The Hain Celestial Group (NASDAQ:HAIN) Shares Down 5.2%

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) was down 5.2% on Tuesday . The stock traded as low as $5.98 and last traded at $5.98. Approximately 830,923 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 1,174,132 shares. The stock had previously closed at $6.31.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HAIN shares. Maxim Group reduced their price target on The Hain Celestial Group from $25.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, February 8th. DA Davidson started coverage on The Hain Celestial Group in a research report on Friday, March 1st. They issued a "neutral" rating and a $10.00 price target for the company. Mizuho reduced 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 report on Wednesday, April 3rd. JPMorgan Chase & Co. reduced 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 report on Thursday, February 8th. Finally, Barclays dropped their price objective on The Hain Celestial Group from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, The Hain Celestial Group currently has an average rating of "Hold" and an average price target of $13.00.

The Hain Celestial Group Stock Performance

The stock has a market cap of $529.10 million, a P/E ratio of -3.33 and a beta of 0.68. The company has a 50 day simple moving average of $8.52 and a 200-day simple moving average of $10.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.24 and a quick ratio of 1.14.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $454.10 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, equities analysts expect that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at The Hain Celestial Group

In related news, CEO Wendy P. Davidson acquired 5,000 shares of the firm's stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $9.46 per share, for a total transaction of $47,300.00. Following the completion of the acquisition, the chief executive officer now owns 58,309 shares in the company, valued at $551,603.14. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HAIN. Advisor Group Holdings Inc. increased its holdings in The Hain Celestial Group by 4.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company's stock valued at $327,000 after purchasing an additional 425 shares during the period. American Century Companies Inc. grew its holdings in shares of The Hain Celestial Group by 23.9% during 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. raised its position 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 in the last quarter. PNC Financial Services Group Inc. raised its position 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 in the last quarter. Finally, MetLife Investment Management LLC raised its position 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 in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

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.