The Hain Celestial Group (NASDAQ:HAIN) Stock Price Down 4.8%

The Hain Celestial Group, Inc. (NASDAQ:HAIN) shares dropped 4.8% during mid-day trading on Monday . The stock traded as low as $6.73 and last traded at $6.74. Approximately 146,596 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 1,125,277 shares. The stock had previously closed at $7.08.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Maxim Group cut their target price on The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Barclays reduced their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Mizuho lowered their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Finally, DA Davidson lowered their price objective on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, May 16th. Eight research 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.com, The Hain Celestial Group has a consensus rating of “Hold” and an average price target of $10.78.

The Hain Celestial Group Stock Performance

The company has a quick ratio of 1.07, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $7.26 and a 200-day moving average price of $7.83. The firm has a market cap of $580.39 million, a price-to-earnings ratio of -6.35 and a beta of 0.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in The Hain Celestial Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after purchasing an additional 84,689 shares during the period. PGGM Investments grew its holdings in The Hain Celestial Group by 1.3% during the second quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock worth $28,910,000 after acquiring an additional 51,912 shares during the period. Charles Schwab Investment Management Inc. raised its position in The Hain Celestial Group by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,863,497 shares of the company’s stock worth $20,405,000 after acquiring an additional 229,144 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in The Hain Celestial Group in the first quarter valued at $11,294,000. Finally, Federated Hermes Inc. boosted its position in shares of The Hain Celestial Group by 224.9% during the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock worth $5,946,000 after purchasing an additional 595,649 shares in the last quarter. 97.01% of the stock is currently 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.