The Hain Celestial Group, Inc. (NASDAQ:HAIN) Sees Significant Growth in Short Interest

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 5,120,000 shares, an increase of 8.5% from the November 15th total of 4,720,000 shares. Currently, 5.7% of the shares of the stock are sold short. Based on an average trading volume of 1,140,000 shares, the short-interest ratio is presently 4.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in shares of The Hain Celestial Group by 3.6% during the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after buying an additional 1,272 shares during the period. CWM LLC raised its holdings in shares of The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after acquiring an additional 1,276 shares in the last quarter. US Bancorp DE grew its stake in The Hain Celestial Group by 10.3% in the third quarter. US Bancorp DE now owns 19,518 shares of the company’s stock valued at $168,000 after purchasing an additional 1,815 shares in the last quarter. Signaturefd LLC increased its position in The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after purchasing an additional 2,226 shares during the last quarter. Finally, FMR LLC raised its stake in shares of The Hain Celestial Group by 14.9% during the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock worth $152,000 after purchasing an additional 2,280 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Trading Down 1.7 %

The Hain Celestial Group stock traded down $0.13 during midday trading on Tuesday, reaching $7.42. The stock had a trading volume of 291,679 shares, compared to its average volume of 1,190,896. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $11.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The firm has a market cap of $669.24 million, a price-to-earnings ratio of -7.93 and a beta of 0.71. The firm’s fifty day simple moving average is $8.22 and its two-hundred day simple moving average is $7.75.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results 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 business 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. Equities analysts anticipate that The Hain Celestial Group will post 0.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HAIN shares. Barclays cut their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. DA Davidson reduced their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Finally, Stifel Nicolaus increased their price objective on 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. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and a consensus price target of $9.43.

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.