Hain Celestial Group Inc (NASDAQ:HAIN) has received a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $41.45.

Several analysts have recently issued reports on HAIN shares. Sanford C. Bernstein started coverage on shares of Hain Celestial Group in a research note on Friday, October 6th. They set a “market perform” rating and a $45.00 price objective for the company. TheStreet cut shares of Hain Celestial Group from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Royal Bank of Canada reissued a “hold” rating on shares of Hain Celestial Group in a research note on Thursday, November 9th. Finally, UBS reissued a “sell” rating and set a $33.00 price objective (up from $31.00) on shares of Hain Celestial Group in a research note on Thursday, August 31st.

In other Hain Celestial Group news, CEO Irwin D. Simon purchased 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $34.14 per share, with a total value of $1,707,000.00. Following the transaction, the chief executive officer now owns 1,695,014 shares in the company, valued at $57,867,777.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael B. Mcguinness purchased 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $34.58 per share, with a total value of $121,030.00. Following the completion of the transaction, the senior vice president now owns 55,131 shares in the company, valued at approximately $1,906,429.98. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 68,500 shares of company stock valued at $2,352,730. 12.34% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in HAIN. Teacher Retirement System of Texas lifted its holdings in Hain Celestial Group by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 8,233 shares of the company’s stock worth $320,000 after buying an additional 25 shares in the last quarter. Utah Retirement Systems lifted its holdings in Hain Celestial Group by 0.5% in the 2nd quarter. Utah Retirement Systems now owns 18,600 shares of the company’s stock worth $722,000 after buying an additional 100 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Hain Celestial Group by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 31,557 shares of the company’s stock worth $1,225,000 after buying an additional 462 shares in the last quarter. Arizona State Retirement System lifted its holdings in Hain Celestial Group by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 43,600 shares of the company’s stock worth $1,693,000 after buying an additional 600 shares in the last quarter. Finally, IMS Capital Management lifted its holdings in Hain Celestial Group by 4.0% in the 2nd quarter. IMS Capital Management now owns 18,006 shares of the company’s stock worth $699,000 after buying an additional 686 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Hain Celestial Group (NASDAQ HAIN) traded down $0.82 on Thursday, reaching $39.96. The company’s stock had a trading volume of 2,402,077 shares, compared to its average volume of 1,981,921. 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 cap of $4,147.53, a P/E ratio of 30.50, a PEG ratio of 1.72 and a beta of 1.26. Hain Celestial Group has a 52 week low of $31.01 and a 52 week high of $45.61.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The business had revenue of $708.30 million during the quarter, compared to analyst estimates of $697.39 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. research analysts anticipate that Hain Celestial Group will post 1.66 earnings per share for the current year.

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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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