Vetr Inc. Downgrades The Hain Celestial Group, Inc. (NASDAQ:HAIN) to Hold

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Monday, July 3rd. They currently have a $39.79 price objective on the stock. Vetr‘s target price indicates a potential downside of 11.58% from the company’s previous close.

A number of other brokerages have also issued reports on HAIN. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of The Hain Celestial Group in a research report on Friday, June 30th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $44.00 price target (up from $42.00) on shares of The Hain Celestial Group in a research report on Friday, June 23rd. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a research report on Wednesday, May 31st. BMO Capital Markets reissued an “outperform” rating and set a $45.00 price target on shares of The Hain Celestial Group in a research report on Tuesday, March 7th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of The Hain Celestial Group in a research report on Wednesday, May 17th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $41.21.

The Hain Celestial Group (NASDAQ HAIN) traded up 0.31% during mid-day trading on Monday, reaching $45.00. The company had a trading volume of 1,904,829 shares. The stock’s 50-day moving average is $38.01 and its 200 day moving average is $37.32. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $56.99. The firm’s market capitalization is $4.67 billion.

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

The Hain Celestial Group announced that its board has initiated a stock repurchase program on Thursday, June 22nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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Several hedge funds have recently added to or reduced their stakes in HAIN. Dubuque Bank & Trust Co. increased its stake in The Hain Celestial Group by 0.7% in the first quarter. Dubuque Bank & Trust Co. now owns 6,495 shares of the company’s stock valued at $242,000 after buying an additional 42 shares during the period. Pacer Advisors Inc. increased its stake in shares of The Hain Celestial Group by 1.5% in the first quarter. Pacer Advisors Inc. now owns 11,819 shares of the company’s stock valued at $440,000 after buying an additional 179 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of The Hain Celestial Group by 2.9% in the first quarter. Capstone Asset Management Co. now owns 9,482 shares of the company’s stock valued at $353,000 after buying an additional 270 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of The Hain Celestial Group by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 49,254 shares of the company’s stock valued at $1,832,000 after buying an additional 275 shares during the last quarter. Finally, State Treasurer State of Michigan increased its stake in shares of The Hain Celestial Group by 0.7% in the first quarter. State Treasurer State of Michigan now owns 42,000 shares of the company’s stock valued at $1,562,000 after buying an additional 300 shares during the last quarter. Institutional investors own 86.70% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

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

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