Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) were down 4.8% on Thursday . The company traded as low as $8.27 and last traded at $8.31. Approximately 119,761 shares traded hands during trading, a decline of 90% from the average daily volume of 1,206,007 shares. The stock had previously closed at $8.73.
Analysts Set New Price Targets
Several brokerages have recently issued reports on HAIN. DA Davidson reaffirmed a "neutral" rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Stifel Nicolaus upped their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a "hold" rating in a research report on Wednesday, August 28th. Barclays raised their target price on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, August 29th. Finally, Piper Sandler reissued a "neutral" rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $9.57.
Read Our Latest Report on HAIN
The Hain Celestial Group Trading Down 5.5 %
The business has a 50 day moving average price of $7.78 and a 200 day moving average price of $7.29. The company has a market capitalization of $741.21 million, a P/E ratio of -8.09 and a beta of 0.75. The company has a current ratio of 1.98, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its earnings results on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $419.00 million during the quarter, compared to the consensus estimate of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Analysts anticipate that The Hain Celestial Group, Inc. will post 0.49 EPS for the current year.
Insider Buying and Selling at The Hain Celestial Group
In other The Hain Celestial Group news, insider Chad D. Marquardt acquired 5,300 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares of the company's stock, valued at approximately $127,296. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company's stock.
Institutional Investors Weigh In On The Hain Celestial Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 84,689 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in The Hain Celestial Group by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company's stock valued at $39,380,000 after buying an additional 62,865 shares during the last quarter. PGGM Investments lifted its stake in The Hain Celestial Group by 1.3% in the 2nd quarter. PGGM Investments now owns 4,183,854 shares of the company's stock valued at $28,910,000 after acquiring an additional 51,912 shares in the last quarter. Millennium Management LLC boosted its position in The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company's stock worth $18,206,000 after acquiring an additional 1,663,542 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new position in shares of The Hain Celestial Group during the 1st quarter worth approximately $11,294,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
About The Hain Celestial Group
(
Get Free Report)
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.
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