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The Hain Celestial Group (HAIN) manufactures, markets, distributes, and sells organic and natural products.
The company offers grocery products comprising infant formula, infant, toddler and kids foods, non-dairy beverages and frozen desserts, flour and baking mixes, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola and cereal bars, canned, chilled fresh, aseptic and instant soups, greek-style yogurt, chilis, packaged grains, chocolate, and nut butters. It also provides cold-pressed juices, chilled hot-eating and frozen desserts, cookies, crackers, gluten-free frozen entrees and bars, frozen pastas and ethnic meals, frozen fruit and vegetables, cut fresh fruit, refrigerated and frozen soy protein meat-alternative products, tofu, seitan and tempeh products, jams, fruit spreads and jelly, honey, and marmalade products, as well as other food products.
In addition, the company offers snack products, such various potato chips, root vegetable and other vegetable chips, straws, tortilla chips, whole grain chips, baked puffs, and popcorn; specialty teas consisting of herbal, green, wellness, white, red, chai, caffeinated, and iced teas, as well as ready to drink kombucha products, ENERJI green tea and kombucha energy shots, and Sleepytime Snooz sleep shots. Further, it provides personal care products comprising skin, hair and oral care, deodorants, baby care items, diapers, acne treatment, body washes, and sunscreens.
The company sells its products to specialty and natural food distributors, supermarkets, natural food stores, mass-market retailers, e-tailers, food service channels, and club stores in approximately 50 countries worldwide.
The firm announced yesterday that is buying the Tilda Group, a rice company with sales in 40 countries. In calendar year 2013, Tilda generated approximately $190M in net sales and is expected to be accretive to Hain Celestial's adjusted EPS in the second half of FY14 by 6c-10c per diluted share.
Shares have formed a bullish "Cup & Handle" and higher share prices are expected for this stock.
52-Week Trading Range: $52.20 - $93.78
Entry Point: $93.00
Stop Loss: $88.35
Target Price: $102.30
HAIN fell below our stop loss. Position closed at $85.00.
