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

The Hain Celestial Group, Inc. (NASDAQ:HAIN)’s stock price was down 3.7% during trading on Friday . The company traded as low as $8.31 and last traded at $8.31. Approximately 194,355 shares were traded during trading, a decline of 84% from the average daily volume of 1,201,217 shares. The stock had previously closed at $8.63.

Analysts Set New Price Targets

Several research analysts have commented on HAIN shares. 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. DA Davidson lowered their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Stifel Nicolaus increased their price objective 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. Finally, Barclays lowered 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 research note on Monday, November 11th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Stock Down 4.2 %

The firm has a market capitalization of $745.87 million, a price-to-earnings ratio of -9.18 and a beta of 0.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The business has a 50 day simple moving average of $8.27 and a 200-day simple moving average of $7.67.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The Hain Celestial Group’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) EPS. On average, equities analysts expect that The Hain Celestial Group, Inc. will post 0.46 EPS for the current year.

Insider Buying and Selling

In related news, insider Chad D. Marquardt acquired 5,300 shares of The Hain Celestial Group stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. The trade was a 53.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Hain Celestial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of The Hain Celestial Group by 5.7% in the third quarter. Franklin Resources Inc. now owns 52,507 shares of the company’s stock valued at $445,000 after buying an additional 2,814 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of The Hain Celestial Group in the third quarter valued at about $93,000. Barclays PLC grew its stake in shares of The Hain Celestial Group by 124.6% in the third quarter. Barclays PLC now owns 182,609 shares of the company’s stock valued at $1,576,000 after buying an additional 101,290 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of The Hain Celestial Group by 6.8% in the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after buying an additional 142,097 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of The Hain Celestial Group in the third quarter valued at about $127,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.