Short Interest in The Hain Celestial Group, Inc. (NASDAQ:HAIN) Rises By 6.4%

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 5,290,000 shares, an increase of 6.4% from the December 31st total of 4,970,000 shares. Currently, 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is currently 4.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rice Hall James & Associates LLC bought a new position in The Hain Celestial Group during the 4th quarter valued at approximately $2,652,000. Principal Financial Group Inc. raised its position in The Hain Celestial Group by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 437,354 shares of the company’s stock valued at $2,690,000 after purchasing an additional 13,849 shares during the last quarter. Rhumbline Advisers raised its position in The Hain Celestial Group by 2.6% during the 4th quarter. Rhumbline Advisers now owns 289,050 shares of the company’s stock valued at $1,778,000 after purchasing an additional 7,313 shares during the last quarter. Grace & White Inc. NY bought a new position in The Hain Celestial Group during the 4th quarter valued at approximately $86,000. Finally, Van ECK Associates Corp raised its position in The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after purchasing an additional 3,554 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Trading Down 5.1 %

NASDAQ HAIN opened at $4.80 on Tuesday. The Hain Celestial Group has a 1-year low of $4.47 and a 1-year high of $11.68. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $6.39 and a 200-day moving average of $7.36. The firm has a market cap of $432.91 million, a PE ratio of -5.11 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last released its 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 negative net margin of 4.94% and a positive return on equity of 3.13%. The company had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. During the same period last year, the firm posted ($0.04) EPS. The company’s revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts forecast that The Hain Celestial Group will post 0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

HAIN has been the subject of several recent analyst reports. DA Davidson reduced their target price 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. Barclays reduced their target price on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their price target on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday. Stifel Nicolaus dropped their price target on The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Piper Sandler dropped their price target on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.14.

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.