Hain Celestial Group (HAIN) Price Target Cut to $39.00 by Analysts at BMO Capital Markets

Hain Celestial Group (NASDAQ:HAIN) had its target price decreased by equities research analysts at BMO Capital Markets from $44.00 to $39.00 in a note issued to investors on Thursday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 12.20% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Jefferies Group restated a “buy” rating and set a $52.00 price target on shares of Hain Celestial Group in a research note on Wednesday. Loop Capital restated a “hold” rating and set a $38.00 price target on shares of Hain Celestial Group in a research note on Friday, December 22nd. Zacks Investment Research cut Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Susquehanna Bancshares set a $43.00 price target on Hain Celestial Group and gave the stock a “hold” rating in a research note on Monday. Finally, BidaskClub upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.90.

Hain Celestial Group (HAIN) traded up $0.07 during mid-day trading on Thursday, hitting $34.76. The stock had a trading volume of 293,314 shares, compared to its average volume of 1,041,861. Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $45.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.50 and a quick ratio of 1.22. The firm has a market capitalization of $3,773.87, a P/E ratio of 46.35, a P/E/G ratio of 1.58 and a beta of 1.09.

Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The company had revenue of $775.20 million for the quarter, compared to analysts’ expectations of $774.50 million. During the same quarter last year, the company earned $0.32 EPS. Hain Celestial Group’s revenue for the quarter was up 4.8% compared to the same quarter last year. equities research analysts expect that Hain Celestial Group will post 1.65 EPS for the current fiscal year.

In other Hain Celestial Group news, Director Richard Dean Hollis acquired 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was 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 owns 10,000 shares of the company’s stock, valued at approximately $352,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.34% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. New Mexico Educational Retirement Board purchased a new position in shares of Hain Celestial Group in the fourth quarter valued at $1,089,000. Wealthstreet Investment Advisors LLC purchased a new position in shares of Hain Celestial Group in the fourth quarter valued at $3,404,000. Oppenheimer & Co. Inc. purchased a new position in shares of Hain Celestial Group in the fourth quarter valued at $201,000. KBC Group NV increased its position in shares of Hain Celestial Group by 106.9% in the fourth quarter. KBC Group NV now owns 3,752 shares of the company’s stock valued at $159,000 after buying an additional 1,939 shares in the last quarter. Finally, Goelzer Investment Management Inc. increased its position in shares of Hain Celestial Group by 3.7% in the fourth quarter. Goelzer Investment Management Inc. now owns 113,285 shares of the company’s stock valued at $4,802,000 after buying an additional 4,076 shares in the last quarter. Institutional investors and hedge funds own 90.22% of the company’s stock.

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About 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.

Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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