The Hain Celestial Group, Inc.
) reached a new 52-week high of $98.06 on Jan 15, 2014. This
leader in natural food and personal care products eventually
closed trade at $97.81 yesterday, amassing a significantly high
return of roughly 82.0% over the past one year. Average volume of
shares traded over the last 3 months stands at approximately
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The company currently trades at a forward P/E of 31.42x, a 40.9%
premium to the peer group average of 22.3x. The last traded price
is 5.6% above the Zacks Consensus average analyst price target of
$92.65. Additionally, the company's long-term estimated earnings
per share growth rate is 11.8%.
Hain Celestial's strategic investments plus continued efforts to
contain costs, increase productivity, and enhance cash flows and
margins have enabled it to deliver healthy results.
The company, which competes with
General Mills Inc.
), expects to sustain strong momentum as it remains well
positioned to capitalize on the growing global demand for organic
products through acquisitions, which has been a key strategy in
building market share.
This is evident from its latest acquisition of Tilda Limited, a
renowned name in Basmati rice. Management believes that the
buyout of Tilda will augment Hain Celestial's adjusted earnings
by 6 cents to 10 cents a share during the second half of
fiscal-year 2014. Further, the strong presence of the Tilda brand
in emerging markets such as the Middle East and North Africa, and
India are likely to provide Hail Celestial a gateway to expand
its existing brands.
Earlier, the company had acquired leading packaged grocery brands
Hartley's, Gale's, Robertson's, Frank Cooper's and Sun-Pat from
Premier Foods plc. These acquisitions have not only widened the
company's geographical presence, but have also provided
opportunities to cross-sell products in the U.S., Canadian and
Apart from these factors, if we look at the company's earnings
surprise history over the last 13 quarters, Hain Celestial has
topped estimates by an average of 4.1%. In the last concluded
quarter, the company posted earnings of 52 cents a share that
came a penny ahead of the Zacks Consensus Estimate and surged
26.8% year over year. This also makes this Zacks Rank #1 (Strong
Buy) company a healthy option for investors.
Apart from Hain Celestial, other stocks such as
DHT Holdings, Inc.
Bally Technologies, Inc.
) achieved new 52-week highs of $7.98 and $81.34 respectively, on
Jan 15, 2014.