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

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

Analysts Set New Price Targets

HAIN has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Stifel Nicolaus decreased 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. Maxim Group cut their price objective on shares of The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. 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 target price on the stock. Finally, Mizuho lowered their price target on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 3rd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.70.

The Hain Celestial Group Stock Down 0.2 %

The company has a market cap of $597.37 million, a P/E ratio of -3.76 and a beta of 0.74. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.24 and a quick ratio of 1.14. The business’s 50 day moving average price is $7.45 and its 200-day moving average price is $9.55.

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

Insider Buying and Selling

In other The Hain Celestial Group news, CEO Wendy P. Davidson acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $9.46 per share, for a total transaction of $47,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 58,309 shares of the company’s stock, valued at approximately $551,603.14. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Hain Celestial Group

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