Jefferies Raises Price Target onHain Celestial (HAIN), Strong Quarter and Solid Execution by Management
Tweet
Share
E-mailGet Alerts HAIN Hot Sheet
Price: $0.79 +27.42%
Rating Summary:
6 Buy, 28 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 28 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies is reiterating its Buy rating on shares Hain Celestial (NASDAQ: HAIN) and is raising its price target from $33 to $39.
The company's sales grew 30% Y/Y in Q3 as organic growth was up 15% and consumption growth was 6%.
The firm reports, "HAIN has done a very nice job of using productivity gains to help offset rising inflation, evident in 3Q and likely to be a lever going forward. The margin improvement looks even better in light of the 80 bps of input cost headwinds in 3Q. Favorable positioning on certain items and pricing actions taken in 2Q will be helpful in 4Q as well. Rising inputs look to be potentially more of an issue in FY12, although HAIN's recent price increase should provide some offset."
Jefferies is raising its FY11 and FY12 EPS estimates from $1.30 and $1.47 to $1.32 and $1.51.
For more ratings news on Hain Celestial click here and for the rating history of Hain Celestial click here.
Shares of Hain Celestial closed at $33.27 yesterday.
The company's sales grew 30% Y/Y in Q3 as organic growth was up 15% and consumption growth was 6%.
The firm reports, "HAIN has done a very nice job of using productivity gains to help offset rising inflation, evident in 3Q and likely to be a lever going forward. The margin improvement looks even better in light of the 80 bps of input cost headwinds in 3Q. Favorable positioning on certain items and pricing actions taken in 2Q will be helpful in 4Q as well. Rising inputs look to be potentially more of an issue in FY12, although HAIN's recent price increase should provide some offset."
Jefferies is raising its FY11 and FY12 EPS estimates from $1.30 and $1.47 to $1.32 and $1.51.
For more ratings news on Hain Celestial click here and for the rating history of Hain Celestial click here.
Shares of Hain Celestial closed at $33.27 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Benchmark Reiterates Buy Rating on Rank One Computing (ROC)
- Deere (DE) PT Raised to $585 at JPMorgan
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
