The stock of Hain Celestial Group Inc (NASDAQ:HAIN) is a huge mover today! About 1.25M shares traded hands. Hain Celestial Group Inc (NASDAQ:HAIN) has declined 12.78% since March 15, 2016 and is downtrending. It has underperformed by 18.26% the S&P500.
The move comes after 6 months positive chart setup for the $3.66B company. It was reported on Oct, 18 by Barchart.com. We have $52.95 PT which if reached, will make NASDAQ:HAIN worth $1.76 billion 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. PiperJaffray downgraded the shares of HAIN in a report on Tuesday, August 16 to “Underweight” rating. The firm has “Neutral” rating given on Tuesday, February 2 by Piper Jaffray. Atlantic Securities initiated the shares of HAIN in a report on Thursday, April 7 with “Neutral” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, January 18. The stock of Hain Celestial Group Inc (NASDAQ:HAIN) earned “Outperform” rating by Cowen & Co on Wednesday, October 14. The firm earned “Outperform” rating on Friday, September 4 by William Blair. The stock of Hain Celestial Group Inc (NASDAQ:HAIN) has “Buy” rating given on Thursday, August 20 by S&P Research. The rating was initiated by Jefferies on Wednesday, December 16 with “Buy”. As per Monday, October 19, the company rating was initiated by Buckingham Research. The stock of Hain Celestial Group Inc (NASDAQ:HAIN) earned “Perform” rating by Oppenheimer on Wednesday, November 4.
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.
Patten Gp holds 5,490 shares or 0% of its portfolio. Gradient Invs Limited Liability Co accumulated 0% or 200 shares. Coatue Mngmt Ltd Com, a New York-based fund reported 1.04 million shares. Gp One Trading L P last reported 916 shares in the company. Neuberger Berman Grp Llc last reported 0.07% of its portfolio in the stock. Commonwealth Of Pennsylvania School Empls Retrmt last reported 0.02% of its portfolio in the stock. The Georgia-based Signaturefd Ltd has invested 0.05% in Hain Celestial Group Inc (NASDAQ:HAIN). Credit Agricole S A, a France-based fund reported 97,869 shares. Pictet Asset Limited accumulated 0.06% or 304,823 shares. Moreover, Calvert Invest Mgmt has 0.02% invested in Hain Celestial Group Inc (NASDAQ:HAIN) for 7,585 shares. Jefferies Ltd Com has 34,700 shares for 0.01% of their US portfolio. Ameriprise Fincl Inc has invested 0.02% of its portfolio in Hain Celestial Group Inc (NASDAQ:HAIN). Citigroup has 80,671 shares for 0% of their US portfolio. New York State Teachers Retirement Systems owns 182,188 shares or 0.02% of their US portfolio. True Bearing Asset Management Limited Partnership owns 13,465 shares or 3.53% 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. Globenewswire.com‘s article titled: “HAIN INVESTOR REMINDER: Hagens Berman Reminds The Hain Celestial Group, Inc …” and published on October 07, 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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