The Hain Celestial Group (NASDAQ:HAIN) Trading 3.4% Higher

The Hain Celestial Group, Inc. (NASDAQ:HAIN)’s share price traded up 3.4% during mid-day trading on Tuesday . The company traded as high as $8.27 and last traded at $8.27. 475,130 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 1,211,965 shares. The stock had previously closed at $8.00.

Analyst Ratings Changes

HAIN has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Barclays increased their price objective on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th. Piper Sandler dropped their target price on The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Maxim Group decreased their price target on The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, DA Davidson restated a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and an average price target of $10.88.

The Hain Celestial Group Price Performance

The stock has a fifty day moving average of $7.18 and a 200 day moving average of $7.45. The stock has a market cap of $748.40 million, a price-to-earnings ratio of -7.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.07.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The firm had revenue of $419.00 million for the quarter, compared to analyst estimates of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, analysts expect that The Hain Celestial Group, Inc. will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. increased its holdings in shares of The Hain Celestial Group by 45.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 233,420 shares of the company’s stock valued at $1,613,000 after purchasing an additional 72,961 shares in the last quarter. Algert Global LLC increased its holdings in The Hain Celestial Group by 98.1% in the second quarter. Algert Global LLC now owns 328,282 shares of the company’s stock valued at $2,268,000 after buying an additional 162,546 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of The Hain Celestial Group in the second quarter worth about $139,000. Millennium Management LLC boosted its stake in shares of The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after acquiring an additional 1,663,542 shares in the last quarter. Finally, Dark Forest Capital Management LP grew its position in shares of The Hain Celestial Group by 133.5% during the 2nd quarter. Dark Forest Capital Management LP now owns 56,762 shares of the company’s stock valued at $392,000 after acquiring an additional 32,451 shares during the period. 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.