The Hain Celestial Group (NASDAQ:HAIN) Shares Down 3.7% - What's Next?

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report)'s share price traded down 3.7% during mid-day trading on Friday . The company traded as low as $8.31 and last traded at $8.31. 194,355 shares were traded during mid-day trading, a decline of 84% from the average session volume of 1,201,217 shares. The stock had previously closed at $8.63.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HAIN. Stifel Nicolaus lifted their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a "hold" rating in a research note on Wednesday, August 28th. Barclays reduced their price target 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 report on Monday, November 11th. DA Davidson dropped their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Tuesday, November 12th. Finally, Piper Sandler restated a "neutral" rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $9.43.

The Hain Celestial Group Trading Down 4.2 %

The business's fifty day moving average price is $8.28 and its 200 day moving average price is $7.67. The company has a market cap of $745.90 million, a price-to-earnings ratio of -8.80 and a beta of 0.74. 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 Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued 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 Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same quarter in the prior year, the business earned ($0.04) EPS. The Hain Celestial Group's revenue for the quarter was down 7.2% compared to the same quarter last year. Research analysts anticipate that The Hain Celestial Group, Inc. will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at The Hain Celestial Group

In other news, insider Chad D. Marquardt purchased 5,300 shares of the stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the acquisition, the insider now owns 15,300 shares in the company, valued at $127,296. This represents a 53.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.83% of the company's stock.

Institutional Trading of The Hain Celestial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in The Hain Celestial Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company's stock worth $86,010,000 after buying an additional 84,689 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of The Hain Celestial Group by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 103,773 shares of the company's stock worth $814,000 after purchasing an additional 3,767 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in The Hain Celestial Group by 12.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 60,167 shares of the company's stock valued at $473,000 after purchasing an additional 6,493 shares in the last quarter. GAMMA Investing LLC raised its stake in The Hain Celestial Group by 683.2% in the second quarter. GAMMA Investing LLC now owns 14,772 shares of the company's stock valued at $102,000 after purchasing an additional 12,886 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in The Hain Celestial Group during the second quarter valued at approximately $394,000. 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.