The Hain Celestial Group (NASDAQ:HAIN) Research Coverage Started at Cowen

Cowen began coverage on shares of The Hain Celestial Group (NASDAQ:HAINGet Rating) in a report released on Monday morning, The Fly reports. The firm issued an outperform rating and a $34.00 price objective on the stock.

HAIN has been the subject of a number of other reports. Jefferies Financial Group began coverage on The Hain Celestial Group in a report on Friday, March 18th. They set a hold rating and a $41.00 price objective for the company. Cfra decreased their price target on shares of The Hain Celestial Group from $55.00 to $53.00 and set a buy rating for the company in a research report on Friday, February 4th. Mizuho decreased their price target on shares of The Hain Celestial Group from $44.00 to $31.00 in a research report on Monday, May 9th. StockNews.com began coverage on shares of The Hain Celestial Group in a research report on Thursday, March 31st. They set a hold rating for the company. Finally, Consumer Edge raised shares of The Hain Celestial Group from an equal weight rating to an overweight rating in a research report on Tuesday, February 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $42.67.

HAIN stock opened at $25.70 on Monday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 21.42 and a beta of 0.70. The company has a quick ratio of 0.94, a current ratio of 1.98 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $31.67 and a 200-day simple moving average of $36.30. The Hain Celestial Group has a 52 week low of $24.11 and a 52 week high of $48.88.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.13). The firm had revenue of $502.94 million for the quarter, compared to analyst estimates of $524.57 million. The Hain Celestial Group had a return on equity of 9.66% and a net margin of 6.12%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. As a group, analysts expect that The Hain Celestial Group will post 1.35 earnings per share for the current fiscal year.

In related news, Director Glenn W. Welling sold 350,000 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $36.03, for a total transaction of $12,610,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn W. Welling sold 209,238 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $26.80, for a total value of $5,607,578.40. Following the transaction, the director now owns 73,529 shares in the company, valued at $1,970,577.20. The disclosure for this sale can be found here. Insiders sold 570,071 shares of company stock valued at $18,597,017 over the last quarter. Insiders own 16.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in HAIN. Ancora Advisors LLC bought a new position in The Hain Celestial Group during the third quarter worth $28,000. National Bank of Canada FI bought a new position in The Hain Celestial Group during the fourth quarter worth $28,000. CWM LLC bought a new stake in The Hain Celestial Group in the fourth quarter valued at $28,000. Trust Co. of Vermont bought a new stake in The Hain Celestial Group in the fourth quarter valued at $31,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in The Hain Celestial Group in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 94.98% of the company’s stock.

The Hain Celestial Group Company Profile (Get Rating)

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, and internationally. It operates through two segments, North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; and condiments.

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