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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 5,120,000 shares, an increase of 8.5% from the November 15th total of 4,720,000 shares. Based on an average trading volume of 1,140,000 shares, the short-interest ratio is currently 4.5 days. Approximately 5.7% of the company’s stock are sold short.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN traded down $0.10 on Tuesday, hitting $7.45. The stock had a trading volume of 60,156 shares, compared to its average volume of 1,190,137. 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 has a market capitalization of $671.95 million, a price-to-earnings ratio of -8.03 and a beta of 0.71. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $11.68. The firm’s 50 day moving average price is $8.22 and its 200-day moving average price is $7.75.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data 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 business had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The Hain Celestial Group’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share. On average, equities research analysts predict that The Hain Celestial Group will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HAIN has been the subject of a number of research reports. DA Davidson reduced their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Piper Sandler restated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays reduced their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Finally, Stifel Nicolaus lifted their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.43.

Institutional Trading of The Hain Celestial Group

Several hedge funds have recently bought and sold shares of HAIN. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of The Hain Celestial Group by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock worth $39,380,000 after acquiring an additional 62,865 shares during the period. State Street Corp grew its holdings 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 buying an additional 15,494 shares in the last quarter. Millennium Management LLC lifted its stake in 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 in the last quarter. Geode Capital Management LLC boosted its position in The Hain Celestial Group by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock worth $19,241,000 after acquiring an additional 142,097 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of 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 acquiring an additional 434,070 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.