Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have received an average rating of “Hold” from the twenty-five ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $41.78.

A number of brokerages have weighed in on HAIN. BidaskClub cut shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Loop Capital began coverage on shares of The Hain Celestial Group in a research report on Monday, July 31st. They set a “hold” rating and a $46.00 price target on the stock. Susquehanna Bancshares Inc set a $46.00 price target on shares of The Hain Celestial Group and gave the company a “buy” rating in a research report on Tuesday, July 18th. Maxim Group raised shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, July 13th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 price target (down from $62.00) on shares of The Hain Celestial Group in a research report on Monday, July 10th.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of 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 worth $317,676,000 after buying an additional 8,460,413 shares during the period. Vanguard Group Inc. raised its stake in shares of The Hain Celestial Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 8,339,036 shares of the company’s stock worth $323,722,000 after buying an additional 104,034 shares during the period. FMR LLC raised its stake in shares of The Hain Celestial Group by 40.0% in the first quarter. FMR LLC now owns 7,899,213 shares of the company’s stock worth $293,851,000 after buying an additional 2,258,735 shares during the period. Wells Fargo & Company MN raised its stake in shares of The Hain Celestial Group by 5.7% in the first quarter. Wells Fargo & Company MN now owns 4,938,453 shares of the company’s stock worth $183,709,000 after buying an additional 267,448 shares during the period. Finally, Glenview Capital Management LLC bought a new stake in shares of The Hain Celestial Group during the first quarter worth about $102,266,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

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Shares of The Hain Celestial Group (NASDAQ:HAIN) traded up 0.39% during midday trading on Friday, reaching $43.51. 1,223,431 shares of the company traded hands. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $56.99. The stock’s market capitalization is $4.51 billion. The company’s 50 day moving average is $40.70 and its 200-day moving average is $37.58.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $0.19. The business had revenue of $706.56 million for the quarter, compared to analyst estimates 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 forecast 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 of Directors has initiated a share repurchase program on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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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