The Hain Celestial Group (NASDAQ:HAIN) Reaches New 1-Year Low – Here’s Why

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

Analyst Upgrades and Downgrades

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

The Hain Celestial Group Stock Down 1.5 %

The firm has a market capitalization of $485.24 million, a PE ratio of -5.72 and a beta of 0.76. The company has a fifty day simple moving average of $7.50 and a two-hundred day simple moving average of $7.64. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01.

The Hain Celestial Group (NASDAQ:HAIN) last issued 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 Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The Hain Celestial Group’s quarterly revenue was down 7.2% compared to the same quarter last year. Analysts forecast that The Hain Celestial Group, Inc. will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC boosted its position in The Hain Celestial Group by 387.1% during the third quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock valued at $1,835,000 after purchasing an additional 168,996 shares in the last quarter. Deerfield Management Company L.P. Series C boosted its position in The Hain Celestial Group by 391.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock valued at $861,000 after purchasing an additional 99,246 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in The Hain Celestial Group during the third quarter valued at about $2,515,000. Hotchkis & Wiley Capital Management LLC boosted its position in The Hain Celestial Group by 54.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after purchasing an additional 434,070 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in The Hain Celestial Group by 83.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,580 shares of the company’s stock valued at $238,000 after purchasing an additional 12,542 shares in the last quarter. 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.