Shares of Hain Celestial Group Inc (NASDAQ:HAIN) rose 5.8% during trading on Monday . The stock traded as high as $17.05 and last traded at $16.84. Approximately 4,386,665 shares changed hands during trading, an increase of 118% from the average daily volume of 2,014,467 shares. The stock had previously closed at $15.91.
HAIN has been the topic of several research analyst reports. BidaskClub upgraded Hain Celestial Group from a “strong sell” rating to a “sell” rating in a report on Friday, January 4th. Piper Jaffray Companies decreased their target price on Hain Celestial Group to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 11th. Wells Fargo & Co set a $42.00 target price on Hain Celestial Group and gave the stock a “hold” rating in a report on Thursday, December 20th. Maxim Group restated a “buy” rating and set a $36.00 target price on shares of Hain Celestial Group in a report on Monday, December 17th. Finally, ValuEngine cut Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.64.
The company has a quick ratio of 1.25, a current ratio of 2.17 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.88 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 12.24 and a beta of 1.38.
Institutional investors and hedge funds have recently modified their holdings of the company. Trexquant Investment LP acquired a new position in shares of Hain Celestial Group during the third quarter valued at $2,730,000. Baird Financial Group Inc. acquired a new position in Hain Celestial Group in the third quarter valued at about $4,010,000. Lido Advisors LLC acquired a new position in Hain Celestial Group in the third quarter valued at about $243,000. Shufro Rose & Co. LLC lifted its stake in Hain Celestial Group by 27.0% in the third quarter. Shufro Rose & Co. LLC now owns 17,390 shares of the company’s stock valued at $472,000 after buying an additional 3,700 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Hain Celestial Group in the third quarter valued at about $151,000. 91.91% of the stock is currently owned by institutional investors and hedge funds.
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About Hain Celestial Group (NASDAQ:HAIN)
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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