The Hain Celestial Group, Inc. (NASDAQ:HAIN) had its price target lifted by equities researchers at Royal Bank Of Canada from $39.00 to $41.00 in a report issued on Wednesday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 1.94% from the stock’s previous close.

Several other research firms have also recently weighed in on HAIN. Loop Capital assumed coverage on The Hain Celestial Group in a research note on Monday, July 31st. They set a “hold” rating and a $46.00 target price for the company. BidaskClub upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. UBS AG cut The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. Susquehanna Bancshares Inc cut The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. Finally, Maxim Group reiterated a “buy” rating and issued a $50.00 price target on shares of The Hain Celestial Group in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $41.45.

The Hain Celestial Group (NASDAQ HAIN) opened at 40.22 on Wednesday. The company has a market cap of $4.17 billion, a P/E ratio of 61.88 and a beta of 1.28. The company’s 50 day moving average price is $42.38 and its 200 day moving average price is $37.80. The Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61.

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

The Hain Celestial Group announced that its board has authorized a share buyback plan on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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A number of hedge funds have recently bought and sold shares of HAIN. IFP Advisors Inc increased its stake in The Hain Celestial Group by 50.6% in the first quarter. IFP Advisors Inc now owns 3,209 shares of the company’s stock worth $119,000 after buying an additional 1,078 shares during the last quarter. Invictus RG bought a new stake in The Hain Celestial Group during the first quarter worth $174,000. Creative Planning increased 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 worth $180,000 after buying an additional 597 shares during the last quarter. FormulaFolio Investments LLC bought a new stake in The Hain Celestial Group during the first quarter worth $200,000. Finally, Tudor Investment Corp ET AL bought a new stake in The Hain Celestial Group during the first quarter worth $201,000. Institutional investors and hedge funds own 92.29% 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.

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

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