The Hain Celestial Group Inc. (NASDAQ:HAIN) – Analysts at Jefferies Group raised their Q1 2018 earnings estimates for The Hain Celestial Group in a report released on Wednesday. Jefferies Group analyst A. Jagdale now anticipates that the brokerage will earn $0.43 per share for the quarter, up from their prior forecast of $0.42. Jefferies Group currently has a “Buy” rating and a $50.00 target price on the stock.
A number of other research firms also recently commented on HAIN. Vetr downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $51.50 target price for the company. in a research report on Thursday, June 2nd. Oppenheimer Holdings Inc. cut their target price on shares of The Hain Celestial Group from $52.00 to $45.00 and set a “market perform” rating for the company in a research report on Tuesday, August 16th. They noted that the move was a valuation call. SunTrust Banks Inc. downgraded shares of The Hain Celestial Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $40.00 in a research report on Tuesday, August 16th. Maxim Group downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Finally, Buckingham Research cut their target price on shares of The Hain Celestial Group from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, August 26th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $48.02.
The Hain Celestial Group (NASDAQ:HAIN) opened at 34.98 on Friday. The company has a market cap of $3.62 billion, a PE ratio of 17.51 and a beta of 0.89. The stock has a 50 day moving average of $39.82 and a 200 day moving average of $44.87. The Hain Celestial Group has a 12-month low of $33.12 and a 12-month high of $56.99.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in The Hain Celestial Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 7,204,758 shares of the company’s stock worth $358,437,000 after buying an additional 142,409 shares during the period. FMR LLC increased its stake in The Hain Celestial Group by 1.1% in the second quarter. FMR LLC now owns 3,826,579 shares of the company’s stock worth $190,372,000 after buying an additional 41,799 shares during the period. BlackRock Fund Advisors increased its stake in The Hain Celestial Group by 4.8% in the second quarter. BlackRock Fund Advisors now owns 3,616,192 shares of the company’s stock worth $179,906,000 after buying an additional 166,570 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in The Hain Celestial Group by 2.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,052,450 shares of the company’s stock worth $151,859,000 after buying an additional 86,382 shares during the period. Finally, State Street Corp increased its stake in The Hain Celestial Group by 0.8% in the second quarter. State Street Corp now owns 2,696,287 shares of the company’s stock worth $134,142,000 after buying an additional 21,014 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.
About The Hain Celestial Group
The Hain Celestial Group, Inc manufactures, markets, distributes and sells organic and natural products under brand names, which are sold as better-for-you products. The Company operates in five segments: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. The Company’s brands include Almond Dream, Arrowhead Mills, BluePrint, Celestial Seasonings, Cully & Sully, Danival, DeBoles, Earth’s Best, Ella’s Kitchen, Europe’s Best, Farmhouse Fare, Frank Cooper’s, Gale’s, Garden of Eatin’, GG UniqueFiber, Hartley’s, Health Valley, Imagine, Johnson’s Juice Co, Lima, Linda McCartney, MaraNatha, New Covent Garden Soup Co, Rice Dream, Robertson’s, Rudi’s Organic Bakery, Rudi’s Gluten-Free Bakery, Sensible Portions, Spectrum, Spectrum Essentials and Soy Dream, among others.