The Hain Celestial Group (HAIN) Earns “Hold” Rating from SunTrust Banks

SunTrust Banks reiterated their hold rating on shares of The Hain Celestial Group (NASDAQ:HAIN) in a report published on Friday, November 10th. They currently have a $35.00 price target on the stock. SunTrust Banks also issued estimates for The Hain Celestial Group’s Q3 2018 earnings at $0.44 EPS, FY2018 earnings at $1.60 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.57 EPS and FY2019 earnings at $1.74 EPS.

HAIN has been the topic of a number of other research reports. Sanford C. Bernstein began coverage on shares of The Hain Celestial Group in a report on Friday, October 6th. They set a market perform rating and a $45.00 price target on the stock. TheStreet lowered shares of The Hain Celestial Group from a b- rating to a c rating in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of The Hain Celestial Group from a buy rating to a hold rating in a report on Thursday, November 9th. Royal Bank Of Canada reaffirmed a hold rating on shares of The Hain Celestial Group in a report on Thursday, November 9th. Finally, UBS reissued a sell rating and issued a $33.00 target price (up from $31.00) on shares of The Hain Celestial Group in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $41.31.

Shares of The Hain Celestial Group (HAIN) traded down $0.15 on Friday, hitting $41.58. 1,245,100 shares of the stock were exchanged, compared to its average volume of 1,757,015. The company has a market cap of $4,360.00, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 1.74 and a beta of 1.21. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. The Hain Celestial Group has a 1 year low of $31.01 and a 1 year high of $45.61.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The firm had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. equities research analysts forecast that The Hain Celestial Group will post 1.67 EPS for the current year.

In other news, Director Richard Dean Hollis bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $35.27 per share, for a total transaction of $352,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $352,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Irwin D. Simon bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $34.14 per share, for a total transaction of $1,707,000.00. Following the transaction, the chief executive officer now owns 1,695,014 shares of the company’s stock, valued at $57,867,777.96. The disclosure for this purchase can be found here. Insiders have bought 68,500 shares of company stock worth $2,352,730 in the last 90 days. Insiders own 12.34% of the company’s stock.

Large investors have recently made changes to their positions in the business. Saratoga Research & Investment Management acquired a new position in The Hain Celestial Group in the third quarter valued at approximately $124,000. Tudor Investment Corp ET AL acquired a new position in shares of The Hain Celestial Group during the 1st quarter worth approximately $201,000. Miles Capital Inc. acquired a new position in shares of The Hain Celestial Group during the 2nd quarter worth approximately $201,000. First National Trust Co. acquired a new position in shares of The Hain Celestial Group during the 3rd quarter worth approximately $201,000. Finally, Oakbrook Investments LLC acquired a new position in shares of The Hain Celestial Group during the 3rd quarter worth approximately $202,000. 90.26% of the stock is owned by institutional investors.

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The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

Analyst Recommendations for The Hain Celestial Group (NASDAQ:HAIN)

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