The Hain Celestial Group (NASDAQ:HAIN) Trading Down 6.5% - Should You Sell?

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report)'s share price fell 6.5% during trading on Monday . The stock traded as low as $6.03 and last traded at $6.08. 736,541 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 1,203,739 shares. The stock had previously closed at $6.50.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HAIN shares. DA Davidson reduced their price target on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Tuesday, November 12th. Piper Sandler reaffirmed a "neutral" rating and issued a $8.00 target price on shares of The Hain Celestial Group in a report on Thursday, September 19th. Finally, Barclays reduced 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 report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $9.43.

The Hain Celestial Group Price Performance

The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The business's 50 day moving average price is $7.81 and its 200 day moving average price is $7.69. The stock has a market capitalization of $551.99 million, a P/E ratio of -6.51 and a beta of 0.71.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The company had revenue of $394.60 million for the quarter, compared to analysts' expectations 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 quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Sell-side analysts forecast that The Hain Celestial Group, Inc. will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of The Hain Celestial Group by 433.5% in the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company's stock worth $26,000 after purchasing an additional 2,423 shares during the period. Signaturefd LLC boosted its stake in shares of The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company's stock worth $28,000 after acquiring an additional 2,226 shares during the last quarter. nVerses Capital LLC grew its position in shares of The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company's stock valued at $32,000 after acquiring an additional 2,900 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of The Hain Celestial Group by 225.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company's stock worth $43,000 after purchasing an additional 3,432 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of The Hain Celestial Group in the 2nd quarter worth $71,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Company Profile

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.