The Hain Celestial Group, Inc. (HAIN) Receives Consensus Recommendation of “Hold” from Brokerages
The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned a consensus rating of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $41.73.
HAIN has been the topic of a number of research analyst reports. Susquehanna Bancshares Inc cut The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. J P Morgan Chase & Co reissued a “neutral” rating on shares of The Hain Celestial Group in a research note on Friday, June 30th. Citigroup Inc. reissued a “buy” rating and issued a $46.00 target price (down previously from $62.00) on shares of The Hain Celestial Group in a research note on Monday, July 10th. BidaskClub cut The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada increased their target price on The Hain Celestial Group from $39.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 30th.
Several institutional investors have recently bought and sold shares of HAIN. IFP Advisors Inc boosted its holdings 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 purchasing an additional 1,078 shares during the period. Invictus RG purchased a new stake in shares of The Hain Celestial Group during the first quarter worth about $174,000. FormulaFolio Investments LLC purchased a new stake in shares of The Hain Celestial Group during the first quarter worth about $200,000. Tudor Investment Corp ET AL purchased a new stake in shares of The Hain Celestial Group during the first quarter worth about $201,000. Finally, Miles Capital Inc. purchased a new stake in shares of The Hain Celestial Group during the second quarter worth about $201,000. Institutional investors own 92.29% of the company’s stock.
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The Hain Celestial Group (HAIN) traded down 0.84% during midday trading on Tuesday, hitting $40.05. The company had a trading volume of 779,192 shares. The firm has a market capitalization of $4.15 billion, a P/E ratio of 61.62 and a beta of 1.25. The Hain Celestial Group has a 52 week low of $31.01 and a 52 week high of $45.61. The firm’s 50 day moving average is $42.33 and its 200-day moving average is $37.98.
The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. The business had revenue of $725.10 million for the quarter, compared to analysts’ expectations of $720.70 million. The Hain Celestial Group had a return on equity of 6.93% and a net margin of 2.36%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, equities research analysts expect 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 program on Thursday, June 22nd that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
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.
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