Hain Celestial Group (HAIN) Rating Reiterated by Jefferies Financial Group

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Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a report issued on Monday. They currently have a $40.00 price objective on the stock. Jefferies Financial Group’s target price points to a potential upside of 38.12% from the stock’s current price.

The analysts wrote, “We believe this morning’s CEO succession announcement positions HAIN for its next phase.””

Several other research analysts have also weighed in on HAIN. BidaskClub lowered shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Friday, March 23rd. Zacks Investment Research lowered shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Friday, April 27th. UBS Group set a $28.00 price objective on shares of Hain Celestial Group and gave the stock a “sell” rating in a report on Tuesday, May 1st. ValuEngine lowered shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, Susquehanna Bancshares set a $32.00 price objective on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Monday, May 7th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $35.92.

HAIN opened at $28.96 on Monday. The firm has a market cap of $3.22 billion, a P/E ratio of 23.74, a PEG ratio of 3.22 and a beta of 1.09. Hain Celestial Group has a twelve month low of $25.41 and a twelve month high of $45.61. The company has a quick ratio of 1.83, a current ratio of 2.79 and a debt-to-equity ratio of 0.39.

Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Tuesday, May 8th. The company reported $0.37 earnings per share for the quarter, missing the Zacks’ 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%. Hain Celestial Group’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. equities analysts forecast that Hain Celestial Group will post 1.16 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of HAIN. Thrivent Financial For Lutherans boosted its holdings in shares of 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 boosted its holdings in shares of Hain Celestial Group by 29.3% in the 1st quarter. Neuberger Berman Group LLC now owns 5,198,070 shares of the company’s stock valued at $166,702,000 after buying an additional 1,177,335 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of Hain Celestial Group by 2,341.5% in the 1st quarter. Summit Trail Advisors LLC now owns 616,341 shares of the company’s stock valued at $616,000 after buying an additional 591,097 shares during the period. Carillon Tower Advisers Inc. acquired a new position in shares of Hain Celestial Group in the 4th quarter valued at about $24,761,000. Finally, P Schoenfeld Asset Management LP acquired a new position in shares of Hain Celestial Group in the 1st quarter valued at about $18,120,000. 89.21% of the stock is owned by institutional investors and hedge funds.

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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