The stock of Hain Celestial Group Inc (HAIN) formed a down wedge with $36.60 target or 7.00% below today’s $39.35 share price. The 6 months wedge indicates high risk for the $4.01B company. If the $36.60 price target is reached, the company will be worth $280.70 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high. The stock is down 0.30% or $0.12 after the news, hitting $39.35 per share. About 2.65 million shares traded hands or 21.00% up from the average. Hain Celestial Group Inc (NASDAQ:HAIN) has declined 35.82% since May 8, 2015 and is downtrending. It has underperformed by 32.81% the S&P500.
Out of 18 analysts covering Hain Celestial Group (NASDAQ:HAIN), 16 rate it “Buy”, 0 “Sell”, while 5 “Hold”. This means 76% are positive. $72 is the highest target while $49 is the lowest. The $59.11 average target is 54.71% above today’s ($39.35) stock price. Hain Celestial Group was the topic in 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Wunderlich initiated the stock on December 11 with “Buy” rating.
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)” Get a free copy of the Zacks research report on Hain Celestial Group Inc (HAIN).
The institutional sentiment decreased to 1.16 in Q3 2015. Its down 0.51, from 1.67 in 2015Q2. The ratio worsened, as 32 funds sold all Hain Celestial Group Inc shares owned while 142 reduced positions. 54 funds bought stakes while 148 increased positions. They now own 97.67 million shares or 8.39% more from 90.10 million shares in 2015Q2.
Caerus Global Investors Llc holds 4.65% of its portfolio in Hain Celestial Group Inc for 33,000 shares. Agf Investments America Inc. owns 105,481 shares or 3.45% of their US portfolio. Moreover, Beck Capital Management Llc has 2.69% invested in the company for 75,346 shares. The New Zealand-based Gareth Morgan Investments Limited Partnership has invested 2.63% in the stock. Coatue Management Llc, a New York-based fund reported 4.05 million shares.
More news for Hain Celestial Group Inc (NASDAQ:HAIN) were recently published by: Fool.com, which released: “What to Look for When Hain Celestial Group Inc Reports Earnings” on November 04, 2015. Seekingalpha.com‘s article titled: “Short Hain Celestial Group: Low Quality And Increased Business Risk” and published on October 28, 2015 is yet another important article.
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