Todays Report: The Hain Celestial Group Inc. (HAIN) Short Interest Down 16.4% in September

The Hain Celestial Group Inc. (HAIN) Short Interest Down 16.4% in September

The Hain Celestial Group Inc. (NASDAQ:HAIN) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 8,180,839 shares, a decrease of 16.4% from the September 15th total of 9,781,802 shares. Based on an average trading volume of 1,892,135 shares, the short-interest ratio is presently 4.3 days. Approximately 8.1% of the shares of the stock are short sold.

A number of research firms recently weighed in on HAIN. JPMorgan Chase & Co. lowered their price target on The Hain Celestial Group from $49.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, August 16th. TheStreet cut The Hain Celestial Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. Barclays PLC cut The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $51.00 to $43.00 in a report on Tuesday, August 16th. Sanford C. Bernstein restated an “outperform” rating on shares of The Hain Celestial Group in a report on Tuesday, August 16th. Finally, Jefferies Group restated a “buy” rating and issued a $50.00 price target on shares of The Hain Celestial Group in a report on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.02.

Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 35.32 on Friday. The firm has a market cap of $3.65 billion, a PE ratio of 17.68 and a beta of 0.93. The Hain Celestial Group has a 1-year low of $33.12 and a 1-year high of $56.99. The stock’s 50 day moving average is $35.69 and its 200-day moving average is $44.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. Monarch Partners Asset Management LLC acquired a new stake in shares of The Hain Celestial Group during the second quarter worth approximately $14,162,000. Rice Hall James & Associates LLC raised its stake in The Hain Celestial Group by 1.4% in the second quarter. Rice Hall James & Associates LLC now owns 224,843 shares of the company’s stock valued at $11,186,000 after buying an additional 3,187 shares during the last quarter. State Street Corp raised its stake in The Hain Celestial Group by 1.6% in the first quarter. State Street Corp now owns 2,675,273 shares of the company’s stock valued at $109,439,000 after buying an additional 41,328 shares during the last quarter. PGGM Investments raised its stake in The Hain Celestial Group by 230.2% in the second quarter. PGGM Investments now owns 695,589 shares of the company’s stock valued at $34,606,000 after buying an additional 484,923 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in The Hain Celestial Group by 0.5% in the second quarter. Douglas Lane & Associates LLC now owns 492,853 shares of the company’s stock valued at $24,519,000 after buying an additional 2,372 shares during the last quarter. Institutional investors own 83.76% of the company’s stock.

The Hain Celestial Group Company Profile

Related posts

Leave a Comment