The Hain Celestial Group, Inc. (NASDAQ:HAIN)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a research note issued to investors on Monday. They presently have a $52.00 target price on the stock. Jefferies Group LLC’s target price suggests a potential upside of 29.29% from the stock’s current price. Jefferies Group also issued estimates for The Hain Celestial Group’s Q4 2018 earnings at $0.44 EPS, Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $1.96 EPS.

Other research analysts have also issued research reports about the stock. Vetr lowered shares of The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $42.02 price objective for the company. in a research note on Monday, May 15th. Susquehanna Bancshares Inc set a $45.00 price objective on shares of The Hain Celestial Group and gave the stock a “buy” rating in a research note on Saturday, May 13th. Citigroup Inc. reiterated a “buy” rating and set a $46.00 price objective (down previously from $62.00) on shares of The Hain Celestial Group in a research note on Monday, July 10th. Maxim Group upgraded shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday, July 13th. Finally, BidaskClub upgraded shares of The Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $40.62.

The Hain Celestial Group (NASDAQ:HAIN) traded up 1.46% during midday trading on Monday, hitting $40.22. 1,794,904 shares of the stock were exchanged. The company has a market cap of $4.17 billion, a PE ratio of 61.88 and a beta of 1.28. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $45.61. The firm’s 50 day moving average price is $42.38 and its 200 day moving average price is $37.80.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $725.10 million during the quarter, compared to analyst estimates of $720.70 million. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. The Hain Celestial Group’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. On average, equities research analysts forecast that The Hain Celestial Group will post $1.66 earnings per share for the current fiscal year.

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

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A number of hedge funds have recently made changes to their positions in HAIN. FMR LLC increased 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. KBC Group NV increased its position in The Hain Celestial Group by 68.3% in the first quarter. KBC Group NV now owns 198,531 shares of the company’s stock valued at $7,385,000 after buying an additional 80,593 shares during the last quarter. Strategic Financial Services Inc increased its position in The Hain Celestial Group by 0.6% in the first quarter. Strategic Financial Services Inc now owns 77,323 shares of the company’s stock valued at $2,876,000 after buying an additional 430 shares during the last quarter. Fox Run Management L.L.C. bought a new position in The Hain Celestial Group during the first quarter valued at about $205,000. Finally, Schwab Charles Investment Management Inc. increased its position in The Hain Celestial Group by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 353,169 shares of the company’s stock valued at $13,138,000 after buying an additional 18,603 shares during the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

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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