The Hain Celestial Group (NASDAQ:HAIN) Shares Down 5.2%

The Hain Celestial Group, Inc. (NASDAQ:HAIN) shares fell 5.2% during mid-day trading on Tuesday . The company traded as low as $5.98 and last traded at $5.98. 830,923 shares were traded during mid-day trading, a decline of 29% from the average session volume of 1,174,132 shares. The stock had previously closed at $6.31.

Analysts Set New Price Targets

A number of brokerages have issued reports on HAIN. DA Davidson began coverage on The Hain Celestial Group in a research note on Friday, March 1st. They issued a “neutral” rating and a $10.00 target price for the company. JPMorgan Chase & Co. cut their target price on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Barclays cut their target price on The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Mizuho cut their target price on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Finally, Maxim Group cut their target price on The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and a consensus target price of $13.00.

The Hain Celestial Group Price Performance

The company has a current ratio of 2.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average price of $8.44 and a two-hundred day moving average price of $9.98.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The business had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $461.31 million. During the same period in the prior year, the business posted $0.20 EPS. The company’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts expect that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current year.

Insider Activity at The Hain Celestial Group

In other news, CEO Wendy P. Davidson bought 5,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of $9.46 per share, for a total transaction of $47,300.00. Following the acquisition, the chief executive officer now directly owns 58,309 shares of the company’s stock, valued at approximately $551,603.14. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its stake in shares of The Hain Celestial Group by 4.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company’s stock valued at $327,000 after buying an additional 425 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of The Hain Celestial Group by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the company’s stock valued at $303,000 after buying an additional 443 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of The Hain Celestial Group by 30.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,121 shares of the company’s stock valued at $50,000 after buying an additional 721 shares during the period. Mariner LLC boosted its stake in shares of The Hain Celestial Group by 6.8% in the 4th quarter. Mariner LLC now owns 13,099 shares of the company’s stock valued at $212,000 after buying an additional 839 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of The Hain Celestial Group by 1.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 60,504 shares of the company’s stock valued at $1,021,000 after buying an additional 885 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.