Buckingham Research Analysts Give Hain Celestial Group (HAIN) a $24.00 Price Target

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Buckingham Research set a $24.00 price target on Hain Celestial Group (NASDAQ:HAIN) in a research report sent to investors on Friday morning. The brokerage currently has a hold rating on the stock.

A number of other equities analysts also recently weighed in on HAIN. Zacks Investment Research downgraded shares of Hain Celestial Group from a hold rating to a sell rating in a research note on Tuesday, July 24th. Loop Capital set a $30.00 target price on shares of Hain Celestial Group and gave the stock a hold rating in a research note on Wednesday, August 22nd. Maxim Group reiterated a buy rating and set a $40.00 price target on shares of Hain Celestial Group in a research report on Tuesday, August 28th. Jefferies Financial Group set a $40.00 price target on shares of Hain Celestial Group and gave the stock a buy rating in a research report on Wednesday, August 29th. Finally, BMO Capital Markets lowered their price target on shares of Hain Celestial Group from $31.00 to $29.00 and set a market perform rating for the company in a research report on Wednesday, August 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Hain Celestial Group presently has a consensus rating of Hold and a consensus price target of $31.73.

Shares of NASDAQ HAIN traded down $0.27 during trading on Friday, reaching $22.24. The company had a trading volume of 5,448,758 shares, compared to its average volume of 1,155,649. Hain Celestial Group has a 52 week low of $21.81 and a 52 week high of $44.37. The company has a market cap of $2.84 billion, a PE ratio of 19.17, a P/E/G ratio of 2.83 and a beta of 1.09. The company has a current ratio of 2.49, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40.

Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, November 8th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The company had revenue of $560.88 million during the quarter, compared to the consensus estimate of $588.12 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts forecast that Hain Celestial Group will post 1.23 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of HAIN. Janus Henderson Group PLC grew its holdings in Hain Celestial Group by 3,862.2% during the third quarter. Janus Henderson Group PLC now owns 738,747 shares of the company’s stock valued at $20,035,000 after purchasing an additional 720,102 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in Hain Celestial Group by 28.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock valued at $80,460,000 after buying an additional 600,000 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Hain Celestial Group by 46.3% in the second quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock valued at $51,358,000 after buying an additional 545,113 shares in the last quarter. Proxima Capital Management LLC lifted its stake in Hain Celestial Group by 146.7% in the second quarter. Proxima Capital Management LLC now owns 493,482 shares of the company’s stock valued at $14,706,000 after buying an additional 293,447 shares in the last quarter. Finally, PGGM Investments lifted its stake in Hain Celestial Group by 37.4% in the third quarter. PGGM Investments now owns 1,046,297 shares of the company’s stock valued at $28,376,000 after buying an additional 285,000 shares in the last quarter. Hedge funds and other institutional investors own 92.96% of the company’s stock.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; 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; yogurts; chilies; chocolates; and nut butters.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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