BMO Capital Markets lowered shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) from an outperform rating to a market perform rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has $44.00 price target on the stock, down from their previous price target of $48.00.

A number of other brokerages have also issued reports on HAIN. Wells Fargo & Company reissued a market perform rating and set a $42.00 price target on shares of The Hain Celestial Group in a research note on Saturday, September 30th. Susquehanna Bancshares Inc lowered 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 set a $46.00 price target (down from $62.00) on shares of The Hain Celestial Group in a research note on Monday, July 10th. Finally, BidaskClub lowered The Hain Celestial Group from a buy rating to a hold rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $42.13.

Shares of The Hain Celestial Group (NASDAQ HAIN) traded down 1.11% during trading on Thursday, hitting $37.52. The company had a trading volume of 2,099,238 shares. The stock’s 50-day moving average price is $40.63 and its 200 day moving average price is $38.97. The Hain Celestial Group has a 52 week low of $31.01 and a 52 week high of $45.61. The company has a market capitalization of $3.92 billion, a P/E ratio of 57.72 and a beta of 1.28.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The Hain Celestial Group had a return on equity of 7.65% and a net margin of 2.36%. The firm had revenue of $725.10 million during the quarter, compared to analyst estimates of $720.70 million. During the same period last year, the company earned $0.43 EPS. The Hain Celestial Group’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts forecast that The Hain Celestial Group will post $1.66 earnings per share for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SLS Management LLC raised its position in shares of The Hain Celestial Group by 137.1% in the 2nd quarter. SLS Management LLC now owns 140,420 shares of the company’s stock worth $5,451,000 after acquiring an additional 81,200 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of The Hain Celestial Group by 5.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 353,169 shares of the company’s stock worth $13,138,000 after acquiring an additional 18,603 shares in the last quarter. Engaged Capital LLC bought a new position in shares of The Hain Celestial Group in the 1st quarter worth $70,208,000. Bluestein R H & Co. raised its position in shares of The Hain Celestial Group by 142.9% in the 2nd quarter. Bluestein R H & Co. now owns 17,000 shares of the company’s stock worth $660,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of The Hain Celestial Group in the 2nd quarter worth $3,872,000. 91.98% of the stock is 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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