The Hain Celestial Group (NASDAQ:HAIN) Sets New 12-Month Low - Should You Sell?

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $5.57 and last traded at $5.60, with a volume of 1467765 shares changing hands. The stock had previously closed at $6.19.

Analysts Set New Price Targets

Several research firms have weighed in on HAIN. Piper Sandler reissued a "neutral" rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. DA Davidson cut their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 12th. Finally, Barclays decreased their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating for the company in a report 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.com, The Hain Celestial Group presently has an average rating of "Hold" and a consensus target price of $9.43.

The Hain Celestial Group Price Performance

The business has a fifty day moving average of $7.50 and a 200 day moving average of $7.64. The firm has a market cap of $492.46 million, a P/E ratio of -5.81 and a beta of 0.76. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The Hain Celestial Group's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.04) earnings per share. On average, sell-side analysts anticipate that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of The Hain Celestial Group by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 779,557 shares of the company's stock worth $5,387,000 after buying an additional 25,169 shares in the last quarter. Choreo LLC acquired a new position in shares of The Hain Celestial Group during the 2nd quarter worth approximately $71,000. Headlands Technologies LLC raised its position in shares of The Hain Celestial Group by 87.9% in the second quarter. Headlands Technologies LLC now owns 38,576 shares of the company's stock valued at $267,000 after buying an additional 18,047 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of The Hain Celestial Group in the second quarter valued at approximately $159,000. Finally, Cornercap Investment Counsel Inc. acquired a new stake in The Hain Celestial Group during the second quarter worth approximately $479,000. Institutional investors own 97.01% of the company's stock.

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.