Hain Celestial Group (NASDAQ:HAIN) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, February 17th.
Other research analysts have also issued reports about the company. Jefferies Group reissued a “buy” rating and issued a $52.00 price objective on shares of Hain Celestial Group in a report on Friday, November 17th. TheStreet lowered Hain Celestial Group from a “b-” rating to a “c” rating in a report on Tuesday, November 7th. Loop Capital set a $38.00 price objective on Hain Celestial Group and gave the company a “hold” rating in a report on Thursday, December 28th. Susquehanna Bancshares restated a “hold” rating and issued a $43.00 target price on shares of Hain Celestial Group in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. Hain Celestial Group has an average rating of “Hold” and a consensus price target of $41.11.
Shares of Hain Celestial Group (NASDAQ HAIN) traded down $0.19 during trading hours on Friday, reaching $35.16. The company had a trading volume of 476,666 shares, compared to its average volume of 1,260,000. Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $45.61. The firm has a market cap of $3,650.00, a price-to-earnings ratio of 49.52, a P/E/G ratio of 1.13 and a beta of 1.14. The company has a quick ratio of 1.19, a current ratio of 2.44 and a debt-to-equity ratio of 0.41.
In other news, Director Glenn W. Welling bought 1,407,543 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $34.83 per share, for a total transaction of $49,024,722.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.34% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Credit Agricole S A purchased a new position in shares of Hain Celestial Group in the fourth quarter valued at approximately $101,000. Calton & Associates Inc. purchased a new position in shares of Hain Celestial Group in the fourth quarter valued at approximately $110,000. Saratoga Research & Investment Management purchased a new position in shares of Hain Celestial Group in the third quarter valued at approximately $124,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Hain Celestial Group in the fourth quarter valued at approximately $127,000. Finally, Westside Investment Management Inc. increased its holdings in shares of Hain Celestial Group by 1,500.0% in the fourth quarter. Westside Investment Management Inc. now owns 3,200 shares of the company’s stock valued at $131,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.
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About 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.
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