The stock of Hain Celestial Group Inc (NASDAQ:HAIN) is a huge mover today! About 517,108 shares traded hands. Hain Celestial Group Inc (NASDAQ:HAIN) has declined 8.76% since March 8, 2016 and is downtrending. It has underperformed by 18.08% the S&P500.
The move comes after 8 months positive chart setup for the $3.71B company. It was reported on Oct, 11 by Barchart.com. We have $43.13 PT which if reached, will make NASDAQ:HAIN worth $816.20 million more.
Hain Celestial Group Inc (NASDAQ:HAIN) Ratings Coverage
Out of 23 analysts covering Hain Celestial Group (NASDAQ:HAIN), 11 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 48% are positive. Hain Celestial Group has been the topic of 50 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, April 7 by Atlantic Securities. RBC Capital Markets maintained it with “Sector Perform” rating and $42.0 target price in Friday, January 15 report. The firm has “Buy” rating by Wunderlich given on Thursday, January 14. Cowen & Co initiated Hain Celestial Group Inc (NASDAQ:HAIN) rating on Wednesday, October 14. Cowen & Co has “Outperform” rating and $64 price target. The stock of Hain Celestial Group Inc (NASDAQ:HAIN) has “Perform” rating given on Tuesday, January 12 by Oppenheimer. Maxim Group initiated Hain Celestial Group Inc (NASDAQ:HAIN) rating on Friday, July 24. Maxim Group has “Buy” rating and $80 price target. The firm has “Buy” rating given on Thursday, August 20 by S&P Research. The company was maintained on Monday, November 2 by RBC Capital Markets. The company was downgraded on Tuesday, August 16 by SunTrust. The rating was maintained by UBS on Thursday, September 15 with “Sell”.
According to Zacks Investment Research, “The Hain Celestial Group is a natural, specialty and snack food company. The company is a leader in the natural food categories, with such well-known natural food brands as Celestial Seasonings teas, including Sleepytimer, Lemon Zingerr, Red Zingerr, and Tension Tamerr varieties, Hain Pure Foodsr, Earth’s Bestr, and Nile Spice. The company’s principal specialty product lines include Hollywoodr cooking oils, Esteer sugar-free products, Weight Watchersr dry and refrigerated products, Kineretr kosher foods, Boston Better Snacksr, and Alba Foodsr. (PRESS RELEASE)”
Insitutional Activity: The institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.20, from 0.96 in 2016Q1. The ratio is positive, as 31 funds sold all Hain Celestial Group Inc shares owned while 135 reduced positions. 64 funds bought stakes while 129 increased positions. They now own 83.26 million shares or 2.53% less from 85.42 million shares in 2016Q1.
Twin Tree Mngmt L P holds 0% or 2,278 shares in its portfolio. Dillon Associate has 0.51% invested in the company for 22,275 shares. Condor Capital Management, a New Jersey-based fund reported 28,727 shares. Finemark National Bank & Tru owns 663 shares or 0% of their US portfolio. Moreover, Amalgamated Fincl Bank has 0.05% invested in Hain Celestial Group Inc (NASDAQ:HAIN) for 16,802 shares. Cowen Grp Incorporated holds 0.03% or 7,500 shares in its portfolio. Moreover, Wendell David Assocs has 0.32% invested in Hain Celestial Group Inc (NASDAQ:HAIN) for 32,430 shares. Clifford Swan Invest Counsel holds 0.34% or 98,956 shares in its portfolio. Greenwood Capital Assocs Limited Liability Corporation has invested 0.19% of its portfolio in Hain Celestial Group Inc (NASDAQ:HAIN). Creative Planning holds 0% or 4,879 shares in its portfolio. Hightower Advsr Ltd Limited Liability Company accumulated 0% or 6,753 shares. The United Kingdom-based Marshall Wace Llp has invested 0.03% in Hain Celestial Group Inc (NASDAQ:HAIN). The Texas-based Inc has invested 0% in Hain Celestial Group Inc (NASDAQ:HAIN). Whittier Trust accumulated 2,400 shares or 0.01% of the stock. Moon Capital Mngmt Ltd Partnership owns 41,359 shares or 0.8% of their US portfolio.
More news for Hain Celestial Group Inc (NASDAQ:HAIN) were recently published by: Prnewswire.com, which released: “Hain Celestial Receives Lender Limited Waiver And Extension Of Credit Facility” on September 26, 2016. Benzinga.com‘s article titled: “Jefferies Attempts To Frame The Risk To Hain Celestial From Accounting Issues” and published on September 21, 2016 is yet another important article.
HAIN Company Profile
The Hain Celestial Group, Inc., incorporated on May 19, 1993, makes, markets, distributes and sells organic and natural products under brand names, which are sold as better-for-you products. The Company’s brand names 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, Soy Dream, Sun-Pat, SunSpire, Terra, The Greek Gods, Tilda, WestSoy and Yves Veggie Cuisine. The Company’s personal care products are marketed under the Alba Botanica, Avalon Organics, Earth’s Best, JASON and Queen Helene brands. The Firm operates in five divisions: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. The United States operating segment includes the activities of Ella’s Kitchen, which conducts business in the United States and the United Kingdom. The United Kingdom operating segment includes the activities of Tilda, which conducts business in the United Kingdom, the Middle East and North Africa, Continental Europe, North America and India. Canada and Europe are combined as rest of world. In addition, it also offers the brands: Gluten Free Cafe, Walnut Acres Organic, FreeBird, Plainville Farms, Empire, Kosher Valley, Live Clean, A Healthier Way of Life, Joya and Happy.
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