Sanford C. Bernstein initiated coverage on shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in a report issued on Friday, October 6th, MarketBeat.com reports. The firm issued a market perform rating and a $45.00 target price on the stock.
A number of other brokerages have also weighed in on HAIN. Wells Fargo & Company restated a market perform rating and set a $42.00 price target on shares of The Hain Celestial Group in a research note on Saturday, September 30th. Susquehanna Bancshares Inc lowered The Hain Celestial Group from a positive rating to a neutral rating in a research note on Tuesday, August 22nd. J P Morgan Chase & Co restated a neutral rating on shares of The Hain Celestial Group in a research note on Friday, June 30th. Citigroup Inc. reaffirmed a buy rating and set a $46.00 target price (down previously from $62.00) on shares of The Hain Celestial Group in a report on Monday, July 10th. Finally, BidaskClub downgraded The Hain Celestial Group from a buy rating to a hold rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. The Hain Celestial Group currently has a consensus rating of Hold and an average target price of $41.78.
Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 41.51 on Friday. The Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61. The firm has a market capitalization of $4.31 billion, a PE ratio of 63.86 and a beta of 1.28. The stock’s 50 day moving average is $40.74 and its 200 day moving average is $38.91.
The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The Hain Celestial Group had a return on equity of 7.65% and a net margin of 2.36%. The business had revenue of $725.10 million for the quarter, compared to analyst estimates of $720.70 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts forecast that The Hain Celestial Group will post $1.66 EPS for the current year.
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The Hain Celestial Group declared that its board has initiated a stock buyback program on Thursday, June 22nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
A number of institutional investors and hedge funds have recently bought and sold shares of HAIN. 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 raised its position 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 purchasing an additional 7,865 shares in the last quarter. JPMorgan Chase & Co. raised its position in The Hain Celestial Group by 226.3% in the 1st quarter. JPMorgan Chase & Co. now owns 160,979 shares of the company’s stock valued at $5,987,000 after purchasing an additional 111,639 shares in the last quarter. Prudential Financial Inc. raised its position in The Hain Celestial Group by 295.6% in the 1st quarter. Prudential Financial Inc. now owns 271,070 shares of the company’s stock valued at $10,083,000 after purchasing an additional 202,550 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of The Hain Celestial Group by 33.3% in the 1st quarter. Stifel Financial Corp now owns 21,369 shares of the company’s stock valued at $792,000 after acquiring an additional 5,336 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other 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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