Hain Celestial Group (HAIN) Hits New 52-Week High and Low at $25.67

Hain Celestial Group (NASDAQ:HAIN) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $25.67 and last traded at $26.09, with a volume of 40483 shares. The stock had previously closed at $25.97.

HAIN has been the topic of several recent research reports. UBS set a $28.00 target price on shares of Hain Celestial Group and gave the stock a “sell” rating in a research note on Tuesday, May 1st. BidaskClub raised shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Jefferies Group reaffirmed a “buy” rating and set a $40.00 target price on shares of Hain Celestial Group in a research note on Tuesday, April 3rd. ValuEngine cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, BMO Capital Markets lowered their target price 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. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $36.67.

The company has a current ratio of 2.79, a quick ratio of 1.83 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.82 and a beta of 1.13.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, May 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). The firm had revenue of $632.72 million for the quarter, compared to analyst estimates of $746.48 million. Hain Celestial Group had a net margin of 2.81% and a return on equity of 8.32%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. research analysts anticipate that Hain Celestial Group will post 1.15 earnings per share for the current year.

In related news, Director Glenn W. Welling acquired 1,407,543 shares of Hain Celestial Group stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $34.83 per share, for a total transaction of $49,024,722.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 12.34% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of HAIN. Thrivent Financial For Lutherans raised its holdings in Hain Celestial Group by 443.9% in the 4th quarter. Thrivent Financial For Lutherans now owns 1,537,905 shares of the company’s stock valued at $65,192,000 after buying an additional 1,255,130 shares during the period. Neuberger Berman Group LLC increased its stake in Hain Celestial Group by 29.3% during the first quarter. Neuberger Berman Group LLC now owns 5,198,070 shares of the company’s stock worth $166,702,000 after purchasing an additional 1,177,335 shares during the period. Summit Trail Advisors LLC increased its stake in Hain Celestial Group by 2,341.5% during the first quarter. Summit Trail Advisors LLC now owns 616,341 shares of the company’s stock worth $616,000 after purchasing an additional 591,097 shares during the period. Carillon Tower Advisers Inc. purchased a new stake in Hain Celestial Group during the fourth quarter worth about $24,761,000. Finally, P Schoenfeld Asset Management LP purchased a new stake in Hain Celestial Group during the first quarter worth about $18,120,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

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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