The Hain Celestial Group (NASDAQ:HAIN) Announces Quarterly Earnings Results

The Hain Celestial Group (NASDAQ:HAIN) posted its quarterly earnings data on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03), FiscalAI reports. The Hain Celestial Group had a negative net margin of 34.69% and a positive return on equity of 0.77%. The company had revenue of $384.12 million for the quarter, compared to the consensus estimate of $383.23 million.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $1.23 on Monday. The firm has a market capitalization of $111.40 million, a P/E ratio of -0.21 and a beta of 0.61. The stock has a fifty day moving average price of $1.15 and a two-hundred day moving average price of $1.39. The Hain Celestial Group has a 52-week low of $1.00 and a 52-week high of $5.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.89 and a quick ratio of 1.06.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. DA Davidson reaffirmed a “neutral” rating and issued a $1.50 target price on shares of The Hain Celestial Group in a research report on Tuesday, February 3rd. Finally, Zacks Research raised shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.63.

Insider Buying and Selling

In other The Hain Celestial Group news, Director Carlyn R. Taylor sold 53,957 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $1.17, for a total transaction of $63,129.69. Following the sale, the director directly owned 264,203 shares of the company’s stock, valued at approximately $309,117.51. This represents a 16.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors have recently bought and sold shares of HAIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in The Hain Celestial Group by 16.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company’s stock worth $102,000 after acquiring an additional 9,350 shares during the last quarter. American Century Companies Inc. boosted its holdings in The Hain Celestial Group by 8.9% in the second quarter. American Century Companies Inc. now owns 124,721 shares of the company’s stock valued at $190,000 after acquiring an additional 10,200 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in The Hain Celestial Group by 104.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after purchasing an additional 11,000 shares during the period. Blair William & Co. IL raised its stake in shares of The Hain Celestial Group by 5.2% during the third quarter. Blair William & Co. IL now owns 249,838 shares of the company’s stock worth $395,000 after buying an additional 12,327 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in The Hain Celestial Group by 9.7% during the 3rd quarter. Alliancebernstein L.P. now owns 179,290 shares of the company’s stock worth $283,000 after acquiring an additional 15,900 shares during the period. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth’s Best organic baby foods, Rudi’s organic bakery items, Terra vegetable chips and Sensible Portions snacks.