The Hain Celestial Group (NASDAQ:HAIN) Shares Down 6.5% – What’s Next?

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) fell 6.5% during mid-day trading on Monday . The company traded as low as $6.03 and last traded at $6.08. 736,541 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 1,203,739 shares. The stock had previously closed at $6.50.

Wall Street Analyst Weigh In

A number of analysts recently commented on HAIN shares. Piper Sandler reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Barclays dropped 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 report on Monday, November 11th. Finally, DA Davidson cut 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. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group has an average rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Trading Up 0.5 %

The stock’s 50-day moving average is $7.77 and its two-hundred day moving average is $7.68. 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 stock has a market cap of $554.69 million, a P/E ratio of -6.54 and a beta of 0.72.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (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 company had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter last year, the firm posted ($0.04) earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. Equities research analysts anticipate that The Hain Celestial Group, Inc. will post 0.44 EPS for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

Several large investors have recently bought and sold shares of the stock. Creative Planning raised its holdings in The Hain Celestial Group by 3.6% in the third quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after acquiring an additional 1,272 shares in the last quarter. CWM LLC raised its holdings in shares of The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after purchasing an additional 1,276 shares in the last quarter. US Bancorp DE lifted its position in shares of The Hain Celestial Group by 10.3% during the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after purchasing an additional 1,815 shares during the last quarter. Signaturefd LLC grew its stake in shares of The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after purchasing an additional 2,226 shares in the last quarter. Finally, FMR LLC increased its holdings in The Hain Celestial Group by 14.9% in the third quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after buying an additional 2,280 shares during the last quarter. Hedge funds and other 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.