Brokerages Set Hain Celestial Group Inc (HAIN) Target Price at $32.85
Hain Celestial Group Inc (NASDAQ:HAIN) has earned an average rating of “Hold” from the twenty ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $32.36.
A number of research firms have issued reports on HAIN. Jefferies Financial Group set a $40.00 price target on Hain Celestial Group and gave the company a “buy” rating in a research report on Wednesday, August 29th. Piper Jaffray Companies began coverage on Hain Celestial Group in a research report on Friday. They issued a “hold” rating and a $26.00 price target on the stock. BidaskClub raised Hain Celestial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Wells Fargo & Co increased their price target on Hain Celestial Group from $27.00 to $28.00 and gave the company a “market perform” rating in a research report on Thursday, August 30th. Finally, ValuEngine lowered Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Capital Management LLC raised its position in shares of Hain Celestial Group by 2.8% during the 3rd quarter. Advisors Capital Management LLC now owns 76,560 shares of the company’s stock worth $2,076,000 after acquiring an additional 2,094 shares in the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of Hain Celestial Group during the 3rd quarter worth about $242,000. Fondren Management LP acquired a new stake in shares of Hain Celestial Group during the 2nd quarter worth about $373,000. Wallace Capital Management Inc. raised its position in shares of Hain Celestial Group by 44.3% during the 2nd quarter. Wallace Capital Management Inc. now owns 377,029 shares of the company’s stock worth $11,235,000 after acquiring an additional 115,735 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Hain Celestial Group by 46.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock worth $51,358,000 after acquiring an additional 545,113 shares in the last quarter. 92.47% of the stock is currently owned by institutional investors and hedge funds.
Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Tuesday, August 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $619.60 million for the quarter, compared to analyst estimates of $629.25 million. Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. Hain Celestial Group’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. On average, research analysts forecast that Hain Celestial Group will post 1.24 earnings per share for the current year.
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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