The Hain Celestial Group (NASDAQ:HAIN) Shares Gap Down – What’s Next?

The Hain Celestial Group, Inc. (NASDAQ:HAIN) gapped down prior to trading on Thursday . The stock had previously closed at $8.90, but opened at $8.11. The Hain Celestial Group shares last traded at $7.85, with a volume of 558,296 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HAIN shares. DA Davidson reissued a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Barclays increased their price target on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 29th. Stifel Nicolaus raised their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, The Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $9.57.

The Hain Celestial Group Stock Performance

The company has a market capitalization of $667.59 million, a P/E ratio of -9.60 and a beta of 0.74. The stock has a fifty day simple moving average of $8.43 and a 200-day simple moving average of $7.55. The company has a quick ratio of 1.01, a current ratio of 1.98 and a debt-to-equity ratio of 0.78.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The company had revenue of $419.00 million during the quarter, compared to analyst estimates of $417.99 million. During the same period last year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities analysts forecast that The Hain Celestial Group, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling

In other news, insider Chad D. Marquardt acquired 5,300 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares in the company, valued at $127,296. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Millennium Management LLC increased its holdings in The Hain Celestial Group by 171.3% in the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after purchasing an additional 1,663,542 shares during the last quarter. Invenomic Capital Management LP bought a new stake in shares of The Hain Celestial Group in the 1st quarter valued at about $11,294,000. Federated Hermes Inc. raised its position in shares of The Hain Celestial Group by 224.9% in the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock valued at $5,946,000 after acquiring an additional 595,649 shares during the period. AQR Capital Management LLC bought a new position in The Hain Celestial Group during the 2nd quarter worth approximately $3,942,000. Finally, Blair William & Co. IL grew its holdings in The Hain Celestial Group by 418.3% during the first quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock valued at $2,884,000 after purchasing an additional 296,150 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

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.