SunTrust Banks Inc. reissued their hold rating on shares of The Hain Celestial Group Inc. (NASDAQ:HAIN) in a report released on Sunday morning.

Other analysts have also recently issued research reports about the stock. Atlantic Securities upgraded shares of The Hain Celestial Group from an underweight rating to a neutral rating in a research note on Friday. Bank of America Corp. upgraded shares of The Hain Celestial Group from an underperform rating to a neutral rating and set a $41.00 target price for the company in a research report on Friday. Maxim Group cut shares of The Hain Celestial Group from a buy rating to a hold rating in a research report on Tuesday, August 16th. Wedbush cut shares of The Hain Celestial Group from an outperform rating to a neutral rating and dropped their target price for the company from $51.00 to $37.00 in a research report on Tuesday, August 16th. Finally, Argus restated a buy rating and issued a $50.00 target price on shares of The Hain Celestial Group in a research report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $46.43.

The Hain Celestial Group (NASDAQ:HAIN) opened at 38.62 on Friday. The firm has a 50-day moving average of $35.89 and a 200-day moving average of $43.33. The company has a market capitalization of $4.00 billion, a PE ratio of 19.33 and a beta of 0.93. The Hain Celestial Group has a 52 week low of $33.12 and a 52 week high of $56.99.

Hedge funds and other institutional investors have recently modified their holdings of the company. Monarch Partners Asset Management LLC bought a new position in shares of The Hain Celestial Group during the second quarter valued at about $14,162,000. Rice Hall James & Associates LLC raised its position in shares of 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 in the last quarter. PGGM Investments raised its position in shares of 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 in the last quarter. Douglas Lane & Associates LLC raised its position in shares of 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 in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new position in shares of The Hain Celestial Group during the second quarter valued at about $300,000. 79.48% of the stock is currently owned by institutional investors and hedge funds.

About The Hain Celestial Group

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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