The Hain Celestial Group (NASDAQ:HAIN) Shares Gap Up – Should You Buy?

The Hain Celestial Group, Inc. (NASDAQ:HAIN)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $5.32, but opened at $5.46. The Hain Celestial Group shares last traded at $5.52, with a volume of 189,372 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HAIN. Piper Sandler lowered their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus decreased their price objective on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Friday. DA Davidson cut their price objective 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, November 12th. Finally, Barclays decreased their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.71.

The Hain Celestial Group Trading Up 2.1 %

The firm’s 50-day simple moving average is $6.72 and its 200 day simple moving average is $7.46. 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 capitalization of $489.91 million, a price-to-earnings ratio of -5.77 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $394.60 million during the quarter, compared to the consensus estimate 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 revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. Equities analysts expect that The Hain Celestial Group, Inc. will post 0.43 earnings per share for the current year.

Institutional Trading of The Hain Celestial Group

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in The Hain Celestial Group by 3.6% in the third quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after purchasing an additional 1,272 shares in the last quarter. CWM LLC increased its stake in The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after purchasing an additional 1,276 shares in the last quarter. US Bancorp DE raised its holdings in The Hain Celestial Group by 10.3% during the third quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after buying an additional 1,815 shares during the last quarter. FMR LLC lifted its stake in shares of The Hain Celestial Group by 14.9% in the third quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after buying an additional 2,280 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after acquiring an additional 2,423 shares in the last quarter. 97.01% of the stock is currently owned by 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.