The Hain Celestial Group (NASDAQ:HAIN) Hits New 12-Month Low – What’s Next?

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) hit a new 52-week low during trading on Tuesday . The company traded as low as $5.57 and last traded at $5.60, with a volume of 1467765 shares trading hands. The stock had previously closed at $6.19.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. DA Davidson dropped their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Finally, Barclays cut their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Stock Performance

The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The company’s fifty day moving average price is $7.57 and its 200 day moving average price is $7.65. The company has a market cap of $505.09 million, a PE ratio of -5.96 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter last year, the business posted ($0.04) EPS. The company’s quarterly revenue was down 7.2% on a year-over-year basis. On average, equities research analysts predict that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HAIN. Allworth Financial LP raised its stake in shares of The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after purchasing an additional 2,423 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after acquiring an additional 3,432 shares during the period. CWA Asset Management Group LLC purchased a new position in The Hain Celestial Group in the third quarter valued at about $87,000. CWM LLC boosted its stake 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 acquiring an additional 1,276 shares during the last quarter. Finally, Choreo LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $71,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.