The Hain Celestial Group (NASDAQ:HAIN) Reaches New 12-Month Low at $7.60

The Hain Celestial Group, Inc. (NASDAQ:HAINGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $7.60 and last traded at $7.60, with a volume of 62176 shares changing hands. The stock had previously closed at $7.86.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HAIN shares. Maxim Group lowered their target price on The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. JPMorgan Chase & Co. reduced their price target on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. Finally, DA Davidson initiated coverage on The Hain Celestial Group in a report on Friday, March 1st. They set a “neutral” rating and a $10.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.50.

View Our Latest Stock Report on HAIN

The Hain Celestial Group Price Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 2.24 and a quick ratio of 1.14. The firm has a 50 day moving average of $9.42 and a 200-day moving average of $10.27.

The Hain Celestial Group (NASDAQ:HAINGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The business had revenue of $454.10 million during the quarter, compared to the consensus estimate of $461.31 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue was up .0% on a year-over-year basis. As a group, analysts predict that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling at The Hain Celestial Group

In other news, CEO Wendy P. Davidson acquired 5,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was acquired at an average cost of $9.46 per share, for a total transaction of $47,300.00. Following the completion of the transaction, the chief executive officer now directly owns 58,309 shares in the company, valued at $551,603.14. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in shares of The Hain Celestial Group by 130.7% during the first quarter. Covestor Ltd now owns 2,469 shares of the company’s stock worth $85,000 after buying an additional 1,399 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of The Hain Celestial Group by 371.9% during the first quarter. Tower Research Capital LLC TRC now owns 2,690 shares of the company’s stock worth $46,000 after buying an additional 2,120 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of The Hain Celestial Group by 30.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,121 shares of the company’s stock worth $50,000 after buying an additional 721 shares in the last quarter. Signaturefd LLC increased its holdings in shares of The Hain Celestial Group by 265.2% during the fourth quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock worth $45,000 after buying an additional 2,997 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of The Hain Celestial Group by 1,647.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company’s stock worth $46,000 after buying an additional 4,200 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Company Profile

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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.

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