The Hain Celestial Group, Inc. (HAIN) Given New $37.00 Price Target at Buckingham Research
The Hain Celestial Group, Inc. (NASDAQ:HAIN) had its price objective raised by investment analysts at Buckingham Research from $34.00 to $37.00 in a research note issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. Buckingham Research’s price objective would suggest a potential downside of 6.66% from the stock’s previous close.
HAIN has been the subject of a number of other research reports. Vetr cut The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $41.00 price objective for the company. in a research report on Monday, May 8th. Susquehanna Bancshares Inc set a $42.00 price objective on The Hain Celestial Group and gave the company a “buy” rating in a research report on Tuesday, June 20th. BMO Capital Markets reissued an “outperform” rating and set a $38.00 price objective (down previously from $45.00) on shares of The Hain Celestial Group in a research report on Monday, June 26th. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price objective on shares of The Hain Celestial Group in a research report on Friday, June 9th. Finally, Citigroup Inc. reissued a “buy” rating and set a $46.00 price objective (down previously from $62.00) on shares of The Hain Celestial Group in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $40.48.
Shares of The Hain Celestial Group (HAIN) traded down 1.02% during mid-day trading on Wednesday, hitting $39.64. The company had a trading volume of 2,099,196 shares. The company’s market cap is $4.11 billion. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $45.61. The firm has a 50-day moving average of $42.23 and a 200-day moving average of $37.76.
The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $725.10 million during the quarter, compared to analysts’ expectations of $720.70 million. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. The Hain Celestial Group’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. On average, analysts expect that The Hain Celestial Group will post $1.66 EPS for the current year.
The Hain Celestial Group declared that its board has approved a share repurchase program on Thursday, June 22nd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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Several institutional investors have recently bought and sold shares of HAIN. BlackRock Inc. raised its position in The Hain Celestial Group by 10,665.5% in the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock worth $317,676,000 after buying an additional 8,460,413 shares during the last quarter. Glenview Capital Management LLC acquired a new position in The Hain Celestial Group during the first quarter worth approximately $102,266,000. FMR LLC raised its position in The Hain Celestial Group by 40.0% in the first quarter. FMR LLC now owns 7,899,213 shares of the company’s stock worth $293,851,000 after buying an additional 2,258,735 shares during the last quarter. Engaged Capital LLC acquired a new position in The Hain Celestial Group during the first quarter worth approximately $70,208,000. Finally, Black Creek Investment Management Inc. acquired a new position in The Hain Celestial Group during the second quarter worth approximately $30,283,000. Institutional investors and hedge funds own 92.29% 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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