The Hain Celestial Group (NASDAQ:HAIN) Shares Down 5.7%

The Hain Celestial Group, Inc. (NASDAQ:HAIN) shares dropped 5.7% during trading on Tuesday . The company traded as low as $6.74 and last traded at $6.76. Approximately 224,842 shares changed hands during trading, a decline of 81% from the average daily volume of 1,180,797 shares. The stock had previously closed at $7.17.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HAIN. Piper Sandler decreased their price target on The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Stifel Nicolaus decreased their price target on The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Maxim Group decreased their price target on The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Barclays decreased their price target on The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. Finally, Mizuho decreased their price target on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and a consensus price target of $10.78.

The Hain Celestial Group Stock Up 3.4 %

The firm has a market capitalization of $633.37 million, a price-to-earnings ratio of -6.91 and a beta of 0.77. The company has a current ratio of 2.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average price of $7.12 and a two-hundred day moving average price of $8.36.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. The business had revenue of $438.36 million for the quarter, compared to analyst estimates of $463.37 million. The Hain Celestial Group had a positive return on equity of 2.91% and a negative net margin of 5.14%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. On average, equities analysts expect that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at The Hain Celestial Group

In related news, insider Chad D. Marquardt bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $6.95 per share, for a total transaction of $69,500.00. Following the acquisition, the insider now owns 10,000 shares in the company, valued at approximately $69,500. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other The Hain Celestial Group news, CEO Wendy P. Davidson acquired 5,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were bought at an average cost of $6.99 per share, for a total transaction of $34,950.00. Following the acquisition, the chief executive officer now directly owns 63,309 shares of the company’s stock, valued at $442,529.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chad D. Marquardt acquired 10,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were acquired at an average price of $6.95 per share, for a total transaction of $69,500.00. Following the completion of the acquisition, the insider now directly owns 10,000 shares in the company, valued at $69,500. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 28,500 shares of company stock worth $207,995. 0.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds and other institutional investors have recently bought and sold shares of HAIN. Invenomic Capital Management LP purchased a new stake in The Hain Celestial Group during the 1st quarter worth approximately $11,294,000. Norges Bank purchased a new stake in The Hain Celestial Group during the 4th quarter worth approximately $7,199,000. Blair William & Co. IL increased its holdings in The Hain Celestial Group by 418.3% during the 1st quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock worth $2,884,000 after purchasing an additional 296,150 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in The Hain Celestial Group during the 1st quarter worth approximately $1,937,000. Finally, Assenagon Asset Management S.A. increased its holdings in The Hain Celestial Group by 60.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 610,760 shares of the company’s stock worth $4,801,000 after purchasing an additional 229,813 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.