Hain Celestial Group Inc (HAIN) Receives $42.21 Consensus Target Price from Brokerages

Hain Celestial Group Inc (NASDAQ:HAIN) has been given an average rating of “Hold” by the twenty analysts that are currently covering the firm. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $42.38.

A number of equities analysts have issued reports on the stock. Vetr upgraded shares of Hain Celestial Group from a “buy” rating to a “strong-buy” rating and set a $44.60 target price for the company in a research report on Monday, January 30th. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Hain Celestial Group in a research report on Monday, February 13th. Zacks Investment Research lowered shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Friday, March 17th. BMO Capital Markets reissued an “outperform” rating and issued a $45.00 price objective on shares of Hain Celestial Group in a research report on Tuesday, March 7th. Finally, Susquehanna Bancshares Inc set a $45.00 price objective on shares of Hain Celestial Group and gave the company a “buy” rating in a research report on Thursday, March 9th.

Hain Celestial Group (NASDAQ:HAIN) traded down 0.16% during midday trading on Tuesday, reaching $37.70. The company’s stock had a trading volume of 236,361 shares. Hain Celestial Group has a one year low of $32.87 and a one year high of $56.99. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 18.87 and a beta of 0.97. The stock’s 50 day moving average price is $36.67 and its 200-day moving average price is $37.50.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Retirement Systems of Alabama increased its position in shares of Hain Celestial Group by 12.7% in the first quarter. Retirement Systems of Alabama now owns 419,631 shares of the company’s stock valued at $15,610,000 after buying an additional 47,162 shares during the period. Rice Hall James & Associates LLC increased its position in shares of Hain Celestial Group by 0.8% in the first quarter. Rice Hall James & Associates LLC now owns 307,376 shares of the company’s stock valued at $11,434,000 after buying an additional 2,295 shares during the period. Capital Impact Advisors LLC increased its position in shares of Hain Celestial Group by 204.4% in the first quarter. Capital Impact Advisors LLC now owns 69,270 shares of the company’s stock valued at $2,577,000 after buying an additional 46,511 shares during the period. SFE Investment Counsel increased its position in shares of Hain Celestial Group by 6.2% in the first quarter. SFE Investment Counsel now owns 24,114 shares of the company’s stock valued at $897,000 after buying an additional 1,402 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Hain Celestial Group by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the company’s stock valued at $971,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 84.35% of the company’s stock.

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Hain Celestial Group Company Profile

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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