Maxim Group reissued their sell rating on shares of Hain Celestial Group (NASDAQ:HAIN) in a research note released on Tuesday morning.

A number of other equities research analysts have also recently commented on the stock. BidaskClub cut shares of Hain Celestial Group from a hold rating to a sell rating in a report on Tuesday, December 12th. Jefferies Group reiterated a buy rating and set a $52.00 price target on shares of Hain Celestial Group in a report on Friday, November 17th. SunTrust Banks reiterated a hold rating and set a $35.00 price target on shares of Hain Celestial Group in a report on Friday, November 10th. Loop Capital cut their price target on shares of Hain Celestial Group to $38.00 and set a hold rating on the stock in a report on Friday, November 10th. Finally, Royal Bank of Canada reiterated a hold rating on shares of Hain Celestial Group in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $41.31.

Hain Celestial Group (NASDAQ HAIN) traded down $0.50 during trading hours on Tuesday, hitting $40.15. 1,735,000 shares of the stock were exchanged, compared to its average volume of 1,751,217. Hain Celestial Group has a 1 year low of $31.01 and a 1 year high of $45.61. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4,219.13, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.75 and a beta of 1.26.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $708.30 million for the quarter, compared to analysts’ expectations of $697.39 million. During the same quarter in the previous year, the company earned $0.14 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. sell-side analysts forecast that Hain Celestial Group will post 1.66 EPS for the current year.

In related news, SVP Michael B. Mcguinness bought 3,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of $34.58 per share, for a total transaction of $121,030.00. Following the completion of the acquisition, the senior vice president now owns 55,131 shares of the company’s stock, valued at approximately $1,906,429.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Irwin D. Simon bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $34.14 per share, for a total transaction of $1,707,000.00. Following the acquisition, the chief executive officer now directly owns 1,695,014 shares of the company’s stock, valued at approximately $57,867,777.96. The disclosure for this purchase can be found here. Insiders purchased 68,500 shares of company stock worth $2,352,730 in the last 90 days. 12.34% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAIN. Great West Life Assurance Co. Can raised its position in Hain Celestial Group by 2.2% in the second quarter. Great West Life Assurance Co. Can now owns 63,684 shares of the company’s stock worth $2,471,000 after acquiring an additional 1,350 shares during the period. Sei Investments Co. raised its position in Hain Celestial Group by 157.8% in the second quarter. Sei Investments Co. now owns 75,223 shares of the company’s stock worth $2,920,000 after acquiring an additional 46,046 shares during the period. Schwab Charles Investment Management Inc. raised its position in Hain Celestial Group by 16.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 412,233 shares of the company’s stock worth $16,003,000 after acquiring an additional 59,064 shares during the period. Arizona State Retirement System raised its position in Hain Celestial Group by 1.4% in the second quarter. Arizona State Retirement System now owns 43,600 shares of the company’s stock worth $1,693,000 after acquiring an additional 600 shares during the period. Finally, Teacher Retirement System of Texas raised its position in Hain Celestial Group by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 8,233 shares of the company’s stock worth $320,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

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Hain Celestial Group Company Profile

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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