Hain Celestial Group (NASDAQ:HAIN) has been assigned a $38.00 price target by investment analysts at Loop Capital in a report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Loop Capital’s price objective suggests a potential downside of 10.40% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Susquehanna Bancshares reiterated a “hold” rating and issued a $45.00 target price on shares of Hain Celestial Group in a research note on Thursday, September 14th. Buckingham Research lifted their target price on shares of Hain Celestial Group from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 30th. Royal Bank of Canada lifted their target price on shares of Hain Celestial Group from $39.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 30th. Barclays restated a “hold” rating and issued a $39.00 price objective on shares of Hain Celestial Group in a research report on Friday, September 1st. Finally, Jefferies Group restated a “buy” rating and issued a $52.00 price objective on shares of Hain Celestial Group in a research report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $41.31.
Hain Celestial Group (HAIN) traded up $0.07 during trading hours on Thursday, hitting $42.41. 687,300 shares of the stock were exchanged, compared to its average volume of 1,737,176. Hain Celestial Group has a 52 week low of $31.01 and a 52 week high of $45.61. The company has a quick ratio of 1.22, a current ratio of 2.50 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $4,394.54, a PE ratio of 56.55, a P/E/G ratio of 1.82 and a beta of 1.26.
In other Hain Celestial Group news, SVP Michael B. Mcguinness bought 3,500 shares of the stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $34.58 per share, with a total value of $121,030.00. Following the acquisition, the senior vice president now owns 55,131 shares of the company’s stock, valued at $1,906,429.98. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Irwin D. Simon bought 50,000 shares of the stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $34.14 per share, with a total value of $1,707,000.00. Following the acquisition, the chief executive officer now directly owns 1,695,014 shares in the company, valued at approximately $57,867,777.96. The disclosure for this purchase can be found here. Insiders purchased a total of 68,500 shares of company stock valued at $2,352,730 in the last 90 days. 12.34% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAIN. Saratoga Research & Investment Management acquired a new stake in Hain Celestial Group during the 3rd quarter worth $124,000. Miles Capital Inc. acquired a new stake in Hain Celestial Group during the 2nd quarter worth $201,000. First National Trust Co. acquired a new stake in Hain Celestial Group during the 3rd quarter worth $201,000. Oakbrook Investments LLC acquired a new stake in Hain Celestial Group during the 3rd quarter worth $202,000. Finally, GSA Capital Partners LLP acquired a new stake in Hain Celestial Group during the 3rd quarter worth $228,000. 89.95% of the stock is owned by hedge funds and other institutional investors.
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About Hain Celestial Group
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.
