The Hain Celestial Group Inc. (HAIN) Short Interest Down 16.4% in September
The Hain Celestial Group Inc. (NASDAQ:HAIN) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 8,180,839 shares, a decrease of 16.4% from the September 15th total of 9,781,802 shares. Based on an average trading volume of 1,892,135 shares, the short-interest ratio is presently 4.3 days. Approximately 8.1% of the shares of the stock are short sold.
A number of research firms recently weighed in on HAIN. JPMorgan Chase & Co. lowered their price target on The Hain Celestial Group from $49.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, August 16th. TheStreet cut The Hain Celestial Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. Barclays PLC cut The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $51.00 to $43.00 in a report on Tuesday, August 16th. Sanford C. Bernstein restated an “outperform” rating on shares of The Hain Celestial Group in a report on Tuesday, August 16th. Finally, Jefferies Group restated a “buy” rating and issued a $50.00 price target on shares of The Hain Celestial Group in a report on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.02.
Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 35.32 on Friday. The firm has a market cap of $3.65 billion, a PE ratio of 17.68 and a beta of 0.93. The Hain Celestial Group has a 1-year low of $33.12 and a 1-year high of $56.99. The stock’s 50 day moving average is $35.69 and its 200-day moving average is $44.33.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. Monarch Partners Asset Management LLC acquired a new stake in shares of The Hain Celestial Group during the second quarter worth approximately $14,162,000. Rice Hall James & Associates LLC raised its stake in The Hain Celestial Group by 1.4% in the second quarter. Rice Hall James & Associates LLC now owns 224,843 shares of the company’s stock valued at $11,186,000 after buying an additional 3,187 shares during the last quarter. State Street Corp raised its stake in The Hain Celestial Group by 1.6% in the first quarter. State Street Corp now owns 2,675,273 shares of the company’s stock valued at $109,439,000 after buying an additional 41,328 shares during the last quarter. PGGM Investments raised its stake in The Hain Celestial Group by 230.2% in the second quarter. PGGM Investments now owns 695,589 shares of the company’s stock valued at $34,606,000 after buying an additional 484,923 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in The Hain Celestial Group by 0.5% in the second quarter. Douglas Lane & Associates LLC now owns 492,853 shares of the company’s stock valued at $24,519,000 after buying an additional 2,372 shares during the last quarter. Institutional investors own 83.76% of the company’s stock.
The Hain Celestial Group Company Profile
The Hain Celestial Group, Inc manufactures, markets, distributes and sells organic and natural products under brand names, which are sold as better-for-you products. The Company operates in five segments: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. The Company’s brands include Almond Dream, Arrowhead Mills, BluePrint, Celestial Seasonings, Cully & Sully, Danival, DeBoles, Earth’s Best, Ella’s Kitchen, Europe’s Best, Farmhouse Fare, Frank Cooper’s, Gale’s, Garden of Eatin’, GG UniqueFiber, Hartley’s, Health Valley, Imagine, Johnson’s Juice Co, Lima, Linda McCartney, MaraNatha, New Covent Garden Soup Co, Rice Dream, Robertson’s, Rudi’s Organic Bakery, Rudi’s Gluten-Free Bakery, Sensible Portions, Spectrum, Spectrum Essentials and Soy Dream, among others.
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