The Hain Celestial Group (NASDAQ:HAIN) Stock Price Up 4.7% – Should You Buy?

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) traded up 4.7% on Friday . The stock traded as high as $7.22 and last traded at $7.18. 917,863 shares were traded during mid-day trading, a decline of 23% from the average session volume of 1,194,657 shares. The stock had previously closed at $6.86.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HAIN. DA Davidson lowered their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Barclays dropped their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Piper Sandler reissued 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. Finally, Stifel Nicolaus increased their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.43.

The Hain Celestial Group Trading Up 5.5 %

The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average price is $8.27 and its 200 day moving average price is $7.59.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. Equities analysts expect that The Hain Celestial Group, Inc. will post 0.47 earnings per share for the current year.

Insider Buying and Selling at The Hain Celestial Group

In related news, insider Chad D. Marquardt acquired 5,300 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On The Hain Celestial Group

Several large investors have recently modified their holdings of the company. Creative Planning raised its holdings in shares of 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 buying an additional 1,272 shares during the last quarter. CWM LLC increased its position in The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after acquiring an additional 1,276 shares during the period. US Bancorp DE raised its stake in The Hain Celestial Group by 10.3% during the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock valued at $168,000 after acquiring an additional 1,815 shares during the last quarter. Signaturefd LLC lifted its position in The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after acquiring an additional 2,226 shares during the period. Finally, FMR LLC grew its stake in shares of The Hain Celestial Group by 14.9% in the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after purchasing an additional 2,280 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.