Buckingham Research Lowers Hain Celestial Group (HAIN) Price Target to $27.00

Hain Celestial Group (NASDAQ:HAIN) had its price objective reduced by research analysts at Buckingham Research from $37.00 to $27.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “neutral” rating on the stock. Buckingham Research’s target price would indicate a potential downside of 4.22% from the stock’s current price.

A number of other brokerages have also issued reports on HAIN. Zacks Investment Research lowered Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Susquehanna Bancshares reissued a “hold” rating and issued a $43.00 price objective on shares of Hain Celestial Group in a report on Tuesday, January 23rd. BidaskClub lowered Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Jefferies Group reissued a “buy” rating and issued a $52.00 price objective on shares of Hain Celestial Group in a report on Wednesday, February 7th. Finally, BMO Capital Markets lowered their price objective on Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.67.

Shares of Hain Celestial Group opened at $28.19 on Wednesday, according to MarketBeat. The stock has a market capitalization of $3.04 billion, a PE ratio of 23.11, a PEG ratio of 1.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 2.79.

Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.10). Hain Celestial Group had a return on equity of 8.32% and a net margin of 2.81%. The business had revenue of $632.72 million for the quarter, compared to analysts’ expectations of $746.48 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. research analysts predict that Hain Celestial Group will post 1.67 EPS for the current year.

In related news, Director Glenn W. Welling bought 1,407,543 shares of the stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $34.83 per share, with a total value of $49,024,722.69. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.34% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of HAIN. Credit Agricole S A bought a new position in shares of Hain Celestial Group during the fourth quarter valued at approximately $101,000. Calton & Associates Inc. bought a new position in shares of Hain Celestial Group during the fourth quarter valued at approximately $110,000. Stuart Chaussee & Associates Inc. bought a new position in shares of Hain Celestial Group during the fourth quarter valued at approximately $127,000. Westside Investment Management Inc. grew 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 valued at $131,000 after purchasing an additional 3,000 shares during the last quarter. Finally, KBC Group NV grew 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 valued at $159,000 after purchasing an additional 1,939 shares during the last quarter. 91.32% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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