The Hain Celestial Group, Inc. (NASDAQ:HAIN) Short Interest Update

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 5,290,000 shares, a drop of 5.5% from the September 15th total of 5,600,000 shares. Approximately 5.9% of the shares of the stock are sold short. Based on an average daily volume of 1,260,000 shares, the short-interest ratio is currently 4.2 days.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HAIN. Stifel Nicolaus increased their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Piper Sandler reiterated a "neutral" rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays increased their price objective on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, August 29th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $8.00 target price on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, The Hain Celestial Group has a consensus rating of "Hold" and an average target price of $9.57.

Insider Activity

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of the business's stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the purchase, the insider now owns 15,300 shares of the company's stock, valued at approximately $127,296. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.72% of the company's stock.

Institutional Trading of The Hain Celestial Group

A number of institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in The Hain Celestial Group in the first quarter worth about $1,937,000. Blair William & Co. IL lifted its stake in shares of The Hain Celestial Group by 418.3% during the 1st quarter. Blair William & Co. IL now owns 366,948 shares of the company's stock worth $2,884,000 after acquiring an additional 296,150 shares during the last quarter. Deerfield Management Company L.P. Series C boosted its holdings in The Hain Celestial Group by 391.6% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company's stock valued at $861,000 after acquiring an additional 99,246 shares during the period. Vanguard Group Inc. grew its position in The Hain Celestial Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company's stock valued at $86,010,000 after acquiring an additional 84,689 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in The Hain Celestial Group by 12.1% in the second quarter. First Eagle Investment Management LLC now owns 730,854 shares of the company's stock worth $5,050,000 after purchasing an additional 79,000 shares during the period. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock traded down $0.01 during trading hours on Wednesday, reaching $8.73. The company's stock had a trading volume of 798,946 shares, compared to its average volume of 1,199,810. The firm has a 50 day moving average price of $7.84 and a 200-day moving average price of $7.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01. The stock has a market cap of $784.34 million, a P/E ratio of -8.56 and a beta of 0.75. The Hain Celestial Group has a one year low of $5.68 and a one year high of $12.49.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $419.00 million for the quarter, compared to analysts' expectations of $417.99 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. On average, analysts predict that The Hain Celestial Group will post 0.48 EPS for the current year.

About The Hain Celestial Group

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.