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Stock Market & Financial Investment News

News Breaks
February 5, 2014
12:26 EDTWFM, HAIN, KRFTHain Celestial tumbles despite record quarterly results, increased guidance
Shares of Hain Celestial (HAIN), which manufactures, markets, distributes and sells natural and organic products, are falling despite the company reporting record second quarter results and raising its fiscal 2014 outlook. WHAT'S NEW: Last night, Hain Celestial reported second quarter adjusted earnings per share of 87c and revenue of $535M, both records for the company. Consensus expectations were for EPS of 87c and revenue of $537.75M, respectively. The company raised its FY14 EPS forecast to $3.07-$3.15 from $2.95-$3.05, and boosted its FY14 revenue view to $2.115B-$2.145B from $2.025B-$2.05B. FY14 consensus estimates were $3.11 and $2.14B, respectively. Hain did note that its gross margin was impacted by higher commodity costs, product mix, and a shift in trade spending to point of sale activities. ANALYST REACTION: This morning, analyst commentary was positive. Research firm Jefferies said any pullback in Hain Celestialís shares represented an entry point. The firm noted management stated that Q3 was off to a strong start. Jefferies lowered its price target for shares to $97 from $99 and kept a Buy rating on Hain. Another firm, BMO Capital, said concerns about Hain may create a buying opportunity. BMO Capital believed that concerns about a deceleration in the company's U.S. growth were misplaced. The firm argued that the company is poised to exceed sales/earnings expectations in the near term, and it kept an Outperform rating on the stock. PRICE ACTION: In early afternoon trading, Hain Celestial fell $6.84 or 7.5% to $84.15 on nearly five times its average daily trading volume. Over the past twelve months, the stock is up over 40%. OTHERS TO WATCH: Hainís competitors include Whole Foods (WFM) and Kraft Foods (KRFT).
News For HAIN;WFM;KRFT From The Last 14 Days
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November 25, 2014
16:01 EDTHAINHain Celestial announces 2 for 1 stock split
The Hain Celestial Group announced that its stockholders had approved an increase in the number of authorized shares of the company's common stock from 100M shares to 150M shares. The company's Board of Directors had previously approved a 2 for 1 stock split in the form of a 100% dividend subject to approval by stockholders to increase the company's authorized shares. Stockholders of record at the close of business on December 12 will receive one additional share of Hain Celestial common stock for every one share of Hain Celestial common stock owned on that date. The additional shares are expected to be distributed on or about December 29.
November 24, 2014
10:00 EDTHAIN, WFMOn The Fly: Analyst Initiation Summary
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06:32 EDTHAINHain Celestial initiated with a Buy at Longbow
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06:31 EDTWFMWhole Foods initiated with an Underperform at Longbow
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November 19, 2014
14:08 EDTKRFTEarnings Preview: Keurig Green Mountain sees FY14 EPS $3.71-$3.78
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08:15 EDTWFMWhole Foods testing price cuts in Texas, says Jefferies
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November 14, 2014
06:22 EDTHAINHain Celestial price target raised to $127 from $114 at Citigroup
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