The Hain Celestial Group, Inc. (NASDAQ:HAIN) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.

Several other analysts also recently commented on HAIN. Susquehanna Bancshares Inc set a $45.00 price target on shares of The Hain Celestial Group and gave the company a “buy” rating in a research report on Saturday, May 13th. UBS AG reiterated a “sell” rating and issued a $31.00 price target (down previously from $33.00) on shares of The Hain Celestial Group in a research report on Sunday, June 25th. 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 research report on Saturday, July 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price target on shares of The Hain Celestial Group in a research report on Friday, June 9th. Finally, Loop Capital began coverage on shares of The Hain Celestial Group in a research report on Monday, July 31st. They issued a “hold” rating and a $46.00 price target for the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.44.

Shares of The Hain Celestial Group (HAIN) opened at 43.05 on Wednesday. The firm’s market cap is $4.46 billion. The stock has a 50 day moving average of $39.26 and a 200-day moving average of $37.48. The Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $56.99.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.52 by $0.19. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. The business had revenue of $706.56 million during the quarter, compared to analysts’ expectations of $721 million. Equities analysts anticipate that The Hain Celestial Group will post $1.20 EPS for the current fiscal year.

The Hain Celestial Group declared that its board has authorized a share buyback program on Thursday, June 22nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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Several institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in The Hain Celestial Group by 50.6% in the first quarter. IFP Advisors Inc now owns 3,209 shares of the company’s stock worth $119,000 after buying an additional 1,078 shares during the period. Invictus RG acquired a new stake in shares of The Hain Celestial Group during the first quarter worth approximately $174,000. Creative Planning boosted its stake in shares of The Hain Celestial Group by 14.0% in the first quarter. Creative Planning now owns 4,852 shares of the company’s stock worth $180,000 after buying an additional 597 shares during the last quarter. FormulaFolio Investments LLC acquired a new stake in shares of The Hain Celestial Group during the first quarter worth approximately $200,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of The Hain Celestial Group during the first quarter worth approximately $201,000. 85.96% of the stock is currently owned by institutional investors and hedge funds.

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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