The Hain Celestial Group (NASDAQ:HAIN) Shares Gap Up – What’s Next?

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) gapped up prior to trading on Monday . The stock had previously closed at $5.32, but opened at $5.46. The Hain Celestial Group shares last traded at $5.52, with a volume of 189,372 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus cut their target price on The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday. Barclays decreased their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Piper Sandler reduced their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, DA Davidson lowered their target price on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $8.71.

The Hain Celestial Group Stock Performance

The stock has a market cap of $489.91 million, a PE ratio of -5.77 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 company’s 50-day moving average price is $6.72 and its two-hundred day moving average price is $7.46.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $394.60 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. On average, equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.43 EPS for the current year.

Institutional Trading of The Hain Celestial Group

Several institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in shares of The Hain Celestial Group by 433.5% in the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in The Hain Celestial Group by 225.5% in the third 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. Evergreen Capital Management LLC purchased a new stake in shares of The Hain Celestial Group during the second quarter valued at approximately $72,000. Canada Pension Plan Investment Board bought a new position in shares of The Hain Celestial Group in the second quarter worth approximately $82,000. Finally, Intech Investment Management LLC purchased a new position in shares of The Hain Celestial Group in the second quarter worth $82,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

About The Hain Celestial Group

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.