The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock Rating Reaffirmed by Barclays PLC

The Hain Celestial Group, Inc. (NASDAQ:HAIN)‘s stock had its “hold” rating restated by Barclays PLC in a note issued to investors on Friday, September 1st. They presently have a $39.00 target price on the stock. Barclays PLC’s price objective indicates a potential downside of 5.50% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. UBS AG restated a “sell” rating and issued a $33.00 price target (up from $31.00) on shares of The Hain Celestial Group in a report on Thursday, August 31st. Buckingham Research increased their price target on The Hain Celestial Group from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 30th. Royal Bank Of Canada increased their price target on The Hain Celestial Group from $39.00 to $41.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 30th. Maxim Group restated a “buy” rating and issued a $50.00 price target on shares of The Hain Celestial Group in a report on Tuesday, August 29th. Finally, Susquehanna Bancshares Inc set a $45.00 price target on The Hain Celestial Group and gave the stock a “hold” rating in a report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.28.

Shares of The Hain Celestial Group (NASDAQ:HAIN) traded up 1.53% during trading on Friday, reaching $41.27. 1,151,408 shares of the company’s stock traded hands. The Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $45.61. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 63.49 and a beta of 1.25. The company has a 50 day moving average of $41.85 and a 200-day moving average of $38.19.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business 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 7.65% 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 company posted $0.43 earnings per share. Equities analysts predict that The Hain Celestial Group will post $1.66 earnings per share for the current year.

The Hain Celestial Group declared that its Board of Directors has approved a stock repurchase plan 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 plans are usually a sign that the company’s board believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank acquired a new position in The Hain Celestial Group during the second quarter valued at approximately $13,584,000. Proxima Capital Management LLC acquired a new position in The Hain Celestial Group during the second quarter valued at approximately $4,076,000. Sterling Capital Management LLC acquired a new position in The Hain Celestial Group during the second quarter valued at approximately $281,000. Kalos Management Inc. boosted its position in The Hain Celestial Group by 10.2% during the second quarter. Kalos Management Inc. now owns 11,639 shares of the company’s stock valued at $451,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in The Hain Celestial Group by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 31,557 shares of the company’s stock valued at $1,225,000 after purchasing an additional 462 shares during the last quarter. 92.29% 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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