The Hain Celestial Group, Inc. (HAIN) Rating Reiterated by UBS AG
The Hain Celestial Group, Inc. (NASDAQ:HAIN)‘s stock had its “sell” rating reaffirmed by stock analysts at UBS AG in a report released on Thursday. They presently have a $33.00 target price on the stock, up from their previous target price of $31.00. UBS AG’s target price points to a potential downside of 16.58% from the company’s previous close.
Several other research firms have also commented on HAIN. Loop Capital began coverage on shares of The Hain Celestial Group in a research note on Monday, July 31st. They issued a “hold” rating and a $46.00 price objective for the company. BidaskClub raised shares of The Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Susquehanna Bancshares Inc set a $45.00 price objective on shares of The Hain Celestial Group and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Maxim Group reissued a “buy” rating and issued a $50.00 price objective on shares of The Hain Celestial Group in a research note on Tuesday. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price objective on shares of The Hain Celestial Group in a research note on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.45.
Shares of The Hain Celestial Group (HAIN) opened at 39.56 on Thursday. The Hain Celestial Group has a 12-month low of $31.01 and a 12-month high of $45.61. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 60.86 and a beta of 1.25. The stock has a 50 day moving average of $42.38 and a 200 day moving average of $37.83.
The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The Hain Celestial Group had a net margin of 2.36% and a return on equity of 6.93%. The business had revenue of $725.10 million during the quarter, compared to analyst estimates of $720.70 million. During the same quarter last year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts forecast that The Hain Celestial Group will post $1.66 earnings per share for the current year.
The Hain Celestial Group announced that its board has authorized a share repurchase program on Thursday, June 22nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
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Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in The Hain Celestial Group by 50.6% in the first quarter. IFP Advisors Inc now owns 3,209 shares of the company’s stock worth $119,000 after buying an additional 1,078 shares during the last quarter. Invictus RG bought a new stake in The Hain Celestial Group during the first quarter worth $174,000. Creative Planning boosted its stake in 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 during the last quarter. FormulaFolio Investments LLC bought a new stake in The Hain Celestial Group during the first quarter worth $200,000. Finally, Tudor Investment Corp ET AL bought a new stake in The Hain Celestial Group during the first quarter worth $201,000. 92.29% of the stock is currently owned by institutional investors.
About The Hain Celestial Group
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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