The Hain Celestial Group (NASDAQ:HAIN) Trading Down 3.7% – What’s Next?

The Hain Celestial Group, Inc. (NASDAQ:HAIN)’s share price fell 3.7% during trading on Friday . The stock traded as low as $8.31 and last traded at $8.31. 194,355 shares traded hands during 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

A number of analysts have recently commented on HAIN shares. Stifel Nicolaus boosted their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Piper Sandler restated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays lowered their target price 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. Finally, DA Davidson reduced 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. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Stock Performance

The company has a market capitalization of $745.90 million, a PE ratio of -8.80 and a beta of 0.74. 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 business’s fifty day moving average is $8.28 and its two-hundred day moving average is $7.67.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same period in the previous year, the business earned ($0.04) EPS. The business’s revenue was down 7.2% compared to the same quarter last year. Equities research analysts predict that The Hain Celestial Group, Inc. will post 0.46 earnings per share for the current year.

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of The Hain Celestial Group stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average price of $8.32 per share, with a total value of $44,096.00. Following the transaction, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. This trade represents a 53.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Institutional Trading of The Hain Celestial Group

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its position in shares of The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares during the period. Signaturefd LLC raised its position 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 valued at $28,000 after purchasing an additional 2,226 shares during the period. nVerses Capital LLC raised its holdings in The Hain Celestial Group by 161.1% during the second 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. grew its position in shares of The Hain Celestial Group by 225.5% during the third 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, CWM LLC raised its position in shares of The Hain Celestial Group by 357.8% during the second quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after buying an additional 6,895 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

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.