The Hain Celestial Group, Inc. (NASDAQ:HAIN) Sees Large Growth in Short Interest

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 7,290,000 shares, a growth of 32.5% from the January 15th total of 5,500,000 shares. Based on an average daily volume of 1,590,000 shares, the days-to-cover ratio is currently 4.6 days. Approximately 8.2% of the shares of the company are sold short.

Institutional Trading of The Hain Celestial Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning raised its stake in The Hain Celestial Group by 3.6% during the third quarter. Creative Planning now owns 36,298 shares of the company's stock worth $313,000 after acquiring an additional 1,272 shares in the last quarter. CWM LLC increased its position in The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company's stock worth $87,000 after purchasing an additional 1,276 shares in the last quarter. US Bancorp DE lifted its stake in The Hain Celestial Group by 10.3% in the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company's stock valued at $168,000 after purchasing an additional 1,815 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in The Hain Celestial Group by 4.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company's stock valued at $302,000 after buying an additional 2,091 shares in the last quarter. Finally, FMR LLC grew its stake in shares of The Hain Celestial Group by 14.9% during the third quarter. FMR LLC now owns 17,580 shares of the company's stock worth $152,000 after buying an additional 2,280 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

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The Hain Celestial Group Price Performance

The Hain Celestial Group stock traded down $0.06 during trading hours on Tuesday, reaching $4.00. 2,472,824 shares of the stock were exchanged, compared to its average volume of 1,862,175. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The Hain Celestial Group has a twelve month low of $3.28 and a twelve month high of $10.07. The company has a market cap of $360.31 million, a P/E ratio of -4.25 and a beta of 0.74. The stock has a 50 day moving average of $5.61 and a two-hundred day moving average of $7.15.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. Equities analysts expect that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HAIN. Mizuho dropped their price target on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on The Hain Celestial Group from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Maxim Group decreased their price target on shares of The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Evercore ISI dropped their price objective on shares of The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating for the company in a report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group presently has a consensus rating of "Hold" and a consensus price target of $6.56.

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.