The Hain Celestial Group (NASDAQ:HAIN) Stock Price Down 3.6% – What’s Next?

The Hain Celestial Group, Inc. (NASDAQ:HAIN)’s share price fell 3.6% during trading on Monday . The stock traded as low as $5.97 and last traded at $5.97. 72,295 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 856,459 shares. The stock had previously closed at $6.19.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of 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. Piper Sandler restated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Finally, DA Davidson cut their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Stock Performance

The company has a market cap of $524.93 million, a PE ratio of -6.19 and a beta of 0.76. 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 firm’s 50 day moving average is $7.63 and its 200-day moving average is $7.66.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The Hain Celestial Group’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS. On average, research analysts anticipate that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds have recently modified their holdings of the company. Quest Partners LLC grew its stake in shares of The Hain Celestial Group by 387.1% in the 3rd quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock valued at $1,835,000 after buying an additional 168,996 shares during the period. Deerfield Management Company L.P. Series C increased its stake in The Hain Celestial Group by 391.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock worth $861,000 after acquiring an additional 99,246 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of The Hain Celestial Group during the 3rd quarter worth $2,515,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of The Hain Celestial Group by 54.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after purchasing an additional 434,070 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in The Hain Celestial Group by 83.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,580 shares of the company’s stock valued at $238,000 after buying an additional 12,542 shares during the last quarter. 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.