The Hain Celestial Group (NASDAQ:HAIN) Shares Gap Up to $6.66

The Hain Celestial Group, Inc. (NASDAQ:HAIN) gapped up prior to trading on Wednesday . The stock had previously closed at $6.66, but opened at $7.10. The Hain Celestial Group shares last traded at $7.12, with a volume of 317,631 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho decreased their price objective on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. Stifel Nicolaus cut their target price on The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Maxim Group dropped their price target on The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Barclays reduced their price target on shares of The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Finally, DA Davidson initiated coverage on The Hain Celestial Group in a research note on Friday, March 1st. They issued a “neutral” rating and a $10.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.70.

The Hain Celestial Group Stock Up 0.8 %

The firm has a market capitalization of $602.76 million, a P/E ratio of -4.05 and a beta of 0.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.24. The stock has a 50 day moving average of $7.51 and a 200-day moving average of $9.57.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $454.10 million for the quarter, compared to analyst estimates of $461.31 million. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Research analysts predict that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at The Hain Celestial Group

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sasco Capital Inc. CT boosted its position in shares of The Hain Celestial Group by 55.6% in the third quarter. Sasco Capital Inc. CT now owns 2,283,359 shares of the company’s stock valued at $23,678,000 after acquiring an additional 816,070 shares during the period. Norges Bank bought a new position in shares of The Hain Celestial Group in the fourth quarter worth $7,199,000. PGGM Investments raised its position in shares of The Hain Celestial Group by 12.6% in the third quarter. PGGM Investments now owns 4,131,942 shares of the company’s stock worth $42,848,000 after buying an additional 462,919 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in The Hain Celestial Group by 11.9% during the third quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company’s stock valued at $38,913,000 after buying an additional 398,441 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in The Hain Celestial Group during the first quarter worth about $1,937,000. 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.