The Hain Celestial Group Inc. (NASDAQ:HAIN) – Jefferies Group cut their FY2018 earnings per share (EPS) estimates for shares of The Hain Celestial Group in a research note issued to investors on Wednesday. Jefferies Group analyst A. Jagdale now forecasts that the firm will post earnings per share of $2.16 for the year, down from their previous estimate of $2.17. Jefferies Group currently has a “Buy” rating and a $50.00 target price on the stock.

Several other research analysts have also recently weighed in on HAIN. TheStreet upgraded shares of The Hain Celestial Group to a “buy” rating in a research note on Thursday, May 26th. Vetr cut shares of The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $51.50 price target on the stock. in a research note on Thursday, June 2nd. Bank of America Corp. reiterated a “buy” rating on shares of The Hain Celestial Group in a research note on Thursday, June 9th. Zacks Investment Research upgraded shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, July 5th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of The Hain Celestial Group in a research note on Friday, July 15th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $48.02.

Shares of The Hain Celestial Group (NASDAQ:HAIN) traded up 0.89% on Thursday, reaching $35.20. 1,422,333 shares of the company traded hands. The Hain Celestial Group has a 1-year low of $33.12 and a 1-year high of $56.99. The stock has a 50-day moving average price of $40.78 and a 200 day moving average price of $44.97. The firm has a market capitalization of $3.64 billion, a P/E ratio of 17.62 and a beta of 0.89.

A number of hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC increased its stake in shares of The Hain Celestial Group by 37.5% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock worth $109,000 after buying an additional 600 shares in the last quarter. Huntington National Bank increased its stake in shares of The Hain Celestial Group by 69.4% in the second quarter. Huntington National Bank now owns 2,761 shares of the company’s stock worth $137,000 after buying an additional 1,131 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of The Hain Celestial Group during the first quarter worth about $139,000. IFP Advisors Inc increased its stake in shares of The Hain Celestial Group by 40.0% in the second quarter. IFP Advisors Inc now owns 2,983 shares of the company’s stock worth $148,000 after buying an additional 853 shares in the last quarter. Finally, Krilogy Financial LLC increased its stake in shares of The Hain Celestial Group by 36.5% in the second quarter. Krilogy Financial LLC now owns 3,550 shares of the company’s stock worth $177,000 after buying an additional 950 shares in the last quarter. 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.

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