The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 3,580,000 shares, a decline of 6.0% from the July 15th total of 3,810,000 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily volume of 938,800 shares, the short-interest ratio is presently 3.8 days.
Wall Street Analyst Weigh In
HAIN has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, April 26th. Barclays cut their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Piper Sandler dropped their target price on shares of The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Mizuho dropped their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Finally, Maxim Group dropped their target price on shares of The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and an average price target of $10.78.
Get Our Latest Report on The Hain Celestial Group
Institutional Inflows and Outflows
The Hain Celestial Group Stock Down 5.5 %
Shares of NASDAQ HAIN opened at $6.23 on Wednesday. The firm has a market cap of $559.73 million, a PE ratio of -6.11 and a beta of 0.77. The Hain Celestial Group has a 12-month low of $5.68 and a 12-month high of $12.76. The company’s fifty day simple moving average is $7.12 and its 200 day simple moving average is $7.62. The company has a quick ratio of 1.07, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.
The Hain Celestial Group Company Profile
The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.
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