Concerns about Hain Celestial may create buying opportunity, says BMO Capital After Hain reported in-line Q2 EPS but raised its FY14 EPS guidance, BMO Capital believes that concerns about a deceleration in the company's U.S. growth are misplaced. The firm contends that the company is poised to exceed sales/earnings expectations in the near term, and it keeps an Outperform rating on the stock.
Hain 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.