Investors Buy The Hain Celestial Group Inc. (HAIN) on Weakness
Traders purchased shares of The Hain Celestial Group Inc. (NASDAQ:HAIN) on weakness during trading hours on Wednesday. $82.41 million flowed into the stock on the tick-up and $18.93 million flowed out of the stock on the tick-down, for a money net flow of $63.48 million into the stock. Of all companies tracked, The Hain Celestial Group had the 4th highest net in-flow for the day. The Hain Celestial Group traded down ($0.52) for the day and closed at $47.28
Several research analysts have commented on HAIN shares. Bank of America Corp. restated a “buy” rating on shares of The Hain Celestial Group in a report on Thursday, June 9th. Zacks Investment Research downgraded The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Friday, April 8th. Jefferies Group restated a “buy” rating and set a $50.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, April 27th. Royal Bank Of Canada restated a “hold” rating and set a $44.00 price objective (up from $42.00) on shares of The Hain Celestial Group in a report on Tuesday, May 3rd. Finally, TheStreet upgraded The Hain Celestial Group to a “buy” rating in a report on Thursday, May 26th. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.11.
The firm’s 50-day moving average is $49.19 and its 200 day moving average is $42.12. The firm has a market capitalization of $4.89 billion and a PE ratio of 23.66.
The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. During the same period in the prior year, the company earned $0.45 EPS. The business had revenue of $750 million for the quarter, compared to the consensus estimate of $733.17 million. The Hain Celestial Group’s quarterly revenue was up 13.1% on a year-over-year basis. Equities research analysts forecast that The Hain Celestial Group Inc. will post $2.03 earnings per share for the current year.
A number of hedge funds and institutional investors have recently bought and sold shares of HAIN. Condor Capital Management purchased a new position in The Hain Celestial Group during the fourth quarter valued at approximately $1,015,000. Tradition Capital Management LLC boosted its position in The Hain Celestial Group by 531.4% in the fourth quarter. Tradition Capital Management LLC now owns 26,520 shares of the company’s stock valued at $1,071,000 after buying an additional 22,320 shares during the period. Arrow Financial Corp boosted its position in The Hain Celestial Group by 17.6% in the fourth quarter. Arrow Financial Corp now owns 27,197 shares of the company’s stock valued at $1,098,000 after buying an additional 4,079 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in The Hain Celestial Group by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,852 shares of the company’s stock valued at $1,206,000 after buying an additional 229 shares during the period. Finally, GSA Capital Partners LLP boosted its position in The Hain Celestial Group by 67.4% in the fourth quarter. GSA Capital Partners LLP now owns 31,369 shares of the company’s stock valued at $1,267,000 after buying an additional 12,630 shares during the period.
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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