The Hain Celestial Group (NASDAQ:HAIN) Sets New 52-Week Low at $6.38

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $6.38 and last traded at $6.39, with a volume of 76872 shares traded. The stock had previously closed at $6.73.

Analysts Set New Price Targets

HAIN has been the topic of several recent analyst reports. DA Davidson began coverage on shares of The Hain Celestial Group in a research note on Friday, March 1st. They issued a "neutral" rating and a $10.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on shares of The Hain Celestial Group from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Thursday, February 8th. Maxim Group reduced their price target on The Hain Celestial Group from $25.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, February 8th. Finally, Mizuho decreased their price target on The Hain Celestial Group from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Wednesday, April 3rd. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $13.40.

The Hain Celestial Group Stock Down 7.1 %

The business has a 50 day moving average of $8.92 and a two-hundred day moving average of $10.12. The stock has a market capitalization of $561.45 million, a PE ratio of -3.53 and a beta of 0.68. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.24.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $454.10 million during the quarter, compared to analysts' expectations of $461.31 million. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. Analysts predict that The Hain Celestial Group, Inc. will post 0.29 EPS for the current year.

Insider Activity

In other The Hain Celestial Group news, CEO Wendy P. Davidson purchased 5,000 shares of the firm's stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average cost of $9.46 per share, with a total value of $47,300.00. Following the completion of the purchase, the chief executive officer now owns 58,309 shares in the company, valued at approximately $551,603.14. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in shares of The Hain Celestial Group by 265.2% in the 4th quarter. Signaturefd LLC now owns 4,127 shares of the company's stock valued at $45,000 after purchasing an additional 2,997 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of The Hain Celestial Group by 1,647.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company's stock worth $46,000 after purchasing an additional 4,200 shares during the period. Tower Research Capital LLC TRC increased its holdings in The Hain Celestial Group by 371.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,690 shares of the company's stock valued at $46,000 after purchasing an additional 2,120 shares during the last quarter. CWM LLC raised its position in The Hain Celestial Group by 231.8% in the third quarter. CWM LLC now owns 4,556 shares of the company's stock valued at $47,000 after purchasing an additional 3,183 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in The Hain Celestial Group by 30.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,121 shares of the company's stock worth $50,000 after purchasing an additional 721 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.