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

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 6,130,000 shares, a decline of 29.5% from the March 15th total of 8,700,000 shares. Based on an average daily trading volume, of 2,300,000 shares, the short-interest ratio is presently 2.7 days. Currently, 6.9% of the company's shares are short sold.

The Hain Celestial Group Stock Up 1.3 %

HAIN traded up $0.04 on Monday, hitting $3.01. 643,561 shares of the company were exchanged, compared to its average volume of 1,488,838. The firm has a 50-day moving average price of $3.82 and a two-hundred day moving average price of $5.90. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The company has a market cap of $271.64 million, a price-to-earnings ratio of -1.55 and a beta of 0.93. The Hain Celestial Group has a twelve month low of $2.68 and a twelve month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. On average, equities analysts predict that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HAIN. JPMorgan Chase & Co. lowered their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Evercore ISI reduced their price target on shares of The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 12th. Piper Sandler cut their target price on The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Mizuho decreased their price target on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus cut their price objective on The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $6.31.

Institutional Trading of The Hain Celestial Group

Large investors have recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock worth $66,000 after acquiring an additional 3,554 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of The Hain Celestial Group during the 3rd quarter worth $93,000. Virtu Financial LLC purchased a new position in The Hain Celestial Group during the 4th quarter valued at about $73,000. Wedmont Private Capital purchased a new stake in shares of The Hain Celestial Group in the first quarter valued at about $52,000. Finally, Byrne Asset Management LLC grew its position in shares of The Hain Celestial Group by 240.0% in the first quarter. Byrne Asset Management LLC now owns 13,599 shares of the company's stock valued at $56,000 after purchasing an additional 9,599 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.