Maxim Group upgraded shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) from a hold rating to a buy rating in a research note issued to investors on Thursday, July 13th, MarketBeat Ratings reports. Maxim Group currently has $50.00 target price on the stock.
HAIN has been the subject of several other reports. Citigroup Inc. restated a buy rating and issued a $46.00 price target (down from $62.00) on shares of The Hain Celestial Group in a research report on Monday, July 10th. Vetr lowered shares of The Hain Celestial Group from a buy rating to a hold rating and set a $39.79 price objective on the stock. in a research note on Monday, July 10th. Wells Fargo & Company set a $42.00 price objective on shares of The Hain Celestial Group and gave the company a hold rating in a research note on Saturday, July 1st. J P Morgan Chase & Co reaffirmed a neutral rating on shares of The Hain Celestial Group in a research note on Friday, June 30th. Finally, Jefferies Group LLC reissued a buy rating and set a $50.00 target price on shares of The Hain Celestial Group in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $41.44.
Shares of The Hain Celestial Group (NASDAQ HAIN) traded up 0.84% during mid-day trading on Thursday, hitting $43.34. The stock had a trading volume of 612,451 shares. The company’s market cap is $4.49 billion. The firm’s 50 day moving average price is $40.70 and its 200-day moving average price is $37.58. The Hain Celestial Group has a one year low of $31.01 and a one year high of $55.62.
The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, June 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.19. The company had revenue of $706.56 million for the quarter, compared to analyst estimates of $721 million. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. On average, equities research analysts anticipate that The Hain Celestial Group will post $1.20 earnings per share for the current fiscal year.
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The Hain Celestial Group declared that its Board of Directors has initiated a share buyback plan on Thursday, June 22nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Several hedge funds have recently made changes to their positions in HAIN. IFP Advisors Inc boosted its stake in shares of 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 acquired a new stake in shares of The Hain Celestial Group during the first quarter worth approximately $174,000. Creative Planning boosted its stake in shares of 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 acquired a new stake in shares of The Hain Celestial Group during the first quarter worth approximately $200,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of The Hain Celestial Group during the first quarter worth about $201,000. Hedge funds and other institutional investors own 85.96% 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.
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