Jefferies Remains a Buy on Hain Celestial


In a report released today, Akshay Jagdale from Jefferies maintained a Buy rating on Hain Celestial (NASDAQ: HAIN), with a price target of $40. The company’s shares closed yesterday at $28.64, close to its 52-week low of $26.88.

Jagdale said:

“3Q results (incl. HPP which is now classified as discontinued ops) came in significantly below expectations. Much of the miss was driven by higher corp. expense, freight and commodity related headwinds as well as higher marketing investments, all of which we view as transitory. We estimate comparable 3Q EBITDA missed our estimate significantly & revised guidance (incl. HPP) implies 4Q EBITDA ~21% lower than before, ~18% below our est., & ~16% below consensus.”

According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 4.7% and a 51.0% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and J & J Snack Foods.

Hain Celestial has an analyst consensus of Hold, with a price target consensus of $33.33.

Find more picks by Best Performing Analysts >>

Based on Hain Celestial’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $47.1 million. In comparison, last year the company had a net profit of $31.33 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HAIN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hain Celestial Group, Inc. engages in the production and distribution of organic and natural products. Its brands include Celestial Seasonings, Earth’s Best, Ella’s Kitchen, Terra, Garden of Eatin, Sensible Portions, and Health Valley. It operates through the following geographical segments: United States, United Kingdom, Hain Pure Protein, and Rest of World.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts