Short Interest in The Hain Celestial Group, Inc. (NASDAQ:HAIN) Increases By 47.0%

The Hain Celestial Group, Inc. (NASDAQ:HAIN) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 4,660,000 shares, a growth of 47.0% from the August 15th total of 3,170,000 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average daily volume of 1,200,000 shares, the days-to-cover ratio is currently 3.9 days.

Insiders Place Their Bets

In other The Hain Celestial Group news, insider Chad D. Marquardt acquired 5,300 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was acquired 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 of the company’s stock, valued at $127,296. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Signaturefd LLC increased its position in The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after purchasing an additional 2,226 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after buying an additional 2,900 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of The Hain Celestial Group by 204.3% during the 4th quarter. Quadrant Capital Group LLC now owns 8,221 shares of the company’s stock valued at $90,000 after buying an additional 5,519 shares during the period. CWM LLC raised its position in shares of The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after buying an additional 6,895 shares during the period. Finally, Choreo LLC acquired a new position in The Hain Celestial Group in the second quarter valued at approximately $71,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

HAIN has been the subject of a number of research reports. DA Davidson reissued a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Stifel Nicolaus boosted their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Finally, Barclays raised their target price 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. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.88.

The Hain Celestial Group Trading Up 2.5 %

HAIN opened at $8.33 on Monday. The firm has a market capitalization of $748.45 million, a price-to-earnings ratio of -8.17 and a beta of 0.75. The company’s 50 day simple moving average is $7.43 and its two-hundred day simple moving average is $7.36. The Hain Celestial Group has a 1-year low of $5.68 and a 1-year high of $12.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $419.00 million during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. Analysts expect that The Hain Celestial Group will post 0.49 EPS for the current fiscal year.

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.