The Hain Celestial Group, Inc. (NASDAQ:HAIN) Earns Hold Rating from Analysts at Loop Capital

Loop Capital assumed coverage on shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in a report published on Monday, July 31st, Marketbeat.com reports. The firm issued a hold rating and a $46.00 price objective on the stock.

A number of other analysts have also recently issued reports on HAIN. Susquehanna Bancshares Inc set a $46.00 price objective on The Hain Celestial Group and gave the company a buy rating in a research report on Tuesday, July 18th. Maxim Group raised The Hain Celestial Group from a hold rating to a buy rating and set a $50.00 price objective for the company in a research report on Thursday, July 13th. Citigroup Inc. reaffirmed a buy rating and issued a $46.00 price objective (down from $62.00) on shares of The Hain Celestial Group in a research report on Monday, July 10th. Vetr cut The Hain Celestial Group from a buy rating to a hold rating and set a $39.79 price objective for the company. in a research report on Monday, July 10th. Finally, Wells Fargo & Company set a $42.00 price objective on The Hain Celestial Group and gave the company a hold rating in a research report on Saturday, July 1st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $41.30.

The Hain Celestial Group (HAIN) traded down 0.75% during midday trading on Monday, reaching $42.40. The company had a trading volume of 1,109,343 shares. The company’s 50-day moving average is $41.96 and its 200 day moving average is $37.69. The company’s market cap is $4.40 billion. 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 issued its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.52 by $0.19. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. The company had revenue of $706.56 million for the quarter, compared to analyst estimates of $721 million. On average, equities research analysts forecast that The Hain Celestial Group will post $1.20 EPS for the current year.

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

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc raised its position 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 period. Invictus RG bought a new position in The Hain Celestial Group during the first quarter worth approximately $174,000. Creative Planning raised its position 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 period. FormulaFolio Investments LLC bought a new position in The Hain Celestial Group during the first quarter worth approximately $200,000. Finally, Tudor Investment Corp ET AL bought a new position in The Hain Celestial Group during the first quarter worth approximately $201,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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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