The Hain Celestial Group, Inc. (HAIN) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) from a strong sell rating to a sell rating in a research report released on Thursday, June 29th.

Several other equities analysts have also recently issued reports on HAIN. Susquehanna Bancshares Inc set a $45.00 target price on shares of The Hain Celestial Group and gave the company a buy rating in a research note on Saturday, May 13th. UBS AG reiterated 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. Vetr upgraded shares of 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. Jefferies Group LLC reiterated a buy rating and issued a $50.00 target price on shares of The Hain Celestial Group in a research note on Friday, June 9th. Finally, Royal Bank Of Canada cut their price target on shares of 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. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $41.21.

Shares of The Hain Celestial Group (NASDAQ:HAIN) traded up 0.31% during mid-day trading on Thursday, hitting $45.00. 1,904,829 shares of the stock were exchanged. The company’s market cap is $4.67 billion. The stock’s 50-day moving average price is $38.01 and its 200-day moving average price is $37.32. The Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $56.99.

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

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The Hain Celestial Group announced that its Board of Directors has initiated a share buyback plan on Thursday, June 22nd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Large investors have recently made changes to their positions in the stock. Texas Permanent School Fund raised its stake in shares of The Hain Celestial Group by 0.8% in the second quarter. Texas Permanent School Fund now owns 75,528 shares of the company’s stock worth $2,932,000 after buying an additional 632 shares in the last quarter. Ingalls & Snyder LLC purchased a new stake in shares of The Hain Celestial Group during the second quarter worth about $611,000. Supplemental Annuity Collective Trust of NJ raised its stake in shares of The Hain Celestial Group by 55.6% in the second quarter. Supplemental Annuity Collective Trust of NJ now owns 28,000 shares of the company’s stock worth $1,087,000 after buying an additional 10,000 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of The Hain Celestial Group by 33.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,000,000 shares of the company’s stock worth $77,640,000 after buying an additional 500,000 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of The Hain Celestial Group by 2.2% in the second quarter. Great West Life Assurance Co. Can now owns 63,684 shares of the company’s stock worth $2,471,000 after buying an additional 1,350 shares in the last quarter. 86.70% of the stock is 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.

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

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