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

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on HAIN. JPMorgan Chase & Co. decreased their target price on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Stifel Nicolaus lowered their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, April 26th. Mizuho cut their price target on shares of 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. Barclays decreased their price objective on shares of The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Finally, DA Davidson started coverage on The Hain Celestial Group in a report on Friday, March 1st. They issued a “neutral” rating and a $10.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $12.70.

The Hain Celestial Group Stock Down 0.2 %

The business has a 50-day simple moving average of $7.45 and a two-hundred day simple moving average of $9.55. The company has a market capitalization of $597.37 million, a price-to-earnings ratio of -3.76 and a beta of 0.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.24.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $454.10 million during 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% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. As a group, equities analysts predict that The Hain Celestial Group, Inc. will post 0.29 EPS for the current year.

Insider Transactions at The Hain Celestial Group

In other The Hain Celestial Group news, CEO Wendy P. Davidson bought 5,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average cost of $9.46 per share, with a total value of $47,300.00. Following the purchase, the chief executive officer now owns 58,309 shares in the company, valued at approximately $551,603.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently made changes to their positions in HAIN. Raymond James & Associates boosted its position in The Hain Celestial Group by 4.5% during the third quarter. Raymond James & Associates now owns 217,891 shares of the company’s stock worth $2,260,000 after purchasing an additional 9,362 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of The Hain Celestial Group by 9.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,773 shares of the company’s stock valued at $195,000 after purchasing an additional 1,587 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of The Hain Celestial Group during the 3rd quarter worth approximately $352,000. Inspire Investing LLC raised its position in shares of The Hain Celestial Group by 17.3% during the 3rd quarter. Inspire Investing LLC now owns 29,366 shares of the company’s stock worth $305,000 after purchasing an additional 4,327 shares during the last quarter. Finally, Olympiad Research LP purchased a new stake in The Hain Celestial Group in the 3rd quarter valued at approximately $173,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.