Hain Celestial Group (NASDAQ:HAIN) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $25.67 and last traded at $26.09, with a volume of 40483 shares. The stock had previously closed at $25.97.
HAIN has been the topic of several recent research reports. UBS set a $28.00 target price on shares of Hain Celestial Group and gave the stock a “sell” rating in a research note on Tuesday, May 1st. BidaskClub raised shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Jefferies Group reaffirmed a “buy” rating and set a $40.00 target price on shares of Hain Celestial Group in a research note on Tuesday, April 3rd. ValuEngine cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, BMO Capital Markets lowered their target price on shares of Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $36.67.
The company has a current ratio of 2.79, a quick ratio of 1.83 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.82 and a beta of 1.13.
In related news, Director Glenn W. Welling acquired 1,407,543 shares of Hain Celestial Group stock in a transaction that occurred on Wednesday, February 28th. The shares were 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 legal filing with the SEC, which is available at the SEC website. 12.34% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of HAIN. Thrivent Financial For Lutherans raised its holdings in Hain Celestial Group by 443.9% in the 4th quarter. Thrivent Financial For Lutherans now owns 1,537,905 shares of the company’s stock valued at $65,192,000 after buying an additional 1,255,130 shares during the period. Neuberger Berman Group LLC increased its stake in Hain Celestial Group by 29.3% during the first quarter. Neuberger Berman Group LLC now owns 5,198,070 shares of the company’s stock worth $166,702,000 after purchasing an additional 1,177,335 shares during the period. Summit Trail Advisors LLC increased its stake in Hain Celestial Group by 2,341.5% during the first quarter. Summit Trail Advisors LLC now owns 616,341 shares of the company’s stock worth $616,000 after purchasing an additional 591,097 shares during the period. Carillon Tower Advisers Inc. purchased a new stake in Hain Celestial Group during the fourth quarter worth about $24,761,000. Finally, P Schoenfeld Asset Management LP purchased a new stake in Hain Celestial Group during the first quarter worth about $18,120,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.
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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