The Hain Celestial Group, Inc. (NASDAQ:HAIN) Short Interest Update

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 6,130,000 shares, a decline of 29.5% from the March 15th total of 8,700,000 shares. Based on an average daily volume of 2,300,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 6.9% of the shares of the company are sold short.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HAIN. Stifel Nicolaus cut their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Piper Sandler cut their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Mizuho decreased their target price on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Maxim Group reduced their price target on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Barclays dropped their target price on The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Monday. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, The Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $6.31.

The Hain Celestial Group Stock Up 10.4 %

HAIN traded up $0.28 during midday trading on Friday, reaching $2.97. 2,171,184 shares of the company were exchanged, compared to its average volume of 1,496,441. The company has a market cap of $268.03 million, a price-to-earnings ratio of -1.53 and a beta of 0.93. The company’s fifty day moving average price is $3.85 and its 200 day moving average price is $5.98. The Hain Celestial Group has a one year low of $2.68 and a one year high of $9.43. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. As a group, analysts expect that The Hain Celestial Group will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp grew its position in The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after purchasing an additional 3,554 shares during the period. Sanctuary Advisors LLC purchased a new position in The Hain Celestial Group in the 3rd quarter worth approximately $93,000. Virtu Financial LLC bought a new position in shares of The Hain Celestial Group during the fourth quarter worth $73,000. Wedmont Private Capital bought a new position in shares of The Hain Celestial Group during the 1st quarter valued at about $52,000. Finally, Byrne Asset Management LLC grew its holdings in The Hain Celestial Group by 240.0% during the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company’s stock valued at $56,000 after buying an additional 9,599 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.