The Hain Celestial Group (NASDAQ:HAIN) Stock Price Up 4.8%

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) shares were up 4.8% during mid-day trading on Tuesday . The company traded as high as $7.16 and last traded at $7.03. Approximately 305,928 shares were traded during trading, a decline of 73% from the average daily volume of 1,144,809 shares. The stock had previously closed at $6.71.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HAIN shares. JPMorgan Chase & Co. dropped their price objective on shares of The Hain Celestial Group from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Thursday, February 8th. Maxim Group dropped their price objective on shares of The Hain Celestial Group from $25.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. DA Davidson started coverage on shares of The Hain Celestial Group in a research note on Friday, March 1st. They set a "neutral" rating and a $10.00 price objective on the stock. Finally, Mizuho dropped their price objective on shares of The Hain Celestial Group from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $13.40.

The Hain Celestial Group Trading Up 0.3 %

The company has a quick ratio of 1.14, a current ratio of 2.24 and a debt-to-equity ratio of 0.81. The business's 50 day moving average is $9.00 and its 200-day moving average is $10.15. The firm has a market cap of $604.56 million, a P/E ratio of -3.80 and a beta of 0.68.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The firm had revenue of $454.10 million during the quarter, compared to analyst estimates of $461.31 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts forecast that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, CEO Wendy P. Davidson bought 5,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $9.46 per share, for a total transaction of $47,300.00. Following the completion of the purchase, the chief executive officer now directly owns 58,309 shares in the company, valued at $551,603.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is owned by insiders.

Institutional Trading of The Hain Celestial Group

A number of large investors have recently modified their holdings of HAIN. Advisor Group Holdings Inc. increased its holdings in shares of The Hain Celestial Group by 4.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company's stock worth $327,000 after acquiring an additional 425 shares during the period. American Century Companies Inc. increased its holdings in shares of The Hain Celestial Group by 23.9% in the 1st quarter. American Century Companies Inc. now owns 11,368 shares of the company's stock worth $391,000 after acquiring an additional 2,193 shares during the period. Citigroup Inc. increased its holdings in shares of The Hain Celestial Group by 3.3% in the 1st quarter. Citigroup Inc. now owns 35,662 shares of the company's stock worth $1,226,000 after acquiring an additional 1,142 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of The Hain Celestial Group by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the company's stock worth $303,000 after acquiring an additional 443 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of The Hain Celestial Group by 31.1% in the 1st quarter. MetLife Investment Management LLC now owns 58,998 shares of the company's stock worth $2,030,000 after acquiring an additional 13,987 shares during the period. Institutional investors and hedge funds 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.