The Hain Celestial Group, Inc. (NASDAQ:HAIN) saw a large growth in short interest in the month of July. As of July 14th, there was short interest totalling 10,613,928 shares, a growth of 17.3% from the June 30th total of 9,049,135 shares. Approximately 10.5% of the shares of the company are sold short. Based on an average daily volume of 2,222,179 shares, the short-interest ratio is presently 4.8 days.

The Hain Celestial Group (HAIN) opened at 43.95 on Thursday. The company’s 50 day moving average price is $37.49 and its 200-day moving average price is $37.23. The company’s market cap is $4.56 billion. The Hain Celestial Group has a one year low of $31.01 and a one year high of $56.99.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results 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 Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. The business had revenue of $706.56 million for the quarter, compared to the consensus estimate of $721 million. On average, analysts forecast that The Hain Celestial Group will post $1.20 EPS for the current fiscal year.

The Hain Celestial Group announced that its Board of Directors has authorized a share buyback plan 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. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

A number of large investors have recently modified their holdings of the stock. SFE Investment Counsel raised its stake in shares of The Hain Celestial Group by 6.2% in the first quarter. SFE Investment Counsel now owns 24,114 shares of the company’s stock worth $897,000 after buying an additional 1,402 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of The Hain Celestial Group by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the company’s stock worth $971,000 after buying an additional 500 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of The Hain Celestial Group during the first quarter worth $205,000. Skylands Capital LLC purchased a new stake in shares of The Hain Celestial Group during the first quarter worth $372,000. Finally, Atria Investments LLC raised its stake in shares of The Hain Celestial Group by 10.2% in the first quarter. Atria Investments LLC now owns 7,879 shares of the company’s stock worth $293,000 after buying an additional 730 shares during the period. 86.70% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on HAIN shares. Vetr upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating and set a $36.42 price objective on the stock in a research note on Monday, April 3rd. Jefferies Group LLC restated a “buy” rating and issued a $50.00 price objective on shares of The Hain Celestial Group in a research note on Friday, May 12th. Susquehanna Bancshares Inc set a $45.00 price objective on The Hain Celestial Group and gave the company a “buy” rating in a research note on Saturday, May 13th. Zacks Investment Research upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of The Hain Celestial Group in a research note on Wednesday, May 17th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.21.

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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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