The Hain Celestial Group (NASDAQ:HAIN) Shares Up 4.7% – Here’s What Happened

The Hain Celestial Group, Inc. (NASDAQ:HAIN) shares were up 4.7% during trading on Friday . The company traded as high as $7.22 and last traded at $7.18. Approximately 917,863 shares traded 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 Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. DA Davidson lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Stifel Nicolaus raised 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. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, Barclays reduced their price target 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, November 11th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.43.

The Hain Celestial Group Price Performance

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 50-day moving average price of $8.27 and a 200-day moving average price of $7.59.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly 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 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 during the quarter, compared to the consensus estimate of $394.24 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.47 EPS for the current year.

Insider Buying and Selling at The Hain Celestial Group

In related news, insider Chad D. Marquardt bought 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of $8.32 per share, with a total value of $44,096.00. Following the acquisition, the insider now owns 15,300 shares in the company, valued at $127,296. This trade represents a 53.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HAIN. Allworth Financial LP lifted its position in shares of The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after acquiring an additional 2,226 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after purchasing an additional 2,900 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake in The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after buying an additional 3,432 shares during the period. Finally, CWM LLC boosted its stake in shares of The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after purchasing an additional 6,895 shares during the period. 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.