKUs; however, we expect this strategy will lead to greater focus, resulting in long-term gains. We raise the price target to $28, from $25, as we are optimistic that HAIN can become a smaller, faster growing, and more profitable company.””
  • 5/4/2019 – Hain Celestial Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/1/2019 – Hain Celestial Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Hain Celestial have slid and underperformed the industry in the past six months. The bearish run can be attributed to second straight negative sales and earnings surprises in second-quarter fiscal 2019, wherein both the top and bottom lines fell year over year. Following the results, management slashed its fiscal 2019 view. We note that the company witnessed sluggish sales performance across the United States, United Kingdom and Rest of World along with soft margins during the quarter. While management is skeptical about its near-term performance, the company is seeing some sequential improvements and working toward reverting to growth in the United States. Further, the company is on track to simplify its business and allocate its resources toward areas with higher growth potential. Management expects to see improvements in the second half of fiscal 2019 when compared with the first half, on the back of its Project Terra savings plan.”
  • 4/15/2019 – Hain Celestial Group had its price target raised by analysts at Citigroup Inc from $21.00 to $25.50. They now have a “buy” rating on the stock.
  • 4/10/2019 – Hain Celestial Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Hain Celestial have slid and underperformed the industry in the past six months. The bearish run can be attributed to second straight negative sales and earnings surprises in second-quarter fiscal 2019, wherein both the top and bottom lines fell year over year. Following the results, management slashed its fiscal 2019 view. We note that the company witnessed sluggish sales performance across the United States, United Kingdom and Rest of World along with soft margins during the quarter. While management is skeptical about its near-term performance, the company is seeing some sequential improvements and working toward reverting to growth in the United States. Further, the company is on track to simplify its business and allocate its resources toward areas with higher growth potential. Management expects to see improvements in the second half of fiscal 2019 when compared with the first half, on the back of its Project Terra savings plan.”
  • 4/5/2019 – Hain Celestial Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/1/2019 – Hain Celestial Group was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $23.00 price target on the stock, up previously from $20.00.

NASDAQ HAIN traded up $0.47 during trading hours on Tuesday, hitting $23.90. 2,604,801 shares of the company traded hands, compared to its average volume of 1,846,875. Hain Celestial Group Inc has a twelve month low of $14.45 and a twelve month high of $31.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.22 and a current ratio of 2.16. The stock has a market capitalization of $2.46 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 18.23 and a beta of 1.42.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Hain Celestial Group had a positive return on equity of 4.51% and a negative net margin of 10.14%. The firm had revenue of $599.80 million during the quarter, compared to analysts’ expectations of $597.75 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, research analysts forecast that Hain Celestial Group Inc will post 0.66 EPS for the current year.

In other Hain Celestial Group news, Director Glenn W. Welling acquired 1,222,979 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average cost of $20.48 per share, with a total value of $25,046,609.92. Following the completion of the transaction, the director now directly owns 21,577 shares in the company, valued at approximately $441,896.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Engaged Capital Co-Invest Vi-D acquired 2,083,081 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was acquired at an average cost of $23.61 per share, with a total value of $49,181,542.41. Following the completion of the transaction, the insider now owns 21,577 shares of the company’s stock, valued at $509,432.97. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 8,637,226 shares of company stock valued at $187,851,273. Insiders own 13.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Retirement Systems of Alabama increased its stake in shares of Hain Celestial Group by 0.5% during the first quarter. Retirement Systems of Alabama now owns 116,561 shares of the company’s stock worth $2,695,000 after purchasing an additional 528 shares during the period. ETF Managers Group LLC increased its stake in shares of Hain Celestial Group by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 4,062 shares of the company’s stock worth $64,000 after purchasing an additional 552 shares during the period. IndexIQ Advisors LLC increased its stake in shares of Hain Celestial Group by 10.2% during the fourth quarter. IndexIQ Advisors LLC now owns 6,648 shares of the company’s stock worth $105,000 after purchasing an additional 614 shares during the period. American International Group Inc. increased its stake in shares of Hain Celestial Group by 0.4% during the fourth quarter. American International Group Inc. now owns 182,520 shares of the company’s stock worth $2,895,000 after purchasing an additional 684 shares during the period. Finally, Mason Street Advisors LLC increased its stake in shares of Hain Celestial Group by 1.6% during the first quarter. Mason Street Advisors LLC now owns 47,616 shares of the company’s stock worth $1,101,000 after purchasing an additional 739 shares during the period. 95.13% of the stock is owned by institutional investors.

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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