Sanford C. Bernstein assumed coverage on shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in a research report issued to clients and investors on Friday, The Fly reports. The firm set a “market perform” rating on the stock.

HAIN has been the topic of a number of other research reports. Wells Fargo & Company set a $42.00 price target on shares of The Hain Celestial Group and gave the company a “hold” rating in a report on Saturday, July 1st. Maxim Group restated a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a report on Tuesday, August 29th. BidaskClub upgraded shares of The Hain Celestial Group from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Vetr downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $39.79 price target on the stock. in a report on Monday, July 3rd. Finally, Barclays PLC restated a “hold” rating and set a $39.00 price target on shares of The Hain Celestial Group in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.28.

Shares of The Hain Celestial Group (HAIN) opened at 42.35 on Friday. The company’s 50-day moving average is $40.74 and its 200-day moving average is $38.70. The stock has a market capitalization of $4.39 billion, a PE ratio of 65.15 and a beta of 1.28. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $45.61.

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 net margin of 2.36% and a return on equity of 7.65%. 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. Equities research analysts expect that The Hain Celestial Group will post $1.66 earnings per share for the current fiscal year.

The Hain Celestial Group announced that its board has initiated a stock repurchase program on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently bought and sold shares of HAIN. Karp Capital Management Corp acquired a new stake in The Hain Celestial Group in the 1st quarter worth $895,000. Parametric Portfolio Associates LLC grew its position in The Hain Celestial Group by 4.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 185,076 shares of the company’s stock worth $6,885,000 after purchasing an additional 7,865 shares during the last quarter. JPMorgan Chase & Co. grew its position in The Hain Celestial Group by 226.3% in the 1st quarter. JPMorgan Chase & Co. now owns 160,979 shares of the company’s stock worth $5,987,000 after purchasing an additional 111,639 shares during the last quarter. Prudential Financial Inc. grew its position in The Hain Celestial Group by 295.6% in the 1st quarter. Prudential Financial Inc. now owns 271,070 shares of the company’s stock worth $10,083,000 after purchasing an additional 202,550 shares during the last quarter. Finally, Stifel Financial Corp grew its position in The Hain Celestial Group by 33.3% in the 1st quarter. Stifel Financial Corp now owns 21,369 shares of the company’s stock worth $792,000 after purchasing an additional 5,336 shares during the last quarter. Institutional investors own 91.97% 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.

The Fly

Analyst Recommendations for The Hain Celestial Group (NASDAQ:HAIN)

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