Hain Celestial Group (NASDAQ:HAIN) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
Several other research firms have also weighed in on HAIN. Loop Capital set a $30.00 price objective on Hain Celestial Group and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. ValuEngine raised Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Wells Fargo & Co lifted their price objective on Hain Celestial Group from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, August 30th. Zacks Investment Research raised Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $45.00 price objective (up from $40.00) on shares of Hain Celestial Group in a research report on Monday, September 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. Hain Celestial Group currently has an average rating of “Hold” and a consensus price target of $30.40.
HAIN stock opened at $22.59 on Thursday. Hain Celestial Group has a 1-year low of $21.76 and a 1-year high of $43.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.32 and a quick ratio of 1.37. The stock has a market capitalization of $2.34 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09.
In other news, insider Mark L. Schiller bought 45,800 shares of Hain Celestial Group stock in a transaction dated Monday, November 12th. The stock was bought at an average cost of $22.88 per share, for a total transaction of $1,047,904.00. Following the purchase, the insider now directly owns 124,355 shares in the company, valued at approximately $2,845,242.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of HAIN. Fiduciary Management Inc. WI acquired a new stake in shares of Hain Celestial Group in the 3rd quarter valued at about $44,574,000. Darrell & King LLC grew its stake in shares of Hain Celestial Group by 1,472.6% in the 3rd quarter. Darrell & King LLC now owns 1,226,916 shares of the company’s stock valued at $33,274,000 after buying an additional 1,148,899 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Hain Celestial Group by 32.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,190,487 shares of the company’s stock valued at $86,526,000 after buying an additional 782,148 shares during the period. Janus Henderson Group PLC grew its stake in shares of Hain Celestial Group by 3,862.2% in the 3rd quarter. Janus Henderson Group PLC now owns 738,747 shares of the company’s stock valued at $20,035,000 after buying an additional 720,102 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Hain Celestial Group by 28.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock valued at $80,460,000 after buying an additional 600,000 shares during the period. Institutional investors own 93.18% of the company’s stock.
Hain Celestial Group Company Profile
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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