The Hain Celestial Group, Inc. (NASDAQ:HAIN) Short Interest Update

The Hain Celestial Group, Inc. (NASDAQ:HAIN) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 5,990,000 shares, a growth of 13.2% from the September 30th total of 5,290,000 shares. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is currently 4.9 days. Currently, 6.7% of the shares of the company are sold short.

The Hain Celestial Group Price Performance

Shares of HAIN traded down $0.02 during midday trading on Thursday, hitting $8.73. 709,385 shares of the company traded hands, compared to its average volume of 1,175,045. The Hain Celestial Group has a one year low of $5.68 and a one year high of $12.49. The firm has a market cap of $784.39 million, a P/E ratio of -10.50 and a beta of 0.75. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01. The stock has a 50-day moving average of $8.25 and a 200-day moving average of $7.44.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business had revenue of $419.00 million for the quarter, compared to analyst estimates of $417.99 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The Hain Celestial Group’s revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts predict that The Hain Celestial Group will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HAIN shares. Barclays boosted their target price on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. Piper Sandler restated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. DA Davidson reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Finally, Stifel Nicolaus lifted their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $9.57.

Insider Activity at The Hain Celestial Group

In related news, insider Chad D. Marquardt acquired 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently made changes to their positions in HAIN. PNC Financial Services Group Inc. lifted its position in The Hain Celestial Group by 17.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,839 shares of the company’s stock valued at $152,000 after purchasing an additional 2,096 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in The Hain Celestial Group by 13.0% in the 1st quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock worth $129,000 after purchasing an additional 1,885 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in The Hain Celestial Group by 10.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,058 shares of the company’s stock valued at $386,000 after purchasing an additional 4,708 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of The Hain Celestial Group by 164.6% during the first quarter. BNP Paribas Financial Markets now owns 70,526 shares of the company’s stock valued at $554,000 after purchasing an additional 43,873 shares during the period. Finally, Access Investment Management LLC purchased a new stake in shares of The Hain Celestial Group during the first quarter valued at approximately $645,000. 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.