The Hain Celestial Group (NASDAQ:HAIN) Reaches New 1-Year Low – Here’s Why

The Hain Celestial Group, Inc. (NASDAQ:HAIN) reached a new 52-week low during trading on Tuesday . The company traded as low as $5.57 and last traded at $5.60, with a volume of 1467765 shares. The stock had previously closed at $6.19.

Analyst Upgrades and Downgrades

HAIN has been the topic of a number of research analyst reports. Piper Sandler reissued a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, DA Davidson lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Trading Down 1.5 %

The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $7.50 and a 200-day simple moving average of $7.64. The firm has a market cap of $485.24 million, a P/E ratio of -5.72 and a beta of 0.76.

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

Hedge Funds Weigh In On The Hain Celestial Group

Large investors have recently modified their holdings of the stock. Allworth Financial LP increased its position in shares of The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after purchasing an additional 2,423 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after purchasing an additional 3,432 shares during the last quarter. Choreo LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $71,000. Evergreen Capital Management LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $72,000. Finally, Intech Investment Management LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $82,000. 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.