The Hain Celestial Group, Inc. (NASDAQ:HAIN) Earns Buy Rating from Citigroup Inc.

The Hain Celestial Group, Inc. (NASDAQ:HAIN)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a report released on Monday, July 10th. They presently have a $46.00 price objective on the stock, down from their prior price objective of $62.00. Citigroup Inc.’s price objective suggests a potential upside of 6.51% from the company’s current price.

HAIN has been the subject of a number of other reports. Susquehanna Bancshares Inc set a $45.00 target price on The Hain Celestial Group and gave the company a “buy” rating in a research note on Saturday, May 13th. UBS AG restated a “sell” rating and issued a $31.00 target price (down from $33.00) on shares of The Hain Celestial Group in a research note on Sunday, June 25th. Wells Fargo & Company set a $42.00 target price on The Hain Celestial Group and gave the company a “hold” rating in a research note on Saturday, July 1st. Vetr upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating and set a $36.42 target price for the company in a research note on Monday, April 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $50.00 price objective on shares of The Hain Celestial Group in a research report on Friday, June 9th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the stock. The Hain Celestial Group presently has an average rating of “Hold” and a consensus price target of $41.44.

Shares of The Hain Celestial Group (NASDAQ HAIN) traded down 0.83% during trading on Monday, hitting $43.19. The stock had a trading volume of 836,068 shares. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $56.99. The stock’s market cap is $4.48 billion. The company’s 50 day moving average price is $39.26 and its 200 day moving average price is $37.48.

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

The Hain Celestial Group declared that its board has authorized a share buyback program on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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Several institutional investors have recently bought and sold shares of HAIN. Bank of Montreal Can increased its position in shares of The Hain Celestial Group by 740.5% in the first quarter. Bank of Montreal Can now owns 355,971 shares of the company’s stock worth $13,242,000 after buying an additional 313,621 shares during the last quarter. Skylands Capital LLC bought a new position in shares of The Hain Celestial Group during the first quarter worth approximately $372,000. Rice Hall James & Associates LLC increased its position in shares of The Hain Celestial Group by 0.8% in the first quarter. Rice Hall James & Associates LLC now owns 307,376 shares of the company’s stock worth $11,434,000 after buying an additional 2,295 shares during the last quarter. Atria Investments LLC increased its position in shares of The Hain Celestial Group by 10.2% in the first quarter. Atria Investments LLC now owns 7,879 shares of the company’s stock valued at $293,000 after buying an additional 730 shares in the last quarter. Finally, SFE Investment Counsel increased its position in shares of The Hain Celestial Group by 6.2% in the first quarter. SFE Investment Counsel now owns 24,114 shares of the company’s stock valued at $897,000 after buying an additional 1,402 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

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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