The Hain Celestial Group (NASDAQ:HAIN) Shares Gap Down – Time to Sell?

The Hain Celestial Group, Inc. (NASDAQ:HAIN) gapped down before the market opened on Friday . The stock had previously closed at $7.13, but opened at $6.47. The Hain Celestial Group shares last traded at $6.54, with a volume of 144,233 shares.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. DA Davidson cut their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Barclays cut 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 research report on Monday, November 11th. Piper Sandler reissued a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, Stifel Nicolaus lifted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Price Performance

The company has a market capitalization of $591.67 million, a P/E ratio of -6.98 and a beta of 0.71. The business’s 50-day moving average is $8.13 and its two-hundred day moving average is $7.73. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio 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. As a group, 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 the business. Allworth Financial LP increased its position 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 valued at $26,000 after purchasing an additional 2,423 shares during the last quarter. Signaturefd LLC raised its position in The Hain Celestial Group by 125.9% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after acquiring an additional 2,226 shares during the period. nVerses Capital LLC raised its position in The Hain Celestial Group by 161.1% in the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after acquiring an additional 2,900 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake 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 valued at $43,000 after acquiring an additional 3,432 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.