The Hain Celestial Group, Inc. (NASDAQ:HAIN) Short Interest Down 6.0% in July

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 3,580,000 shares, a decline of 6.0% from the July 15th total of 3,810,000 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily volume of 938,800 shares, the short-interest ratio is presently 3.8 days.

Wall Street Analyst Weigh In

HAIN has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, April 26th. Barclays cut their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Piper Sandler dropped their target price on shares of The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Mizuho dropped their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Finally, Maxim Group dropped their target price on shares of The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and an average price target of $10.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its stake in The Hain Celestial Group by 8.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,156 shares of the company’s stock worth $155,000 after acquiring an additional 1,052 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of The Hain Celestial Group by 3.3% in the first quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock valued at $426,000 after buying an additional 1,710 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of The Hain Celestial Group by 13.0% in the first quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock valued at $129,000 after buying an additional 1,885 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of The Hain Celestial Group by 17.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,839 shares of the company’s stock valued at $152,000 after buying an additional 2,096 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of The Hain Celestial Group by 125.9% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Stock Down 5.5 %

Shares of NASDAQ HAIN opened at $6.23 on Wednesday. The firm has a market cap of $559.73 million, a PE ratio of -6.11 and a beta of 0.77. The Hain Celestial Group has a 12-month low of $5.68 and a 12-month high of $12.76. The company’s fifty day simple moving average is $7.12 and its 200 day simple moving average is $7.62. The company has a quick ratio of 1.07, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

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.