SunTrust Banks, Inc. restated their hold rating on shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in a research report report published on Friday. The brokerage currently has a $35.00 target price 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.
Several other research analysts have also recently commented on HAIN. Maxim Group upgraded shares of The Hain Celestial Group from a hold rating to a buy rating and set a $50.00 price target for the company in a report on Thursday, July 13th. Susquehanna Bancshares Inc set a $46.00 price target on shares of The Hain Celestial Group and gave the stock a buy rating in a report on Tuesday, July 18th. Loop Capital assumed coverage on shares of The Hain Celestial Group in a report on Monday, July 31st. They issued a hold rating and a $46.00 target price for the company. BidaskClub upgraded shares of The Hain Celestial Group from a hold rating to a buy rating in a report on Wednesday, August 2nd. Finally, UBS AG cut shares of The Hain Celestial Group from a positive rating to a neutral rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. The Hain Celestial Group presently has a consensus rating of Hold and an average price target of $41.29.
Shares of The Hain Celestial Group (HAIN) opened at $35.42 on Friday. 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 52 week low of $31.01 and a 52 week high of $45.61. The firm has a market cap of $3,703.29, a P/E ratio of 27.24, a P/E/G ratio of 1.64 and a beta of 1.21.
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 consensus estimate of $0.24 by ($0.01). The Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The firm had revenue of $708.30 million for the quarter, compared to analyst estimates of $697.39 million. During the same quarter last year, the firm earned $0.14 EPS. The company’s revenue was up 3.9% on a year-over-year basis. analysts predict that The Hain Celestial Group will post 1.67 earnings per share for the current year.
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In other The Hain Celestial Group news, Director Richard Dean Hollis acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average cost of $35.27 per share, with a total value of $352,700.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $352,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James M. Langrock acquired 5,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $34.40 per share, for a total transaction of $172,000.00. Following the completion of the purchase, the chief financial officer now owns 59,233 shares in the company, valued at approximately $2,037,615.20. The disclosure for this purchase can be found here. Insiders bought a total of 68,500 shares of company stock valued at $2,352,730 in the last quarter. Insiders own 12.34% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of HAIN. Strs Ohio acquired a new stake in The Hain Celestial Group in the 3rd quarter valued at about $32,144,000. Black Creek Investment Management Inc. acquired a new stake in shares of The Hain Celestial Group during the 2nd quarter worth about $30,283,000. Eagle Asset Management Inc. acquired a new stake in shares of The Hain Celestial Group during the 3rd quarter worth about $32,091,000. State of New Jersey Common Pension Fund D boosted its stake in shares of The Hain Celestial Group by 33.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,000,000 shares of the company’s stock worth $77,640,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new stake in shares of The Hain Celestial Group during the 2nd quarter worth about $13,584,000. 89.04% of the stock is currently owned by hedge funds and other institutional investors.
About The Hain Celestial Group
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.
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