The Hain Celestial Group, Inc. (HAIN) Now Covered by Sanford C. Bernstein

Equities researchers at Sanford C. Bernstein initiated coverage on shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in a research report issued to clients and investors on Friday. The brokerage set a “market perform” rating and a $45.00 price target on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 7.27% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Susquehanna Bancshares Inc set a $42.00 price target on The Hain Celestial Group and gave the company a “buy” rating in a report on Tuesday, June 20th. Jefferies Group LLC reiterated a “buy” rating on shares of The Hain Celestial Group in a report on Friday, June 16th. Vetr downgraded The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $37.69 price target on the stock. in a report on Tuesday, June 27th. Citigroup Inc. reiterated a “buy” rating and set a $46.00 price target (down previously from $62.00) on shares of The Hain Celestial Group in a report on Monday, July 10th. Finally, Maxim Group upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.52.

The Hain Celestial Group (NASDAQ HAIN) opened at 41.95 on Friday. The firm has a market capitalization of $4.35 billion, a PE ratio of 64.54 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 firm’s 50-day moving average is $40.72 and its 200-day moving average is $38.73.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The Hain Celestial Group had a return on equity of 7.65% and a net margin of 2.36%. The company had revenue of $725.10 million for the quarter, compared to the consensus estimate of $720.70 million. During the same quarter last year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that The Hain Celestial Group will post $1.66 EPS for the current year.

The Hain Celestial Group declared that its Board of Directors has approved a stock repurchase program on Thursday, June 22nd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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A number of hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas lifted its position in The Hain Celestial Group by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 8,233 shares of the company’s stock worth $320,000 after purchasing an additional 25 shares during the period. New Amsterdam Partners LLC NY lifted its position in The Hain Celestial Group by 0.8% in the second quarter. New Amsterdam Partners LLC NY now owns 8,581 shares of the company’s stock worth $333,000 after purchasing an additional 68 shares during the period. Utah Retirement Systems lifted its position in The Hain Celestial Group by 0.5% in the second quarter. Utah Retirement Systems now owns 18,600 shares of the company’s stock worth $722,000 after purchasing an additional 100 shares during the period. Goelzer Investment Management Inc. lifted its position in The Hain Celestial Group by 0.5% in the second quarter. Goelzer Investment Management Inc. now owns 50,594 shares of the company’s stock worth $1,964,000 after purchasing an additional 260 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in The Hain Celestial Group by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 49,254 shares of the company’s stock worth $1,832,000 after purchasing an additional 275 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

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.

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

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