News coverage about Hain Celestial Group (NASDAQ:HAIN) has been trending positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Hain Celestial Group earned a media sentiment score of 0.42 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.5026322137793 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Global Gardens Group – Veggemo Best Explanatory Video Award (markets.businessinsider.com)
- Zacks Investment Research Lowers Hain Celestial Group (HAIN) to Sell (americanbankingnews.com)
- SunTrust Banks Comments on Hain Celestial Group Inc’s FY2018 Earnings (HAIN) (americanbankingnews.com)
- Dairy Alternatives Market Share, Growth, Trends, And Forecasts (2016–2021) (emailwire.com)
- Textbook Application Of ‘Obstacle’ Preemption Negates Activists’ Organic Food-Labeling Suit (forbes.com)
Several equities analysts recently commented on HAIN shares. Wells Fargo & Co reissued a “market perform” rating and set a $42.00 price target on shares of Hain Celestial Group in a research report on Saturday, September 30th. Zacks Investment Research lowered Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday. BMO Capital Markets lowered Hain Celestial Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $48.00 to $44.00 in a research report on Thursday, October 19th. Susquehanna Bancshares reissued a “hold” rating and set a $45.00 price target on shares of Hain Celestial Group in a research report on Thursday, September 14th. Finally, Loop Capital reissued a “hold” rating and set a $38.00 price target on shares of Hain Celestial Group in a research report on Friday, December 22nd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Hain Celestial Group presently has an average rating of “Hold” and an average price target of $41.31.
Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The business had revenue of $708.30 million for the quarter, compared to analysts’ expectations of $697.39 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Hain Celestial Group’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities research analysts anticipate that Hain Celestial Group will post 1.66 EPS for the current fiscal year.
In other news, Director Richard Dean Hollis purchased 10,000 shares of the stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $35.27 per share, for a total transaction of $352,700.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $352,700. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Irwin D. Simon purchased 50,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $34.14 per share, with a total value of $1,707,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,695,014 shares in the company, valued at approximately $57,867,777.96. The disclosure for this purchase can be found here. Insiders bought a total of 68,500 shares of company stock valued at $2,352,730 over the last quarter. Company insiders own 12.34% of the company’s stock.
Hain Celestial Group Company Profile
The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.
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