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

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 5,120,000 shares, a growth of 8.5% from the November 15th total of 4,720,000 shares. Approximately 5.7% of the company's stock are short sold. Based on an average daily trading volume, of 1,140,000 shares, the short-interest ratio is presently 4.5 days.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HAIN shares. Piper Sandler reaffirmed 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. DA Davidson dropped their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Tuesday, November 12th. Stifel Nicolaus increased their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the company a "hold" rating in a research note on Wednesday, August 28th. Finally, Barclays dropped their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.43.

The Hain Celestial Group Stock Down 1.9 %

NASDAQ:HAIN traded down $0.14 during trading hours on Tuesday, reaching $7.41. 1,275,192 shares of the company's stock were exchanged, compared to its average volume of 1,134,010. The Hain Celestial Group has a 12 month low of $5.68 and a 12 month high of $11.68. The business's 50-day simple moving average is $8.22 and its two-hundred day simple moving average is $7.75. 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 (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The firm had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The company's revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS. Sell-side analysts predict that The Hain Celestial Group will post 0.44 EPS for the current year.

Institutional Trading of The Hain Celestial Group

Several large investors have recently added to or reduced their stakes in HAIN. Quest Partners LLC increased its position in The Hain Celestial Group by 387.1% during the third quarter. Quest Partners LLC now owns 212,655 shares of the company's stock worth $1,835,000 after buying an additional 168,996 shares during the last quarter. Deerfield Management Company L.P. Series C increased its holdings in shares of 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in The Hain Celestial Group in the 3rd quarter worth approximately $2,515,000. Hotchkis & Wiley Capital Management LLC boosted its position in The Hain Celestial Group by 54.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company's stock worth $10,568,000 after purchasing an additional 434,070 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in The Hain Celestial Group by 83.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,580 shares of the company's stock valued at $238,000 after purchasing an additional 12,542 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

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.