The Hain Celestial Group, Inc. (NASDAQ:HAIN) Short Interest Up 6.4% in January

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 5,290,000 shares, an increase of 6.4% from the December 31st total of 4,970,000 shares. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is currently 4.2 days. Currently, 5.9% of the company’s stock are sold short.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $4.80 on Tuesday. The company’s fifty day moving average price is $6.39 and its 200-day moving average price is $7.36. 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 Hain Celestial Group has a 1-year low of $4.47 and a 1-year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) 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 positive return on equity of 3.13% and a negative net margin of 4.94%. The company had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. During the same period last year, the business earned ($0.04) earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis. As a group, analysts anticipate that The Hain Celestial Group will post 0.43 EPS for the current year.

Institutional Trading of The Hain Celestial Group

A number of hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after purchasing an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in 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 buying an additional 3,432 shares during the last quarter. Van ECK Associates Corp increased its stake in The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after buying an additional 3,554 shares in the last quarter. Grace & White Inc. NY acquired a new position in shares of The Hain Celestial Group during the fourth quarter valued at approximately $86,000. Finally, CWM LLC lifted its position in shares of The Hain Celestial Group by 14.5% in the third quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after acquiring an additional 1,276 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays lowered their price objective on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Monday. Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, January 24th. DA Davidson lowered their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Finally, Piper Sandler cut their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and a consensus target price of $8.14.

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.