The Hain Celestial Group, Inc. (HAIN) Given “Sell” Rating at UBS AG
The Hain Celestial Group, Inc. (NASDAQ:HAIN)‘s stock had its “sell” rating restated by research analysts at UBS AG in a report issued on Thursday, www.flashratings.com reports. They currently have a $33.00 target price on the stock, up from their prior target price of $31.00. UBS AG’s price target points to a potential downside of 17.95% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Susquehanna Bancshares Inc set a $44.00 price target on shares of The Hain Celestial Group and gave the company a “buy” rating in a report on Friday, May 19th. Vetr downgraded shares of The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $42.02 price target on the stock. in a report on Monday, May 15th. Finally, Jefferies Group LLC restated a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $40.62.
Shares of The Hain Celestial Group (NASDAQ HAIN) traded up 1.46% during mid-day trading on Thursday, reaching $40.22. The company had a trading volume of 1,792,931 shares. The stock has a market capitalization of $4.17 billion, a P/E ratio of 61.88 and a beta of 1.28. The Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61. The company’s 50-day moving average is $42.23 and its 200 day moving average is $37.76.
The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $725.10 million for the quarter, compared to the consensus estimate of $720.70 million. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. The Hain Celestial Group’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. Analysts anticipate that The Hain Celestial Group will post $1.66 EPS for the current fiscal year.
The Hain Celestial Group declared that its board has initiated a stock repurchase 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 believes its stock is undervalued.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased 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 valued at $119,000 after buying an additional 1,078 shares during the last quarter. Invictus RG bought a new position in The Hain Celestial Group during the first quarter valued at about $174,000. Creative Planning increased 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 valued at $180,000 after buying an additional 597 shares during the last quarter. Miles Capital Inc. bought a new position in The Hain Celestial Group during the second quarter valued at about $201,000. Finally, FormulaFolio Investments LLC bought a new position in The Hain Celestial Group during the first quarter valued at about $200,000. Institutional investors own 92.29% of the company’s stock.
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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