Shares of Hain Celestial Group (NASDAQ:HAIN) have earned an average recommendation of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $39.48.
HAIN has been the subject of a number of recent research reports. BidaskClub cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 23rd. Zacks Investment Research upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Loop Capital set a $38.00 target price on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Thursday, December 28th. Susquehanna Bancshares reiterated a “hold” rating and issued a $43.00 target price on shares of Hain Celestial Group in a research report on Tuesday, January 23rd. Finally, Jefferies Group reiterated a “buy” rating and issued a $40.00 target price on shares of Hain Celestial Group in a research report on Tuesday, April 3rd.
Shares of NASDAQ HAIN traded down $0.68 during mid-day trading on Wednesday, reaching $29.69. The company’s stock had a trading volume of 1,075,384 shares, compared to its average volume of 1,193,936. The stock has a market capitalization of $3,155.99, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 1.19, a current ratio of 2.44 and a debt-to-equity ratio of 0.41. Hain Celestial Group has a 1-year low of $29.64 and a 1-year high of $45.61.
In other news, Director Glenn W. Welling acquired 1,407,543 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $34.83 per share, for a total transaction of $49,024,722.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.34% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in HAIN. Legal & General Group Plc boosted its stake in Hain Celestial Group by 11.7% during the third quarter. Legal & General Group Plc now owns 121,043 shares of the company’s stock worth $4,982,000 after buying an additional 12,680 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Hain Celestial Group by 10.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 455,205 shares of the company’s stock worth $18,732,000 after buying an additional 42,972 shares during the period. Stifel Financial Corp boosted its stake in Hain Celestial Group by 12.3% during the third quarter. Stifel Financial Corp now owns 25,881 shares of the company’s stock worth $1,063,000 after buying an additional 2,843 shares during the period. Janus Henderson Group PLC boosted its stake in Hain Celestial Group by 130.8% during the third quarter. Janus Henderson Group PLC now owns 21,404 shares of the company’s stock worth $881,000 after buying an additional 12,130 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Hain Celestial Group by 7.8% during the third quarter. California Public Employees Retirement System now owns 183,741 shares of the company’s stock worth $7,561,000 after buying an additional 13,341 shares during the period. 91.29% of the stock is owned by institutional investors.
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About Hain Celestial Group
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.
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