Loop Capital began coverage on shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in a report released on Monday morning, Marketbeat Ratings reports. The brokerage issued a hold rating and a $46.00 target price on the stock.

HAIN has been the topic of several other research reports. Wells Fargo & Company set a $42.00 target price on The Hain Celestial Group and gave the company a hold rating in a research report on Saturday, July 1st. Susquehanna Bancshares Inc set a $45.00 target price on The Hain Celestial Group and gave the company a buy rating in a research report on Saturday, May 13th. BidaskClub raised The Hain Celestial Group from a strong sell rating to a sell rating in a research report on Thursday, June 29th. Vetr downgraded The Hain Celestial Group from a buy rating to a hold rating and set a $39.79 target price on the stock. in a research report on Monday, July 3rd. Finally, Zacks Investment Research raised The Hain Celestial Group from a sell rating to a hold rating in a research report on Tuesday, May 16th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $41.44.

The Hain Celestial Group (HAIN) traded down 1.21% during mid-day trading on Monday, hitting $43.39. The stock had a trading volume of 1,635,827 shares. The stock’s market cap is $4.50 billion. The stock’s 50-day moving average price is $38.53 and its 200-day moving average price is $37.34. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $56.99.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results 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 company had revenue of $706.56 million for 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%. On average, analysts predict that The Hain Celestial Group will post $1.20 earnings per share for the current year.

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

Large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in The Hain Celestial Group by 10,665.5% in the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock valued at $317,676,000 after buying an additional 8,460,413 shares during the last quarter. Glenview Capital Management LLC bought a new position in The Hain Celestial Group during the first quarter valued at approximately $102,266,000. FMR LLC raised its position in The Hain Celestial Group by 40.0% in the first quarter. FMR LLC now owns 7,899,213 shares of the company’s stock valued at $293,851,000 after buying an additional 2,258,735 shares during the last quarter. Engaged Capital LLC bought a new position in The Hain Celestial Group during the first quarter valued at approximately $70,208,000. Finally, Litespeed Management L.L.C. bought a new position in The Hain Celestial Group during the first quarter valued at approximately $19,916,000. Institutional investors and hedge funds own 86.60% 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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