Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by equities research analysts at BMO Capital Markets from $31.00 to $29.00 in a note issued to investors on Wednesday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 2.33% from the stock’s previous close.

HAIN has been the topic of a number of other research reports. Zacks Investment Research cut shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $40.00 price target on shares of Hain Celestial Group in a report on Monday, June 25th. Deutsche Bank assumed coverage on shares of Hain Celestial Group in a report on Tuesday, June 5th. They set a “buy” rating and a $33.00 target price on the stock. BidaskClub raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, ValuEngine cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Hain Celestial Group has an average rating of “Hold” and a consensus target price of $33.53.

NASDAQ:HAIN opened at $28.34 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $2.90 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.54 and a beta of 0.96. Hain Celestial Group has a 12 month low of $25.41 and a 12 month high of $44.37.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Tuesday, August 28th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $619.60 million for the quarter, compared to analysts’ expectations of $629.25 million. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. Hain Celestial Group’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. sell-side analysts expect that Hain Celestial Group will post 1.22 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in HAIN. Neuberger Berman Group LLC increased its holdings in shares of Hain Celestial Group by 29.3% in the first quarter. Neuberger Berman Group LLC now owns 5,198,070 shares of the company’s stock worth $166,702,000 after purchasing an additional 1,177,335 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in shares of Hain Celestial Group by 28.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock worth $80,460,000 after purchasing an additional 600,000 shares during the period. Summit Trail Advisors LLC increased its holdings in shares of Hain Celestial Group by 2,341.5% in the first quarter. Summit Trail Advisors LLC now owns 616,341 shares of the company’s stock worth $616,000 after purchasing an additional 591,097 shares during the period. P Schoenfeld Asset Management LP bought a new position in shares of Hain Celestial Group in the first quarter worth $18,120,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Hain Celestial Group by 46.3% in the second quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock worth $51,358,000 after purchasing an additional 545,113 shares during the period. 88.13% of the stock is currently owned by hedge funds and other institutional investors.

About Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; 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; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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