The Hain Celestial Group’s (HAIN) “Buy” Rating Reiterated at Maxim Group

The Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “buy” rating reaffirmed by equities researchers at Maxim Group in a report issued on Thursday, Benzinga reports. They presently have a $30.00 target price on the stock. Maxim Group’s target price would suggest a potential upside of 187.36% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Mizuho reduced their target price on The Hain Celestial Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, August 25th. Stephens started coverage on The Hain Celestial Group in a research note on Thursday, June 22nd. They issued an “overweight” rating and a $17.00 price objective on the stock. Evercore ISI dropped their target price on shares of The Hain Celestial Group from $14.00 to $13.00 and set an “in-line” rating for the company in a research report on Monday, August 28th. JPMorgan Chase & Co. cut their price target on shares of The Hain Celestial Group from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, August 28th. Finally, Barclays decreased their price objective on shares of The Hain Celestial Group from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, July 20th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and an average target price of $17.55.

The Hain Celestial Group Trading Up 0.1 %

NASDAQ HAIN traded up $0.01 during trading hours on Thursday, hitting $10.44. 370,483 shares of the company’s stock were exchanged, compared to its average volume of 925,313. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.22 and a current ratio of 2.56. The firm has a market capitalization of $934.11 million, a P/E ratio of -7.96 and a beta of 0.94. The business’s 50 day moving average is $11.82 and its 200-day moving average is $14.06. The Hain Celestial Group has a 12-month low of $9.36 and a 12-month high of $22.14.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $447.80 million during the quarter, compared to analyst estimates of $435.61 million. The Hain Celestial Group had a negative net margin of 6.49% and a positive return on equity of 4.30%. The Hain Celestial Group’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. As a group, analysts anticipate that The Hain Celestial Group will post 0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in The Hain Celestial Group by 15.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,081,205 shares of the company’s stock worth $170,172,000 after purchasing an additional 1,342,432 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of The Hain Celestial Group by 17.2% in the fourth quarter. Alliancebernstein L.P. now owns 7,152,677 shares of the company’s stock worth $115,730,000 after buying an additional 1,051,217 shares during the last quarter. Black Creek Investment Management Inc. raised its holdings in The Hain Celestial Group by 4.6% in the first quarter. Black Creek Investment Management Inc. now owns 5,323,234 shares of the company’s stock valued at $91,293,000 after acquiring an additional 232,596 shares in the last quarter. State Street Corp boosted its stake in The Hain Celestial Group by 1.2% during the 1st quarter. State Street Corp now owns 3,399,117 shares of the company’s stock valued at $58,295,000 after acquiring an additional 38,991 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in The Hain Celestial Group by 20.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,354,057 shares of the company’s stock valued at $41,959,000 after acquiring an additional 558,264 shares during the last quarter. Hedge funds and other institutional investors own 89.11% of the company’s stock.

The Hain Celestial Group Company Profile

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.