Hain Celestial Group (NASDAQ:HAIN) Upgraded by Sanford C. Bernstein to “Outperform”
Sanford C. Bernstein upgraded shares of Hain Celestial Group (NASDAQ:HAIN) from a market perform rating to an outperform rating in a report issued on Tuesday, BenzingaRatingsTable reports. They currently have $36.00 target price on the stock.
Several other analysts have also recently issued reports on the company. Wells Fargo & Co dropped their target price on Hain Celestial Group from $26.00 to $25.00 and set an equal weight rating for the company in a report on Monday, May 4th. Barclays restated a hold rating and issued a $30.00 target price on shares of Hain Celestial Group in a report on Sunday, May 10th. Jefferies Financial Group restated a hold rating and issued a $24.00 target price on shares of Hain Celestial Group in a report on Monday, March 23rd. JPMorgan Chase & Co. upgraded Hain Celestial Group from an underweight rating to a neutral rating and upped their target price for the company from $26.00 to $28.00 in a report on Friday, May 8th. Finally, TheStreet upgraded Hain Celestial Group from a d+ rating to a c rating in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $27.64.
Shares of HAIN opened at $29.13 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.00. Hain Celestial Group has a one year low of $17.94 and a one year high of $31.92. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of -30.99 and a beta of 0.72. The stock has a 50 day moving average price of $27.39 and a 200 day moving average price of $25.62.
In other news, insider Engaged Capital Co-Invest Vi-D sold 105,426 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $29.98, for a total value of $3,160,671.48. Following the transaction, the insider now owns 27,198 shares of the company’s stock, valued at approximately $815,396.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher J. Boever bought 7,100 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $21.11 per share, for a total transaction of $149,881.00. Following the purchase, the insider now owns 7,100 shares in the company, valued at approximately $149,881. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 680,426 shares of company stock worth $20,168,921. Corporate insiders own 20.50% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tobias Financial Advisors Inc. acquired a new position in Hain Celestial Group during the 4th quarter worth about $25,000. Penserra Capital Management LLC acquired a new position in Hain Celestial Group during the 4th quarter worth about $31,000. Fortis Advisors LLC acquired a new position in Hain Celestial Group during the 1st quarter worth about $39,000. Chevy Chase Trust Holdings Inc. acquired a new position in Hain Celestial Group during the 4th quarter worth about $42,000. Finally, Ameritas Investment Company LLC acquired a new position in Hain Celestial Group during the 1st quarter worth about $43,000.
Hain Celestial Group Company Profile
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.
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