Barclays PLC restated their hold rating on shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in a report published on Friday morning. The firm currently has a $39.00 target price on the stock.

A number of other brokerages also recently issued reports on HAIN. Loop Capital began coverage on The Hain Celestial Group in a research report on Monday, July 31st. They set a hold rating and a $46.00 price objective for the company. BidaskClub raised The Hain Celestial Group from a hold rating to a buy rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc set a $45.00 price objective on The Hain Celestial Group and gave the stock a hold rating in a research report on Tuesday, August 22nd. UBS Group AG downgraded The Hain Celestial Group from a positive rating to a neutral rating in a research report on Tuesday, August 22nd. Finally, Maxim Group reissued a buy rating and set a $50.00 price objective on shares of The Hain Celestial Group in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $41.28.

Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 39.56 on Friday. The Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $45.61. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 60.86 and a beta of 1.25. The company has a 50-day moving average of $42.38 and a 200-day moving average of $37.83.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $725.10 million during the quarter, compared to the consensus estimate of $720.70 million. The Hain Celestial Group had a return on equity of 6.93% and a net margin of 2.36%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.43 EPS. On average, equities research analysts expect that The Hain Celestial Group will post $1.66 EPS for the current fiscal year.

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The Hain Celestial Group declared that its Board of Directors has approved a share buyback program on Thursday, June 22nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc grew its position in shares of The Hain Celestial Group by 50.6% during 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 in the last quarter. Invictus RG acquired a new position in shares of The Hain Celestial Group during the first quarter worth about $174,000. Creative Planning grew its position in shares of The Hain Celestial Group by 14.0% during the first quarter. Creative Planning now owns 4,852 shares of the company’s stock worth $180,000 after buying an additional 597 shares in the last quarter. FormulaFolio Investments LLC acquired a new position in shares of The Hain Celestial Group during the first quarter worth about $200,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of The Hain Celestial Group during the first quarter worth about $201,000. 92.29% of the stock is owned by institutional investors and hedge funds.

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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