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

A number of institutional investors have recently added to or reduced their stakes in HAIN. Acrospire Investment Management LLC boosted its position in The Hain Celestial Group by 37.5% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock valued at $109,000 after buying an additional 600 shares during the last quarter. Huntington National Bank boosted its stake in The Hain Celestial Group by 69.4% in the second quarter. Huntington National Bank now owns 2,761 shares of the company’s stock worth $137,000 after buying an additional 1,131 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in The Hain Celestial Group during the first quarter worth $139,000. IFP Advisors Inc boosted its stake in The Hain Celestial Group by 40.0% in the second quarter. IFP Advisors Inc now owns 2,983 shares of the company’s stock worth $148,000 after buying an additional 853 shares in the last quarter. Finally, MSI Financial Services Inc boosted its stake in The Hain Celestial Group by 95.9% in the third quarter. MSI Financial Services Inc now owns 4,865 shares of the company’s stock worth $173,000 after buying an additional 2,381 shares in the last quarter. Institutional investors own 83.76% of the company’s stock.

Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 35.32 on Friday. The Hain Celestial Group has a 52-week low of $33.12 and a 52-week high of $56.99. The stock has a market cap of $3.65 billion, a P/E ratio of 17.68 and a beta of 0.93. The firm has a 50-day moving average price of $35.69 and a 200-day moving average price of $44.33.

HAIN has been the subject of several recent analyst reports. Wedbush lowered shares of The Hain Celestial Group from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $51.00 to $37.00 in a research note on Tuesday, August 16th. Atlantic Securities lowered shares of The Hain Celestial Group from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $48.00 to $40.00 in a research note on Tuesday, August 16th. Bank of America Corp. lowered shares of The Hain Celestial Group from a “buy” rating to an “underperform” rating and set a $36.00 target price for the company. in a research note on Tuesday, August 16th. Buckingham Research reduced their target price on shares of The Hain Celestial Group from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, August 26th. Finally, SunTrust Banks Inc. lowered shares of The Hain Celestial Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $40.00 in a research note on Tuesday, August 16th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.02.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes and sells organic and natural products under brand names, which are sold as better-for-you products. The Company operates in five segments: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. The Company’s brands 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 and Soy Dream, among others.

5 Day Chart for NASDAQ:HAIN

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