Hain Celestial Group (NASDAQ:HAIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Hain Celestial shares have underperformed the industry in the past three months. Stiff competition from companies expanding their presence in the natural & organic food business and foreign currency headwind remain deterrents. However, with an extensive portfolio of well-known brands, it offers investors one of the strongest growth profiles in the industry. Acquisitions have been a key part of the company’s strategy to build market share. A healthy balance sheet enables it to target strategic buyout opportunities. In November, the company reported first-quarter fiscal 2018 results wherein the top line beat estimate but the bottom line came in line with the estimate. The company expects to sustain the momentum into fiscal 2018 with net sales projected to increase in the band of 4-6%. Moreover, Hain Celestial being one of the largest suppliers to Whole Foods is viewing its acquisition by Amazon as a lucrative opportunity.”
A number of other analysts also recently issued reports on the company. BidaskClub downgraded Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Loop Capital set a $38.00 target price on Hain Celestial Group and gave the company a “hold” rating in a research report on Thursday, December 28th. Maxim Group reaffirmed a “sell” rating on shares of Hain Celestial Group in a research report on Tuesday, December 19th. Jefferies Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Hain Celestial Group in a research report on Friday, November 17th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $35.00 target price on shares of Hain Celestial Group in a research report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $41.31.
Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $708.30 million during the quarter, compared to analyst estimates of $697.39 million. Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. Hain Celestial Group’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. research analysts anticipate that Hain Celestial Group will post 1.68 EPS for the current year.
In other news, SVP Michael B. Mcguinness acquired 3,500 shares of Hain Celestial Group stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $34.58 per share, for a total transaction of $121,030.00. Following the completion of the acquisition, the senior vice president now directly owns 55,131 shares in the company, valued at approximately $1,906,429.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Dean Hollis acquired 10,000 shares of Hain Celestial Group stock in a transaction dated Friday, November 10th. The shares were purchased at an average price of $35.27 per share, with a total value of $352,700.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $352,700. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 68,500 shares of company stock valued at $2,352,730. Corporate insiders own 12.34% of the company’s stock.
Large investors have recently modified their holdings of the company. Saratoga Research & Investment Management bought a new stake in shares of Hain Celestial Group during the third quarter worth approximately $124,000. First National Trust Co. bought a new stake in shares of Hain Celestial Group in the third quarter valued at approximately $201,000. Oakbrook Investments LLC bought a new stake in shares of Hain Celestial Group in the third quarter valued at approximately $202,000. Miles Capital Inc. bought a new stake in shares of Hain Celestial Group in the second quarter valued at approximately $201,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Hain Celestial Group in the third quarter valued at approximately $228,000. Institutional investors own 89.99% of the company’s stock.
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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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