The Hain Celestial Group (NASDAQ:HAIN) Shares Down 3.7%

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) dropped 3.7% on Monday . The stock traded as low as $6.49 and last traded at $6.55. Approximately 833,088 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 1,262,329 shares. The stock had previously closed at $6.80.

Wall Street Analyst Weigh In

A number of research firms have commented on HAIN. Stifel Nicolaus dropped their price target on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. DA Davidson initiated coverage on The Hain Celestial Group in a research report on Friday, March 1st. They set a “neutral” rating and a $10.00 price target on the stock. Mizuho cut their price objective on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Barclays lowered their target price on The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. Finally, Maxim Group cut their price target on shares of The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.70.

The Hain Celestial Group Stock Performance

The company has a current ratio of 2.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $597.37 million, a PE ratio of -3.76 and a beta of 0.74. The firm’s fifty day moving average price is $7.45 and its 200 day moving average price is $9.55.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $454.10 million for the quarter, compared to the consensus estimate of $461.31 million. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share. On average, research analysts anticipate that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current year.

Insider Activity at The Hain Celestial Group

In other news, CEO Wendy P. Davidson purchased 5,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $9.46 per share, with a total value of $47,300.00. Following the acquisition, the chief executive officer now directly owns 58,309 shares in the company, valued at approximately $551,603.14. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HAIN. Headlands Technologies LLC raised its holdings in shares of The Hain Celestial Group by 62.1% in the 1st quarter. Headlands Technologies LLC now owns 20,529 shares of the company’s stock worth $161,000 after buying an additional 7,862 shares in the last quarter. Inspire Investing LLC raised its stake in The Hain Celestial Group by 28.7% during the first quarter. Inspire Investing LLC now owns 45,139 shares of the company’s stock worth $355,000 after acquiring an additional 10,073 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of The Hain Celestial Group by 17.9% during the first quarter. Sei Investments Co. now owns 54,087 shares of the company’s stock valued at $425,000 after acquiring an additional 8,203 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of The Hain Celestial Group by 3.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock valued at $426,000 after purchasing an additional 1,710 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of The Hain Celestial Group by 6.2% in the 1st quarter. Quantbot Technologies LP now owns 52,417 shares of the company’s stock worth $412,000 after purchasing an additional 3,047 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.