The Hain Celestial Group, Inc. (HAIN) Receives $41.73 Average Target Price from Analysts
The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned an average rating of “Hold” from the twenty analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $41.73.
A number of brokerages have commented on HAIN. Wells Fargo & Company restated a “market perform” rating and issued a $42.00 target price on shares of The Hain Celestial Group in a research note on Saturday. Susquehanna Bancshares Inc reiterated a “hold” rating and set a $45.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 14th. Barclays PLC reiterated a “hold” rating and set a $39.00 price target on shares of The Hain Celestial Group in a research report on Friday, September 1st. UBS AG reissued a “sell” rating and issued a $33.00 price target (up previously from $31.00) on shares of The Hain Celestial Group in a report on Thursday, August 31st. Finally, Buckingham Research raised their price target on The Hain Celestial Group from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 30th.
The Hain Celestial Group (NASDAQ HAIN) traded down 1.41% during mid-day trading on Friday, reaching $41.21. The company’s stock had a trading volume of 1,129,085 shares. The firm has a market capitalization of $4.27 billion, a PE ratio of 63.40 and a beta of 1.28. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $45.61. The stock’s 50-day moving average is $40.83 and its 200-day moving average is $38.65.
The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $725.10 million for the quarter, compared to analyst estimates of $720.70 million. The Hain Celestial Group had a net margin of 2.36% and a return on equity of 7.65%. The Hain Celestial Group’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, equities analysts anticipate that The Hain Celestial Group will post $1.66 EPS for the current year.
The Hain Celestial Group declared that its Board of Directors has initiated a stock repurchase plan on Thursday, June 22nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
Institutional investors and hedge funds have recently bought and sold shares of the company. World Asset Management Inc lifted its holdings in shares of The Hain Celestial Group by 11.2% in the first quarter. World Asset Management Inc now owns 6,999 shares of the company’s stock valued at $260,000 after buying an additional 705 shares during the period. Karp Capital Management Corp acquired a new stake in The Hain Celestial Group in the 1st quarter valued at about $895,000. Parametric Portfolio Associates LLC lifted its holdings in The Hain Celestial Group by 4.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 185,076 shares of the company’s stock valued at $6,885,000 after acquiring an additional 7,865 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in The Hain Celestial Group by 42.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 52,656 shares of the company’s stock valued at $1,958,000 after acquiring an additional 15,757 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in The Hain Celestial Group by 1.5% in the 1st quarter. Pacer Advisors Inc. now owns 11,819 shares of the company’s stock valued at $440,000 after acquiring an additional 179 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.
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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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