The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 7,652,371 shares, a decrease of 13.6% from the August 15th total of 8,860,863 shares. Approximately 7.6% of the company’s stock are sold short. Based on an average trading volume of 2,162,635 shares, the days-to-cover ratio is currently 3.5 days.

Shares of The Hain Celestial Group (NASDAQ HAIN) opened at 40.66 on Friday. The firm has a market cap of $4.22 billion, a P/E ratio of 62.55 and a beta of 1.25. The Hain Celestial Group has a one year low of $31.01 and a one year high of $45.61. The firm’s 50-day moving average price is $41.95 and its 200 day moving average price is $38.14.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The Hain Celestial Group had a return on equity of 6.93% and a net margin of 2.36%. The business had revenue of $725.10 million for the quarter, compared to analysts’ expectations of $720.70 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. Analysts predict that The Hain Celestial Group will post $1.66 EPS for the current year.

The Hain Celestial Group declared that its board has authorized a stock buyback program on Thursday, June 22nd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

A number of equities analysts have weighed in on HAIN shares. Susquehanna Bancshares Inc downgraded The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research report on Tuesday, August 22nd. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of The Hain Celestial Group in a research report on Friday, June 30th. Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 price target (down previously from $62.00) on shares of The Hain Celestial Group in a research report on Monday, July 10th. BidaskClub downgraded The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada upped their price target on The Hain Celestial Group from $39.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.28.

A number of hedge funds have recently bought and sold shares of HAIN. Canada Pension Plan Investment Board boosted its position in The Hain Celestial Group by 18.0% in the first quarter. Canada Pension Plan Investment Board now owns 118,500 shares of the company’s stock worth $4,408,000 after purchasing an additional 18,100 shares during the last quarter. State Treasurer State of Michigan boosted its position in The Hain Celestial Group by 0.7% in the first quarter. State Treasurer State of Michigan now owns 42,000 shares of the company’s stock worth $1,562,000 after purchasing an additional 300 shares during the last quarter. Bank of New York Mellon Corp boosted its position in The Hain Celestial Group by 9.8% in the first quarter. Bank of New York Mellon Corp now owns 1,880,163 shares of the company’s stock worth $69,943,000 after purchasing an additional 168,466 shares during the last quarter. Swiss National Bank boosted its position in The Hain Celestial Group by 0.6% in the first quarter. Swiss National Bank now owns 171,114 shares of the company’s stock worth $6,365,000 after purchasing an additional 1,000 shares during the last quarter. Finally, World Asset Management Inc boosted its position in The Hain Celestial Group by 11.2% in the first quarter. World Asset Management Inc now owns 6,999 shares of the company’s stock worth $260,000 after purchasing an additional 705 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

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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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