The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Rating) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 3,300,000 shares, a decline of 5.2% from the August 31st total of 3,480,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is presently 2.5 days. Approximately 3.8% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Several research analysts have weighed in on HAIN shares. Maxim Group lowered their target price on The Hain Celestial Group from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, August 26th. StockNews.com downgraded The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 15th. Piper Sandler reduced their price objective on The Hain Celestial Group from $27.00 to $24.00 and set an “overweight” rating for the company in a report on Monday, September 19th. Cowen reduced their price objective on The Hain Celestial Group to $27.00 in a report on Monday, August 15th. Finally, Consumer Edge cut The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $30.00 to $23.00 in a report on Monday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.
Hedge Funds Weigh In On The Hain Celestial Group
Several institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its position in shares of The Hain Celestial Group by 4.5% in the first quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company’s stock valued at $327,000 after purchasing an additional 425 shares during the last quarter. PNC Financial Services Group Inc. grew its position in The Hain Celestial Group by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the company’s stock worth $303,000 after buying an additional 443 shares in the last quarter. Bank of New Hampshire grew its position in The Hain Celestial Group by 3.4% during the first quarter. Bank of New Hampshire now owns 13,680 shares of the company’s stock worth $471,000 after buying an additional 455 shares in the last quarter. American Trust grew its position in The Hain Celestial Group by 9.3% during the first quarter. American Trust now owns 6,136 shares of the company’s stock worth $211,000 after buying an additional 522 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Hain Celestial Group by 2.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,280 shares of the company’s stock worth $835,000 after buying an additional 530 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.
The Hain Celestial Group Stock Down 2.0 %
HAIN opened at $16.88 on Monday. The Hain Celestial Group has a 12 month low of $16.03 and a 12 month high of $48.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.23 and a quick ratio of 1.08. The stock has a market cap of $1.51 billion, a P/E ratio of 20.34 and a beta of 0.70. The stock’s 50 day moving average price is $21.06 and its 200 day moving average price is $25.64.
The Hain Celestial Group (NASDAQ:HAIN – Get Rating) last issued its quarterly earnings results on Thursday, August 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19). The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $461.69 million. The Hain Celestial Group had a net margin of 4.12% and a return on equity of 7.89%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. As a group, research analysts predict that The Hain Celestial Group will post 0.96 earnings per share for the current year.
The Hain Celestial Group Company Profile
The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.
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