UPDATE: Piper Jaffray Lowers PT on Hain Celestial Group from $32 to $31

Piper Jaffray has published a research report on Hain Celestial Group

. In the report, Piper Jaffray wrote, "HAIN announced FQ4 earnings yesterday morning, beating our EPS estimate of $0.32/share by $0.03. The upside to our model was primarily driven by much better than expected top line trends, offset slightly by lower margins than we were anticipating. That said, op margins were up an impressive 160bps year-over-year." Piper Jaffray rated Hain Celestial Group a Neutral with a price target lowered from $32.00 to $31.00. Hain Celestial closed Tuesday at $30.86.