Hain Celestial Group Inc (NASDAQ:HAIN) Sees Significant Increase in Short Interest

Hain Celestial Group Inc (NASDAQ:HAIN) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 14,890,000 shares, an increase of 5.4% from the September 30th total of 14,130,000 shares. Currently, 14.6% of the company’s stock are short sold. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is presently 12.5 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of HAIN. Nuveen Asset Management LLC acquired a new position in Hain Celestial Group during the second quarter valued at $51,014,000. Wells Fargo & Company MN lifted its position in Hain Celestial Group by 32.4% during the second quarter. Wells Fargo & Company MN now owns 3,119,232 shares of the company’s stock valued at $68,311,000 after purchasing an additional 763,297 shares during the period. Gamco Investors INC. ET AL lifted its position in Hain Celestial Group by 54.7% during the third quarter. Gamco Investors INC. ET AL now owns 1,236,088 shares of the company’s stock valued at $26,545,000 after purchasing an additional 437,068 shares during the period. Paradice Investment Management LLC lifted its position in Hain Celestial Group by 10.8% during the third quarter. Paradice Investment Management LLC now owns 2,288,114 shares of the company’s stock valued at $49,137,000 after purchasing an additional 223,185 shares during the period. Finally, Roubaix Capital LLC acquired a new position in Hain Celestial Group during the third quarter valued at $2,584,000. Institutional investors own 98.84% of the company’s stock.

HAIN has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating and set a $25.00 target price for the company in a research note on Wednesday, October 30th. Citigroup lowered their target price on shares of Hain Celestial Group from $29.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. JPMorgan Chase & Co. downgraded shares of Hain Celestial Group from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $23.00 to $18.00 in a research note on Tuesday, August 20th. Maxim Group lifted their price objective on shares of Hain Celestial Group from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Barclays lowered their price objective on shares of Hain Celestial Group from $23.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.73.

Shares of NASDAQ:HAIN traded down $0.39 on Monday, hitting $24.71. 500,947 shares of the company were exchanged, compared to its average volume of 1,442,382. Hain Celestial Group has a 1-year low of $14.45 and a 1-year high of $26.49. The stock’s 50 day moving average price is $22.54 and its 200 day moving average price is $21.61. The company has a current ratio of 1.77, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.61 billion, a P/E ratio of 37.44 and a beta of 1.40.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The business had revenue of $482.10 million during the quarter, compared to the consensus estimate of $492.07 million. Hain Celestial Group had a negative net margin of 11.37% and a positive return on equity of 4.40%. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, equities analysts predict that Hain Celestial Group will post 0.67 EPS for the current fiscal year.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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