The Hain Celestial Group (NASDAQ:HAIN) Stock Price Down 3.6% – Should You Sell?

The Hain Celestial Group, Inc. (NASDAQ:HAIN)’s share price fell 3.6% on Monday . The stock traded as low as $5.97 and last traded at $5.97. 72,295 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 856,459 shares. The stock had previously closed at $6.19.

Wall Street Analyst Weigh In

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

The Hain Celestial Group Trading Down 1.5 %

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 company’s 50-day moving average price is $7.50 and its 200-day moving average price is $7.64. The firm has a market capitalization of $485.24 million, a PE ratio of -5.72 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same period last year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. On average, sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current year.

Institutional Trading of The Hain Celestial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of The Hain Celestial Group by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock valued at $39,380,000 after buying an additional 62,865 shares during the last quarter. State Street Corp grew its position in shares of The Hain Celestial Group by 0.4% during the third quarter. State Street Corp now owns 3,464,855 shares of the company’s stock worth $29,902,000 after acquiring an additional 15,494 shares during the last quarter. Millennium Management LLC increased its holdings in shares of The Hain Celestial Group by 171.3% in the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after acquiring an additional 1,663,542 shares during the period. Geode Capital Management LLC raised its position in The Hain Celestial Group by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after purchasing an additional 142,097 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in The Hain Celestial Group by 54.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after purchasing an additional 434,070 shares during the period. Institutional investors and hedge funds 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.