The Hain Celestial Group Inc. (NASDAQ:HAIN) dropped 1.7% during mid-day trading on Tuesday . The stock traded as low as $51.05 and last traded at $51.43, with a volume of 712,008 shares trading hands. The stock had previously closed at $52.32.

Several equities research analysts recently weighed in on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $44.00 target price on shares of The Hain Celestial Group in a research note on Friday, March 18th. Atlantic Securities assumed coverage on shares of The Hain Celestial Group in a research note on Thursday, April 7th. They issued a “neutral” rating and a $48.00 target price for the company. Zacks Investment Research cut shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $38.00 target price on shares of The Hain Celestial Group in a research note on Tuesday, April 12th. Finally, Jefferies Group reiterated a “buy” rating and issued a $50.00 target price on shares of The Hain Celestial Group in a research note on Wednesday, April 27th. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $53.11.

The firm has a 50-day moving average price of $49.68 and a 200 day moving average price of $42.48. The stock has a market cap of $5.46 billion and a P/E ratio of 26.43.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.49. During the same period last year, the company posted $0.45 EPS. The firm had revenue of $750 million for the quarter, compared to the consensus estimate of $733.17 million. The business’s revenue was up 13.1% on a year-over-year basis. Equities analysts anticipate that The Hain Celestial Group Inc. will post $2.03 EPS for the current year.

Other hedge funds have recently modified their holdings of the company. Jennison Associates LLC increased its stake in shares of The Hain Celestial Group by 34.3% in the fourth quarter. Jennison Associates LLC now owns 5,569,925 shares of the company’s stock worth $224,969,000 after buying an additional 1,422,388 shares during the period. Tradition Capital Management LLC increased its stake in shares of The Hain Celestial Group by 531.4% in the fourth quarter. Tradition Capital Management LLC now owns 26,520 shares of the company’s stock worth $1,071,000 after buying an additional 22,320 shares during the period. Sandhill Capital Partners LLC purchased a new stake in shares of The Hain Celestial Group during the fourth quarter worth $14,195,000. State of New Jersey Common Pension Fund D increased its stake in shares of The Hain Celestial Group by 50.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the company’s stock worth $60,585,000 after buying an additional 500,000 shares during the period. Finally, Condor Capital Management purchased a new stake in shares of The Hain Celestial Group during the fourth quarter worth $1,015,000.

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.

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