Several other analysts have also recently weighed in on HAIN. SunTrust Banks raised their price target on Hain Celestial Group to $20.00 and gave the company a hold rating in a report on Friday, May 10th. Wolfe Research lowered Hain Celestial Group from an outperform rating to a peer perform rating in a research report on Friday, May 17th. Maxim Group reiterated a buy rating and set a $28.00 price objective (up from $25.00) on shares of Hain Celestial Group in a research report on Friday, May 10th. Evercore ISI began coverage on Hain Celestial Group in a research report on Tuesday, June 11th. They set an in-line rating and a $22.00 price objective on the stock. Finally, Zacks Investment Research lowered Hain Celestial Group from a hold rating to a sell rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Hain Celestial Group currently has a consensus rating of Hold and a consensus target price of $23.75.
NASDAQ:HAIN opened at $21.63 on Friday. The firm has a 50-day simple moving average of $21.27. Hain Celestial Group has a twelve month low of $14.45 and a twelve month high of $30.42. The stock has a market cap of $2.31 billion, a PE ratio of 18.65, a P/E/G ratio of 13.55 and a beta of 1.37. The company has a current ratio of 2.16, a quick ratio of 1.22 and a debt-to-equity ratio of 0.47.
In related news, insider Engaged Capital Co-Invest Vi-D purchased 667,198 shares of Hain Celestial Group stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $23.33 per share, for a total transaction of $15,565,729.34. Following the transaction, the insider now directly owns 21,577 shares in the company, valued at $503,391.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Glenn W. Welling purchased 1,995,291 shares of Hain Celestial Group stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average price of $23.73 per share, for a total transaction of $47,348,255.43. Following the completion of the transaction, the director now owns 21,577 shares in the company, valued at $512,022.21. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 6,871,608 shares of company stock worth $161,995,807. 13.50% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of HAIN. Huntington National Bank grew its position in shares of Hain Celestial Group by 237.8% in the 2nd quarter. Huntington National Bank now owns 1,162 shares of the company’s stock worth $25,000 after buying an additional 818 shares during the last quarter. Carroll Financial Associates Inc. grew its position in shares of Hain Celestial Group by 640.0% in the 1st quarter. Carroll Financial Associates Inc. now owns 1,184 shares of the company’s stock worth $27,000 after buying an additional 1,024 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Hain Celestial Group in the 4th quarter worth approximately $44,000. Truvestments Capital LLC bought a new stake in shares of Hain Celestial Group in the 1st quarter worth approximately $74,000. Finally, Parallel Advisors LLC bought a new stake in shares of Hain Celestial Group in the 2nd quarter worth approximately $88,000. Institutional investors and hedge funds own 96.43% of the company’s stock.
About Hain Celestial Group
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; 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; yogurts; chilies; chocolates; and nut butters.
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