The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been assigned an average rating of “Hold” from the twenty-five analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $41.78.

Several brokerages have recently issued reports on HAIN. Vetr cut The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $42.02 price objective for the company. in a research note on Monday, May 15th. Susquehanna Bancshares Inc set a $45.00 target price on The Hain Celestial Group and gave the stock a “buy” rating in a research report on Saturday, May 13th. UBS AG reissued a “sell” rating and set a $31.00 target price (down previously from $33.00) on shares of The Hain Celestial Group in a research 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 research report on Saturday, July 1st. Finally, Maxim Group raised The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Thursday, July 13th.

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The Hain Celestial Group (HAIN) opened at 42.98 on Friday. The firm has a 50-day moving average of $40.39 and a 200-day moving average of $37.56. The company’s market capitalization is $4.46 billion. The Hain Celestial Group has a one year low of $31.01 and a one year high of $56.99.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, June 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.19. The company had revenue of $706.56 million during the quarter, compared to analysts’ expectations of $721 million. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. On average, analysts anticipate that The Hain Celestial Group will post $1.20 earnings per share for the current year.

The Hain Celestial Group announced that its Board of Directors has authorized a stock buyback program on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Large investors have recently modified their holdings of the company. IFP Advisors Inc increased its stake in shares of The Hain Celestial Group by 50.6% in the first quarter. IFP Advisors Inc now owns 3,209 shares of the company’s stock valued at $119,000 after buying an additional 1,078 shares during the last quarter. Invictus RG bought a new stake in shares of The Hain Celestial Group during the first quarter valued at $174,000. Creative Planning increased its position in shares of The Hain Celestial Group by 14.0% in the first quarter. Creative Planning now owns 4,852 shares of the company’s stock worth $180,000 after buying an additional 597 shares in the last quarter. FormulaFolio Investments LLC acquired a new position in shares of The Hain Celestial Group during the first quarter worth approximately $200,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of The Hain Celestial Group during the first quarter worth approximately $201,000. 85.96% of the stock is 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.

Analyst Recommendations for The Hain Celestial Group (NASDAQ:HAIN)

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