The Hain Celestial Group, Inc. (NASDAQ:HAIN) Sees Large Decline in Short Interest

by · The Markets Daily

The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Free Report) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 6,729,460 shares, a decline of 16.3% from the January 15th total of 8,041,765 shares. Approximately 7.6% of the company’s shares are short sold. Based on an average daily trading volume, of 2,036,296 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily trading volume, of 2,036,296 shares, the days-to-cover ratio is presently 3.3 days. Approximately 7.6% of the company’s shares are short sold.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $0.96 on Monday. The stock has a market capitalization of $87.06 million, a PE ratio of -0.16 and a beta of 0.61. The Hain Celestial Group has a 52 week low of $0.82 and a 52 week high of $4.84. The stock has a 50 day moving average price of $1.14 and a two-hundred day moving average price of $1.36.

The Hain Celestial Group (NASDAQ:HAIN – Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The Hain Celestial Group had a negative net margin of 36.12% and a negative return on equity of 1.15%. The business had revenue of $384.12 million during the quarter, compared to analyst estimates of $383.23 million. Research analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. DA Davidson reissued a “neutral” rating and issued a $1.50 price objective on shares of The Hain Celestial Group in a research note on Tuesday, February 3rd. Wall Street Zen raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings restated a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. Finally, Zacks Research upgraded shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.63.

View Our Latest Stock Analysis on The Hain Celestial Group

Insider Transactions at The Hain Celestial Group

In other news, Director Carlyn R. Taylor sold 53,957 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $1.17, for a total value of $63,129.69. Following the sale, the director directly owned 264,203 shares of the company’s stock, valued at approximately $309,117.51. This represents a 16.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Large investors have recently bought and sold shares of the stock. Ingalls & Snyder LLC purchased a new position in The Hain Celestial Group in the second quarter valued at about $311,000. Ethic Inc. increased its position in The Hain Celestial Group by 287.1% in the second quarter. Ethic Inc. now owns 58,371 shares of the company’s stock worth $87,000 after buying an additional 43,292 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in The Hain Celestial Group by 28.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 606,427 shares of the company’s stock worth $922,000 after acquiring an additional 133,129 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in The Hain Celestial Group by 45.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company’s stock valued at $46,000 after acquiring an additional 9,335 shares during the period. Finally, Savant Capital LLC purchased a new position in shares of The Hain Celestial Group in the second quarter worth about $70,000. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Company Profile

(Get Free Report)

The Hain Celestial Group, Inc (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth’s Best organic baby foods, Rudi’s organic bakery items, Terra vegetable chips and Sensible Portions snacks.

Recommended Stories