The Hain Celestial Group, Inc. (NASDAQ:HAIN) issued its quarterly earnings data on Tuesday. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03, Bloomberg Earnings reports. The firm had revenue of $725.10 million for 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 period in the previous year, the firm earned $0.43 EPS. The Hain Celestial Group updated its FY18 guidance to $1.63-1.80 EPS.

Shares of The Hain Celestial Group (NASDAQ HAIN) opened at 40.05 on Wednesday. The stock’s market cap is $4.15 billion. The Hain Celestial Group has a 52 week low of $31.01 and a 52 week high of $45.61. The firm has a 50-day moving average price of $42.23 and a 200-day moving average price of $37.76.

The Hain Celestial Group announced that its Board of Directors has authorized 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. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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Several large investors have recently added to or reduced their stakes in HAIN. Creative Planning raised its stake in The Hain Celestial Group by 14.0% in the first quarter. Creative Planning now owns 4,852 shares of the company’s stock valued at $180,000 after buying an additional 597 shares in the last quarter. Capstone Asset Management Co. raised its stake in 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 in the last quarter. Fox Run Management L.L.C. bought a new stake in The Hain Celestial Group during the first quarter valued at $205,000. Louisiana State Employees Retirement System raised its stake in The Hain Celestial Group by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the company’s stock valued at $971,000 after buying an additional 500 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in The Hain Celestial Group by 30.1% in the first quarter. Janney Montgomery Scott LLC now owns 67,131 shares of the company’s stock valued at $2,497,000 after buying an additional 15,548 shares in the last quarter. Institutional investors own 92.29% of the company’s stock.

A number of analysts have issued reports on HAIN shares. Vetr upgraded shares of The Hain Celestial Group from a “buy” rating to a “strong-buy” rating and set a $42.01 price target on the stock in a research note on Tuesday, May 16th. Zacks Investment Research upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a research note on Friday, May 12th. Susquehanna Bancshares Inc set a $44.00 price target on shares of The Hain Celestial Group and gave the stock a “buy” rating in a research note on Friday, May 19th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of The Hain Celestial Group in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $40.59.

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.

Earnings History for The Hain Celestial Group (NASDAQ:HAIN)

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