The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 9,322,523 shares, a decrease of 12.2% from the July 14th total of 10,613,928 shares. Based on an average trading volume of 2,089,600 shares, the days-to-cover ratio is presently 4.5 days. Currently, 9.2% of the company’s stock are sold short.

Shares of The Hain Celestial Group (HAIN) opened at 43.34 on Friday. The Hain Celestial Group has a 12-month low of $31.01 and a 12-month high of $55.62. The firm’s market cap is $4.49 billion. The company has a 50 day moving average of $40.70 and a 200-day moving average of $37.58.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.19. The company had revenue of $706.56 million during the quarter, compared to the consensus estimate of $721 million. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. Equities research 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 approved a share repurchase plan on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Several hedge funds have recently made changes to their positions in HAIN. Virtu KCG Holdings LLC bought a new stake in shares of The Hain Celestial Group during the second quarter worth approximately $241,000. Renaissance Technologies LLC boosted its stake in shares of The Hain Celestial Group by 10.4% in the second quarter. Renaissance Technologies LLC now owns 824,522 shares of the company’s stock worth $32,008,000 after buying an additional 77,900 shares during the period. Lumina Fund Management LLC boosted its stake in shares of The Hain Celestial Group by 54.3% in the second quarter. Lumina Fund Management LLC now owns 123,600 shares of the company’s stock worth $4,798,000 after buying an additional 43,500 shares during the period. Sapience Investments LLC boosted its stake in shares of The Hain Celestial Group by 36.6% in the second quarter. Sapience Investments LLC now owns 258,320 shares of the company’s stock worth $10,028,000 after buying an additional 69,210 shares during the period. Finally, Bluestein R H & Co. boosted its stake in shares of The Hain Celestial Group by 142.9% in the second quarter. Bluestein R H & Co. now owns 17,000 shares of the company’s stock worth $660,000 after buying an additional 10,000 shares during the period. 85.96% of the stock is owned by institutional investors.

A number of research firms have commented on HAIN. BidaskClub downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Loop Capital began coverage on shares of The Hain Celestial Group in a research note on Monday, July 31st. They set a “hold” rating and a $46.00 price objective on the stock. Susquehanna Bancshares Inc set a $46.00 price objective on shares of The Hain Celestial Group and gave the company a “buy” rating in a research note on Tuesday, July 18th. Maxim Group upgraded shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Thursday, July 13th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $46.00 price objective (down from $62.00) on shares of The Hain Celestial Group in a research note on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.44.

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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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