Equity research analysts at Stifel Nicolaus have reportedly begun covering shares of The Hain Celestial Group, as The Fly (NASDAQ: HAIN) reported. This information was conveyed in a research note on Monday, which was sent out to customers and investors via email. As a result, the company has recommended that investors “hold” onto their shares for the time being.
Other research analysts have also published their findings on the stock in the form of reports. These reports were published on the stock. Maxim Group decreased their price target on shares of The Hain Celestial Group from $50.00 to $42.00 in a research report published on Friday, August 26. The firm also assigned a “buy” rating to the company. The coverage of shares of The Hain Celestial Group that was going to be done by StockNews.com began on Wednesday, October 12, when they published a research note that announced they would be doing so. They recommended “selling” the stock to prospective buyers. In a research report published on Thursday, October 20, Piper Sandler decreased their target price on The Hain Celestial Group from $23.00 to $17.00 and downgraded the stock from “overweight” to “neutral.” CL King disclosed in a research report that was made public on October 25 that the price target that the company had established for The Hain Celestial Group had been decreased from $28.00 to $25.00. In a research report published on Monday, August 29, Consumer Edge announced that the company’s rating on shares of The Hain Celestial Group had been lowered from “overweight” to “equal weight” as of that day. They also lowered their target price, which had previously been set at $30.00, to $23.00. Five equity research experts have given the stock a recommendation to purchase it; the same five analysts have given the stock a recommendation to hold onto it, and one of those analysts has given the stock a recommendation to sell it. According to data compiled by Bloomberg.com, the current consensus regarding The Hain Celestial Group is “Hold,” and the price objective has been established at an average of $30.70. This information was derived from research that was conducted.
During the trading session on Monday during lunchtime, the price of a share of Hain Celestial Group fell by $0.08, bringing the price to $15.94. The company’s stock only traded for 29,861 shares, a significant drop from its typical volume of 1,226,270 shares. The price of products sold by The Hain Celestial Group has the potential to range anywhere from $15.23 and $43.53 over a single year. The ratio of the current ratio to the quick ratio is 1.09, while the ratio of the current ratio to the quick ratio is 2.31. The ratio of debt to equity is 0.86. The stock has a price-to-earnings ratio of 22.45 and a beta value of 0.77. The value of the company’s stock on the market is approximately $1.42 billion. The price of the stock’s moving average over the past 50 days is $18.32; over the past 200 days, it has been trading at $20.61.
On November 8, the most recent earnings report for The Hain Celestial Group was made public. This company’s stock is traded on the NASDAQ under the “HAIN.” The earnings per share (EPS) for the company’s performance during the quarter came in at $0.10, which was in line with what the vast majority of market experts had anticipated would be the case. The market had forecasted revenues of $446.80 million for the quarter, but the actual revenue came in at $439.35 million. This result was lower than the market had anticipated. The Hain Celestial Group had a return on equity of 7.14 percent, and the company’s net margin was 3.48%. The projections made by experts in the field of research indicate that Hain Celestial Group will earn $0.81 per share in 2018.
Recent events have resulted in either a shift in the holdings of institutional investors and hedge funds in the company or an increase in those holdings. The value of Advisor Group Holdings Inc.’s holdings of shares issued by The Hain Celestial Group increased by 4.5 percent during the first three months of the year. The most recent quarter saw Advisor Group Holdings Inc. purchase 425 shares. This brings the total number of shares that the company owns in the enterprise to 9,772, with a value of $327,000. PNC Financial Services Group Inc. grew its stake in The Hain Celestial Group by 5.3% during the first three months of 2018, bringing the total percentage of ownership it held in the company to 89.1%. As a result of the purchase of 443 additional shares during the most recent quarter, PNC Financial Services Group Inc. now owns 8,763 shares of the company’s stock. Based on the current market price, this gives the company a market value of $303,000. American Trust increased the proportion of Hain Celestial Group stock owned by 9.3 percent over the first quarter. The process of determining whether or not one person is responsible for the actions of another is referred to as “determining responsibility,” and the term “responsibility” refers to that process. Huntington National Bank acquired a 56.1% stake in The Hain Celestial Group during the first three months of the current fiscal year. Huntington National Bank now has 1,753 shares of the company’s stock, thanks to the acquisition of an additional 630 shares during the most recent fiscal quarter. The total value of these shares is $60,000. And finally, during the second quarter, Yousif Capital Management LLC increased its position in The Hain Celestial Group by purchasing an additional 1.4 percent of its shares. Yousif Capital Management LLC now has 685 shares in its possession after purchasing an additional 50,494 shares during the most recent quarter for a total cost of $1,195,000. This brings the company’s total number of shares to 685. At present, institutional investors own 91.0% of the company’s stock. Private investors own the remaining 8.0%.
The Hain Celestial Group, Inc., located in the United States of America, the United Kingdom, and other countries, produces, marketing, and sells organic and natural products worldwide. These products are manufactured in the United States of America. North America and International are the names of the company’s two primary operations divisions, respectively. The business sells, in addition to sauces, frozen desserts made with rice, oats, almonds, and coconuts; plant-based beverages; and food specially formulated for infants, toddlers, and children.
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