The Hain Celestial Group, Inc. (HAIN) Earns Hold Rating from Susquehanna Bancshares Inc

Susquehanna Bancshares Inc restated their hold rating on shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in a research report report published on Thursday. They currently have a $45.00 target price on the stock.

A number of other equities research analysts also recently weighed in on HAIN. UBS AG restated 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. BidaskClub downgraded The Hain Celestial Group from a buy rating to a hold rating in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a buy rating and issued a $50.00 price objective on shares of The Hain Celestial Group in a report on Friday, June 30th. Finally, Royal Bank Of Canada dropped their price objective on The Hain Celestial Group from $44.00 to $39.00 and set a sector perform rating for the company in a report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $41.28.

The Hain Celestial Group (NASDAQ HAIN) opened at 41.27 on Thursday. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 63.49 and a beta of 1.25. The company’s 50-day moving average price is $41.85 and its 200-day moving average price is $38.19. The Hain Celestial Group has a 12-month low of $31.01 and a 12-month high of $45.61.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $725.10 million during the quarter, compared to the consensus estimate of $720.70 million. The Hain Celestial Group had a return on equity of 7.65% and a net margin of 2.36%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities analysts expect that The Hain Celestial Group will post $1.66 EPS for the current fiscal year.

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

Institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board boosted its position in shares of The Hain Celestial Group by 18.0% during the first quarter. Canada Pension Plan Investment Board now owns 118,500 shares of the company’s stock worth $4,408,000 after buying an additional 18,100 shares during the period. State Treasurer State of Michigan boosted its position in shares of The Hain Celestial Group by 0.7% during the first quarter. State Treasurer State of Michigan now owns 42,000 shares of the company’s stock worth $1,562,000 after buying an additional 300 shares during the period. Bank of New York Mellon Corp boosted its position in shares of The Hain Celestial Group by 9.8% during the first quarter. Bank of New York Mellon Corp now owns 1,880,163 shares of the company’s stock worth $69,943,000 after buying an additional 168,466 shares during the period. Swiss National Bank boosted its position in shares of The Hain Celestial Group by 0.6% during the first quarter. Swiss National Bank now owns 171,114 shares of the company’s stock worth $6,365,000 after buying an additional 1,000 shares during the period. Finally, World Asset Management Inc boosted its position in shares of The Hain Celestial Group by 11.2% during the first quarter. World Asset Management Inc now owns 6,999 shares of the company’s stock worth $260,000 after buying an additional 705 shares during the period. Institutional investors own 91.98% of the company’s stock.

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.

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

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