Hain Celestial Group (HAIN) Sets New 52-Week High and Low at $29.36

Hain Celestial Group (NASDAQ:HAIN)’s share price hit a new 52-week high and low during mid-day trading on Monday . The company traded as low as $29.36 and last traded at $29.40, with a volume of 519333 shares changing hands. The stock had previously closed at $29.69.

A number of brokerages have issued reports on HAIN. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Hain Celestial Group in a research note on Tuesday, April 3rd. BidaskClub cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research note on Friday, March 23rd. Barclays reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Hain Celestial Group in a research note on Friday, February 9th. Zacks Investment Research raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Finally, BMO Capital Markets reduced their price objective on shares of Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, February 8th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $40.36.

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The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 2.44. The firm has a market capitalization of $3,085.32, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.23 and a beta of 1.13.

Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Wednesday, February 7th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $775.20 million during the quarter, compared to analyst estimates of $774.50 million. Hain Celestial Group had a return on equity of 8.35% and a net margin of 3.38%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. equities research analysts expect that Hain Celestial Group will post 1.66 EPS for the current fiscal year.

In related news, Director Glenn W. Welling acquired 1,407,543 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $34.83 per share, for a total transaction of $49,024,722.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.34% of the company’s stock.

Several large investors have recently modified their holdings of HAIN. Credit Agricole S A acquired a new stake in shares of Hain Celestial Group during the fourth quarter worth $101,000. Calton & Associates Inc. acquired a new stake in shares of Hain Celestial Group during the fourth quarter worth $110,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Hain Celestial Group during the fourth quarter worth $127,000. Westside Investment Management Inc. raised its holdings in shares of Hain Celestial Group by 1,500.0% during the fourth quarter. Westside Investment Management Inc. now owns 3,200 shares of the company’s stock worth $131,000 after acquiring an additional 3,000 shares during the period. Finally, KBC Group NV raised its holdings in shares of Hain Celestial Group by 106.9% during the fourth quarter. KBC Group NV now owns 3,752 shares of the company’s stock worth $159,000 after acquiring an additional 1,939 shares during the period. Institutional investors and hedge funds own 91.26% of the company’s stock.

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About Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; 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; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.

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