HAIN really trades with the overall market reacting similarly with other big Companies. Percentage up or down is very small. The downside is very small at this point and the upside could track quickly onward with any upgrades etc.....
The stock has underperformed the market for the last year and it is likely that at the end of the summer the stock will have a negative return for the prior twelve months.
The reason that many of the holders do not have problem with that is because over the past 3 years the return on this stock has beaten the market by a large margin.
In addition, while the stock has underperformed the market for the last year the pe has come in significantly because the companies operating performance has beaten that of most companies in the market over the same period.If that continues the company should return to market beating stock performance as the pe moves closer to the market average for their peers.At 27-28 the company is getting pretty close to that average.
Nice informative response. Hain killed it when it suddenly ran up after being dormant for many years.When I say it trades with the general market that did not mean it has outperformed the market but it does show stregth here. I would not be surprised to see the company announce a stock split soon.