The Hain Celestial Group (NASDAQ:HAIN) Issues Earnings Results

The Hain Celestial Group (NASDAQ:HAIN) issued its quarterly earnings data on Monday. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06), Briefing.com reports. The Hain Celestial Group had a positive return on equity of 2.47% and a negative net margin of 16.17%.During the same quarter last year, the business posted $0.13 earnings per share. The business’s revenue was down 13.4% compared to the same quarter last year.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $1.49 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.81 and a debt-to-equity ratio of 1.01. The firm has a 50-day simple moving average of $1.74 and a 200 day simple moving average of $2.37. The company has a market cap of $134.74 million, a PE ratio of -0.54 and a beta of 0.79. The Hain Celestial Group has a fifty-two week low of $1.30 and a fifty-two week high of $9.43.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HAIN shares. Mizuho cut their price objective on shares of The Hain Celestial Group from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Monday, July 28th. Zacks Research raised shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Piper Sandler dropped their target price on shares of The Hain Celestial Group from $2.00 to $1.80 and set a “neutral” rating for the company in a research report on Tuesday, June 3rd. One analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake 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. Cetera Investment Advisers boosted its stake in The Hain Celestial Group by 255.1% during the 2nd quarter. Cetera Investment Advisers now owns 43,876 shares of the company’s stock valued at $67,000 after purchasing an additional 31,521 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 valued at $102,000 after purchasing an additional 9,350 shares during the period. Oxford Asset Management LLP acquired a new stake in shares of The Hain Celestial Group in the 2nd quarter worth approximately $104,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of The Hain Celestial Group in the 1st quarter worth approximately $162,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.