The Hain Celestial Group, Inc. (NASDAQ:HAIN) Sees Significant Decline in Short Interest

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 5,290,000 shares, a decline of 5.5% from the September 15th total of 5,600,000 shares. Currently, 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,260,000 shares, the days-to-cover ratio is currently 4.2 days.

Insider Activity at The Hain Celestial Group

In related news, insider Chad D. Marquardt purchased 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $8.32 per share, with a total value of $44,096.00. Following the purchase, the insider now directly owns 15,300 shares in the company, valued at $127,296. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.72% of the stock is owned by insiders.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB bought a new stake in The Hain Celestial Group in the third quarter valued at about $216,000. Creative Planning increased its holdings in The Hain Celestial Group by 3.6% in the third quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after purchasing an additional 1,272 shares during the last quarter. CWM LLC increased its holdings in The Hain Celestial Group by 14.5% in the third quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after purchasing an additional 1,276 shares during the last quarter. GAMMA Investing LLC increased its holdings in The Hain Celestial Group by 71.9% in the third quarter. GAMMA Investing LLC now owns 25,400 shares of the company’s stock valued at $219,000 after purchasing an additional 10,628 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in The Hain Celestial Group in the third quarter valued at about $260,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Trading Down 0.1 %

HAIN stock opened at $8.73 on Thursday. The company has a market cap of $784.34 million, a P/E ratio of -8.56 and a beta of 0.75. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $12.49. 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 business has a fifty day moving average of $7.84 and a 200-day moving average of $7.30.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $419.00 million during the quarter, compared to the consensus estimate of $417.99 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, equities research analysts expect that The Hain Celestial Group will post 0.48 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on HAIN shares. DA Davidson reiterated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Stifel Nicolaus lifted their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Barclays lifted their price objective on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, August 29th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, The Hain Celestial Group has an average rating of “Hold” and a consensus target price of $9.57.

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.