The Hain Celestial Group Inc. (NASDAQ:HAIN) shot up 4.1% during mid-day trading on Friday . The stock traded as high as $54.44 and last traded at $54.29, with a volume of 2,939,871 shares. The stock had previously closed at $52.13.

Several research firms recently issued reports on HAIN. Jefferies Group reiterated a “buy” rating and issued a $50.00 price objective on shares of The Hain Celestial Group in a report on Thursday, May 5th. Royal Bank Of Canada reissued a “hold” rating and issued a $44.00 target price (up from $42.00) on shares of The Hain Celestial Group in a research note on Tuesday, May 3rd. TheStreet raised shares of The Hain Celestial Group to a “buy” rating in a research note on Thursday, May 26th. Vetr lowered shares of The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $51.50 target price on the stock. in a research note on Thursday, June 2nd. Finally, Canaccord Genuity reissued a “neutral” rating on shares of The Hain Celestial Group in a research note on Sunday, April 17th. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.11.

The firm has a market capitalization of $5.73 billion and a price-to-earnings ratio of 27.70. The company has a 50-day moving average of $51.24 and a 200-day moving average of $44.68.

Several hedge funds have added to or reduced their stakes in the stock. Airain ltd raised its stake in The Hain Celestial Group by 49.3% in the fourth quarter. Airain ltd now owns 84,750 shares of the company’s stock valued at $3,423,000 after buying an additional 27,973 shares in the last quarter. Autus Asset Management LLC raised its stake in The Hain Celestial Group by 79.4% in the fourth quarter. Autus Asset Management LLC now owns 95,507 shares of the company’s stock valued at $3,857,000 after buying an additional 42,256 shares in the last quarter. Principal Financial Group Inc. raised its stake in The Hain Celestial Group by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 329,201 shares of the company’s stock valued at $13,296,000 after buying an additional 10,254 shares in the last quarter. Bank of Montreal Can raised its stake in The Hain Celestial Group by 69.4% in the fourth quarter. Bank of Montreal Can now owns 381,950 shares of the company’s stock valued at $15,427,000 after buying an additional 156,463 shares in the last quarter. Finally, BlackRock Advisors LLC raised its stake in The Hain Celestial Group by 15.3% in the fourth quarter. BlackRock Advisors LLC now owns 644,688 shares of the company’s stock valued at $26,039,000 after buying an additional 85,426 shares in the last quarter.

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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