The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Free Report) has been assigned an average rating of “Reduce” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $1.0620.
A number of research analysts recently commented on HAIN shares. Weiss Ratings raised shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Jefferies Financial Group decreased their target price on shares of The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating for the company in a research note on Tuesday, July 7th.
Check Out Our Latest Report on HAIN
The Hain Celestial Group Price Performance
Institutional Trading of The Hain Celestial Group
Several hedge funds and other institutional investors have recently modified their holdings of the company. Coldstream Capital Management Inc. acquired a new stake in The Hain Celestial Group during the third quarter valued at $29,000. Thrivent Financial for Lutherans increased its position in The Hain Celestial Group by 104.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock worth $32,000 after purchasing an additional 11,000 shares during the last quarter. Voleon Capital Management LP acquired a new position in The Hain Celestial Group in the 3rd quarter worth about $43,000. Mariner LLC increased its position in The Hain Celestial Group by 98.0% in the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock worth $32,000 after purchasing an additional 14,895 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of The Hain Celestial Group during the 4th quarter worth about $36,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
The Hain Celestial Group Company Profile
The Hain Celestial Group, Inc (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.
Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth’s Best organic baby foods, Rudi’s organic bakery items, Terra vegetable chips and Sensible Portions snacks.
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