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Trade-Ideas LLC identified
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Hain Celestial Group as such a stock due to the following factors:
- HAIN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $57.8 million.
- HAIN has traded 15,766 shares today.
- HAIN is trading at a new lifetime high.
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More details on HAIN:
The Hain Celestial Group, Inc., together with its subsidiaries, manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. HAIN has a PE ratio of 44.6. Currently there are 7 analysts that rate Hain Celestial Group a buy, no analysts rate it a sell, and 7 rate it a hold.
The average volume for Hain Celestial Group has been 564,800 shares per day over the past 30 days. Hain Celestial Group has a market cap of $5.9 billion and is part of the services sector and wholesale industry. The stock has a beta of 0.11 and a short float of 8% with 8.87 days to cover. Shares are up 30.6% year-to-date as of the close of trading on Friday.
rates Hain Celestial Group as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 1.7%. Since the same quarter one year prior, revenues rose by 34.6%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- The current debt-to-equity ratio, 0.55, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.90 is somewhat weak and could be cause for future problems.
- Compared to its closing price of one year ago, HAIN's share price has jumped by 31.49%, exceeding the performance of the broader market during that same time frame. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
- HAIN CELESTIAL GROUP INC's earnings per share declined by 35.1% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, HAIN CELESTIAL GROUP INC increased its bottom line by earning $2.83 versus $2.50 in the prior year. This year, the market expects an improvement in earnings ($3.85 versus $2.83).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Food Products industry. The net income has significantly decreased by 31.8% when compared to the same quarter one year ago, falling from $27.66 million to $18.86 million.
- You can view the full Hain Celestial Group Ratings Report.