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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) fell 6.5% during trading on Monday . The company traded as low as $6.03 and last traded at $6.08. 736,541 shares traded hands during 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 Analysts Forecast Growth

HAIN has been the subject of several research reports. DA Davidson reduced their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Finally, Barclays reduced their price objective on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.43.

The Hain Celestial Group Stock Performance

The business’s fifty day moving average price is $7.87 and its 200-day moving average price is $7.69. The stock has a market capitalization of $550.18 million, a PE ratio of -6.49 and a beta of 0.71. 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 Hain Celestial Group (NASDAQ:HAIN) last released its quarterly 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 firm had revenue of $394.60 million during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) EPS. As a group, equities research analysts expect that The Hain Celestial Group, Inc. will post 0.44 EPS for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of large investors have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of The Hain Celestial Group by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock valued at $39,380,000 after purchasing an additional 62,865 shares in the last quarter. State Street Corp lifted its stake in The Hain Celestial Group by 0.4% in the third quarter. State Street Corp now owns 3,464,855 shares of the company’s stock worth $29,902,000 after purchasing an additional 15,494 shares during the last quarter. Millennium Management LLC boosted its position in The Hain Celestial Group by 171.3% during the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after buying an additional 1,663,542 shares during the period. Geode Capital Management LLC grew its stake in shares of The Hain Celestial Group by 6.8% during 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 during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of The Hain Celestial Group by 54.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after buying an additional 434,070 shares during the period. 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.