BidaskClub upgraded shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) from a hold rating to a buy rating in a research note published on Wednesday.
A number of other research analysts have also issued reports on HAIN. Susquehanna Bancshares Inc set a $45.00 target price on The Hain Celestial Group and gave the stock a buy rating in a report on Saturday, May 13th. UBS AG reaffirmed a sell rating and set a $31.00 target price (down from $33.00) on shares of The Hain Celestial Group in a report on Sunday, June 25th. Wells Fargo & Company set a $42.00 target price on The Hain Celestial Group and gave the stock a hold rating in a report on Saturday, July 1st. Vetr lowered The Hain Celestial Group from a buy rating to a hold rating and set a $39.79 target price on the stock. in a report on Monday, July 10th. Finally, Citigroup Inc. reaffirmed a buy rating and set a $46.00 target price (down from $62.00) on shares of The Hain Celestial Group in a report on Monday, July 10th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $41.44.
Shares of The Hain Celestial Group (HAIN) traded down 1.21% during midday trading on Wednesday, reaching $43.39. 1,636,025 shares of the company were exchanged. The firm’s 50 day moving average is $38.53 and its 200-day moving average is $37.34. The company’s market capitalization is $4.50 billion. The Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $56.99.
The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.19. The firm had revenue of $706.56 million for the quarter, compared to analyst estimates of $721 million. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. On average, equities analysts forecast that The Hain Celestial Group will post $1.20 earnings per share for the current fiscal year.
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The Hain Celestial Group declared that its board has authorized a stock buyback plan on Thursday, June 22nd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of institutional investors have recently added to or reduced their stakes in HAIN. Legal & General Group Plc boosted its position in The Hain Celestial Group by 15.9% in the second quarter. Legal & General Group Plc now owns 108,363 shares of the company’s stock valued at $4,206,000 after buying an additional 14,900 shares during the period. IMS Capital Management boosted its position in The Hain Celestial Group by 4.0% in the second quarter. IMS Capital Management now owns 18,006 shares of the company’s stock valued at $699,000 after buying an additional 686 shares during the period. Bank of New York Mellon Corp boosted its position in The Hain Celestial Group by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 2,013,304 shares of the company’s stock valued at $78,157,000 after buying an additional 133,141 shares during the period. Outfitter Advisors LTD. boosted its position in The Hain Celestial Group by 215.3% in the second quarter. Outfitter Advisors LTD. now owns 72,605 shares of the company’s stock valued at $2,819,000 after buying an additional 49,580 shares during the period. Finally, Convergence Investment Partners LLC acquired a new position in The Hain Celestial Group during the second quarter valued at $2,161,000. 86.60% of the stock is currently owned by institutional investors.
The Hain Celestial Group Company Profile
The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.
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