The Hain Celestial Group (NASDAQ:HAIN) Stock Price Up 4.7% – What’s Next?

The Hain Celestial Group, Inc. (NASDAQ:HAIN) rose 4.7% during mid-day trading on Friday . The company traded as high as $7.22 and last traded at $7.18. Approximately 917,863 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 1,194,657 shares. The stock had previously closed at $6.86.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Barclays cut their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday. DA Davidson reduced their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday. Piper Sandler reaffirmed a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research 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 report on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Trading Up 4.7 %

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 business’s 50 day moving average is $8.29 and its 200-day moving average is $7.58.

The Hain Celestial Group (NASDAQ:HAIN) last posted 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 Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. During the same period last year, the company posted ($0.04) earnings per share. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, equities analysts predict that The Hain Celestial Group, Inc. will post 0.46 EPS for the current fiscal year.

Insider Activity

In other The Hain Celestial Group news, insider Chad D. Marquardt bought 5,300 shares of The Hain Celestial Group stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares in the company, valued at $127,296. This represents a 53.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds have recently bought and sold shares of HAIN. State Street Corp raised its position in The Hain Celestial Group by 0.4% during the third quarter. State Street Corp now owns 3,464,855 shares of the company’s stock valued at $29,902,000 after purchasing an additional 15,494 shares in the last quarter. Quantinno Capital Management LP bought a new stake in The Hain Celestial Group in the 3rd quarter worth approximately $108,000. Point72 DIFC Ltd purchased a new stake in The Hain Celestial Group in the third quarter worth approximately $129,000. Hotchkis & Wiley Capital Management LLC grew its position in The Hain Celestial Group by 54.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after acquiring an additional 434,070 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in The Hain Celestial Group in the 3rd quarter worth $136,000. 97.01% of the stock is currently owned by 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.