The Hain Celestial Group, Inc. (NASDAQ:HAIN) Short Interest Up 6.4% in December

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 5,290,000 shares, an increase of 6.4% from the December 15th total of 4,970,000 shares. Approximately 5.9% of the shares of the stock are short sold. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is presently 4.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP boosted its position in The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after acquiring an additional 2,423 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of The Hain Celestial Group by 225.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after purchasing an additional 3,432 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of The Hain Celestial Group in the third quarter worth approximately $87,000. CWM LLC boosted its holdings in shares of The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares during the period. Finally, Choreo LLC purchased a new position in The Hain Celestial Group during the second quarter valued at approximately $71,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $4.69 on Tuesday. The company has a 50-day moving average of $6.87 and a two-hundred day moving average of $7.52. The stock has a market cap of $423.01 million, a price-to-earnings ratio of -4.99 and a beta of 0.76. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The Hain Celestial Group has a one year low of $4.47 and a one year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. During the same period in the prior year, the business posted ($0.04) EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, equities research analysts expect that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HAIN. DA Davidson reduced their price objective on shares of 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 reduced their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Barclays decreased their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday. Six investment 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.com, The Hain Celestial Group presently has an average rating of “Hold” and an average target price of $9.00.

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.