Hain Celestial Group (HAIN) Stock Price Up 5.8%

Shares of Hain Celestial Group Inc (NASDAQ:HAIN) rose 5.8% during trading on Monday . The stock traded as high as $17.05 and last traded at $16.84. Approximately 4,386,665 shares changed hands during trading, an increase of 118% from the average daily volume of 2,014,467 shares. The stock had previously closed at $15.91.

HAIN has been the topic of several research analyst reports. BidaskClub upgraded Hain Celestial Group from a “strong sell” rating to a “sell” rating in a report on Friday, January 4th. Piper Jaffray Companies decreased their target price on Hain Celestial Group to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 11th. Wells Fargo & Co set a $42.00 target price on Hain Celestial Group and gave the stock a “hold” rating in a report on Thursday, December 20th. Maxim Group restated a “buy” rating and set a $36.00 target price on shares of Hain Celestial Group in a report on Monday, December 17th. Finally, ValuEngine cut Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.64.

The company has a quick ratio of 1.25, a current ratio of 2.17 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.88 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 12.24 and a beta of 1.38.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.12). Hain Celestial Group had a negative net margin of 6.72% and a positive return on equity of 5.28%. The firm had revenue of $584.16 million for the quarter, compared to analyst estimates of $611.18 million. During the same period last year, the company earned $0.32 EPS. The company’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that Hain Celestial Group Inc will post 0.65 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Trexquant Investment LP acquired a new position in shares of Hain Celestial Group during the third quarter valued at $2,730,000. Baird Financial Group Inc. acquired a new position in Hain Celestial Group in the third quarter valued at about $4,010,000. Lido Advisors LLC acquired a new position in Hain Celestial Group in the third quarter valued at about $243,000. Shufro Rose & Co. LLC lifted its stake in Hain Celestial Group by 27.0% in the third quarter. Shufro Rose & Co. LLC now owns 17,390 shares of the company’s stock valued at $472,000 after buying an additional 3,700 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Hain Celestial Group in the third quarter valued at about $151,000. 91.91% of the stock is currently owned by institutional investors and hedge funds.

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About Hain Celestial Group (NASDAQ:HAIN)

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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