The Hain Celestial Group (NASDAQ:HAIN) Shares Gap Down - What's Next?

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $7.13, but opened at $6.47. The Hain Celestial Group shares last traded at $6.54, with a volume of 144,233 shares traded.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HAIN. Barclays decreased their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. DA Davidson lowered 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. Stifel Nicolaus raised their price objective 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, Piper Sandler reiterated a "neutral" rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $9.43.

The Hain Celestial Group Stock Down 1.8 %

The company has a market capitalization of $579.05 million, a P/E ratio of -6.83 and a beta of 0.71. 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 stock has a 50 day moving average price of $8.09 and a 200 day moving average price of $7.72.

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

Institutional Trading of The Hain Celestial Group

Institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in The Hain Celestial Group by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company's stock valued at $39,380,000 after acquiring an additional 62,865 shares during the last quarter. State Street Corp increased its position in shares of The Hain Celestial Group by 0.4% during the third quarter. State Street Corp now owns 3,464,855 shares of the company's stock worth $29,902,000 after buying an additional 15,494 shares during the period. Millennium Management LLC raised its stake in The Hain Celestial Group by 171.3% during the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company's stock worth $18,206,000 after buying an additional 1,663,542 shares during the last quarter. Geode Capital Management LLC raised its stake in The Hain Celestial Group by 6.8% during the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company's stock worth $19,241,000 after buying an additional 142,097 shares during the last quarter. Finally, 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 valued at $10,568,000 after acquiring an additional 434,070 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

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.