The Hain Celestial Group Inc. (HAIN) Sees Large Volume Increase
The Hain Celestial Group Inc. (NASDAQ:HAIN) shares saw an uptick in trading volume on Wednesday . 4,986,207 shares traded hands during mid-day trading, an increase of 205% from the previous session’s volume of 1,633,108 shares.The stock last traded at $47.28 and had previously closed at $47.80.
Several brokerages have recently weighed in on HAIN. Jefferies Group reissued a “buy” rating and issued a $50.00 price target on shares of The Hain Celestial Group in a research note on Thursday, May 5th. Royal Bank Of Canada restated a “hold” rating and set a $44.00 target price (up previously from $42.00) on shares of The Hain Celestial Group in a research report on Tuesday, May 3rd. TheStreet upgraded The Hain Celestial Group to a “buy” rating in a research report on Thursday, May 26th. Vetr lowered 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 report on Thursday, June 2nd. Finally, Zacks Investment Research upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $53.11.
The stock has a 50 day moving average price of $49.19 and a 200-day moving average price of $42.12. The stock has a market capitalization of $4.89 billion and a price-to-earnings ratio of 23.66.
The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Wednesday, May 4th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business had revenue of $750 million for the quarter, compared to analyst estimates of $733.17 million. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts predict that The Hain Celestial Group Inc. will post $2.03 EPS for the current fiscal year.
Other hedge funds and institutional investors have bought and sold shares of the company. Condor Capital Management acquired a new position in The Hain Celestial Group during the fourth quarter worth about $1,015,000. Tradition Capital Management LLC increased 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 worth $1,071,000 after buying an additional 22,320 shares in the last quarter. Arrow Financial Corp increased 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 worth $1,098,000 after buying an additional 4,079 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 worth $1,206,000 after buying an additional 229 shares in the last quarter. Finally, GSA Capital Partners LLP increased 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 worth $1,267,000 after buying an additional 12,630 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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