Hain Celestial Group (HAIN) Price Target Cut to $19.00 by Analysts at Piper Jaffray Companies
Hain Celestial Group (NASDAQ:HAIN) had its price target cut by Piper Jaffray Companies to $19.00 in a report issued on Friday, The Fly reports. They currently have a neutral rating on the stock. Piper Jaffray Companies also issued estimates for Hain Celestial Group’s Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.33 EPS, FY2019 earnings at $1.00 EPS, Q2 2020 earnings at $0.31 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.37 EPS, FY2020 earnings at $1.31 EPS, Q1 2021 earnings at $0.33 EPS, Q2 2021 earnings at $0.34 EPS and FY2021 earnings at $1.43 EPS.
Other analysts have also issued research reports about the company. BidaskClub lowered Hain Celestial Group from a buy rating to a hold rating in a report on Friday, September 21st. ValuEngine lowered Hain Celestial Group from a sell rating to a strong sell rating in a report on Tuesday, September 18th. UBS Group set a $21.00 price objective on Hain Celestial Group and gave the company a sell rating in a report on Friday, November 9th. Loop Capital cut their target price on Hain Celestial Group to $18.00 and set a positive rating on the stock in a research report on Wednesday, December 19th. Finally, Zacks Investment Research lowered Hain Celestial Group from a hold rating to a sell rating in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Hain Celestial Group has an average rating of Hold and a consensus target price of $30.33.
Shares of Hain Celestial Group stock traded down $0.11 during trading on Friday, hitting $17.81. The stock had a trading volume of 1,075,883 shares, compared to its average volume of 1,915,473. The company has a quick ratio of 1.37, a current ratio of 2.32 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. Hain Celestial Group has a fifty-two week low of $15.01 and a fifty-two week high of $40.44.
In related news, insider Mark L. Schiller bought 45,800 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were bought at an average cost of $22.88 per share, with a total value of $1,047,904.00. Following the completion of the transaction, the insider now directly owns 124,355 shares of the company’s stock, valued at $2,845,242.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.50% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of HAIN. Fiduciary Management Inc. WI acquired a new position in Hain Celestial Group during the third quarter valued at $44,574,000. Darrell & King LLC raised its position in Hain Celestial Group by 1,472.6% during the third quarter. Darrell & King LLC now owns 1,226,916 shares of the company’s stock valued at $33,274,000 after buying an additional 1,148,899 shares during the period. Thrivent Financial for Lutherans raised its position in Hain Celestial Group by 32.5% during the third quarter. Thrivent Financial for Lutherans now owns 3,190,487 shares of the company’s stock valued at $86,526,000 after buying an additional 782,148 shares during the period. Janus Henderson Group PLC raised its position 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 buying an additional 720,102 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Hain Celestial Group by 46.3% during 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 during the period. 93.47% of the stock is currently owned by hedge funds and other institutional investors.
About Hain Celestial Group
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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