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

The Hain Celestial Group, Inc. (NASDAQ:HAIN)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $7.36, but opened at $7.19. The Hain Celestial Group shares last traded at $7.44, with a volume of 153,503 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler reiterated 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 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 research report on Monday, November 11th. Stifel Nicolaus upped their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Finally, DA Davidson dropped their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, The Hain Celestial Group has an average rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Stock Performance

The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $671.92 million, a PE ratio of -7.83 and a beta of 0.74. The firm has a 50 day moving average price of $8.24 and a 200-day moving average price of $7.61.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results 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 business had revenue of $394.60 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) earnings per share. Research analysts expect that The Hain Celestial Group, Inc. will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Chad D. Marquardt bought 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the purchase, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. This trade represents a 53.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP grew 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 acquiring an additional 2,423 shares during the period. Signaturefd LLC raised its stake in shares of The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after buying an additional 2,226 shares during the period. nVerses Capital LLC raised its stake in shares of The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after buying an additional 2,900 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted 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 buying an additional 3,432 shares in the last quarter. Finally, CWM LLC grew its stake in The Hain Celestial Group by 357.8% in the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after acquiring an additional 6,895 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.