Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.81 and last traded at $5.83, with a volume of 206741 shares changing hands. The stock had previously closed at $5.89.
Analysts Set New Price Targets
HAIN has been the topic of a number of research reports. DA Davidson started coverage on The Hain Celestial Group in a report on Friday, March 1st. They issued a "neutral" rating and a $10.00 price target on the stock. Maxim Group decreased their price objective on shares of The Hain Celestial Group from $25.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, February 8th. Mizuho cut their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Wednesday, April 3rd. Barclays reduced their price target on shares of The Hain Celestial Group from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. reduced their target price on The Hain Celestial Group from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $13.00.
Read Our Latest Stock Report on HAIN
The Hain Celestial Group Stock Down 2.2 %
The stock has a fifty day moving average price of $8.44 and a 200-day moving average price of $9.98. The firm has a market cap of $517.42 million, a PE ratio of -3.25 and a beta of 0.68. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.24.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The company had revenue of $454.10 million during the quarter, compared to analyst estimates of $461.31 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The business's quarterly revenue was up .0% compared to the same quarter last year. Research analysts expect that The Hain Celestial Group, Inc. will post 0.29 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Wendy P. Davidson acquired 5,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $9.46 per share, with a total value of $47,300.00. Following the completion of the transaction, the chief executive officer now directly owns 58,309 shares of the company's stock, valued at $551,603.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by insiders.
Institutional Trading of The Hain Celestial Group
Several large investors have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its holdings in The Hain Celestial Group by 4.5% in the first quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company's stock valued at $327,000 after acquiring an additional 425 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of The Hain Celestial Group by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the company's stock worth $303,000 after purchasing an additional 443 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in The Hain Celestial Group by 30.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,121 shares of the company's stock worth $50,000 after purchasing an additional 721 shares in the last quarter. Mariner LLC increased its holdings in The Hain Celestial Group by 6.8% in the fourth quarter. Mariner LLC now owns 13,099 shares of the company's stock valued at $212,000 after buying an additional 839 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in The Hain Celestial Group by 1.5% during the third quarter. Public Employees Retirement System of Ohio now owns 60,504 shares of the company's stock valued at $1,021,000 after buying an additional 885 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.
About The Hain Celestial Group
(
Get Free Report)
The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, 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, and spelt; and condiments.
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