Hain Celestial Group Inc (NASDAQ:HAIN) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 12,333,966 shares, a growth of 20.6% from the February 28th total of 10,229,569 shares. Based on an average daily volume of 2,679,384 shares, the days-to-cover ratio is presently 4.6 days. Currently, 12.2% of the shares of the company are short sold.
Several research analysts have weighed in on the company. ValuEngine upgraded Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. BidaskClub upgraded Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, January 4th. Sanford C. Bernstein downgraded Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a research report on Friday, March 1st. Zacks Investment Research upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Piper Jaffray Companies set a $17.00 target price on Hain Celestial Group and gave the company a “hold” rating in a research report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.68.
In other Hain Celestial Group news, insider Engaged Capital Co-Invest Vi-D purchased 951,932 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $19.97 per share, for a total transaction of $19,010,082.04. Following the purchase, the insider now directly owns 21,577 shares of the company’s stock, valued at approximately $430,892.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Glenn W. Welling purchased 1,003,918 shares of the company’s stock in a transaction on Friday, March 1st. The stock was acquired at an average price of $19.30 per share, with a total value of $19,375,617.40. Following the completion of the purchase, the director now directly owns 21,577 shares in the company, valued at $416,436.10. The disclosure for this purchase can be found here. Insiders have bought a total of 4,978,829 shares of company stock valued at $101,772,309 in the last ninety days. Insiders own 13.50% of the company’s stock.
HAIN traded down $0.12 during trading on Friday, reaching $22.38. The company had a trading volume of 996,561 shares, compared to its average volume of 1,273,357. The company has a market cap of $2.33 billion, a PE ratio of 19.29, a P/E/G ratio of 5.69 and a beta of 1.47. Hain Celestial Group has a 52 week low of $14.45 and a 52 week high of $31.68. The company has a quick ratio of 1.25, a current ratio of 2.17 and a debt-to-equity ratio of 0.44.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.12). Hain Celestial Group had a positive return on equity of 5.28% and a negative net margin of 6.72%. The company had revenue of $584.16 million during the quarter, compared to the consensus estimate of $611.18 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, research analysts anticipate that Hain Celestial Group will post 0.66 earnings per share for the current fiscal year.
About Hain Celestial Group
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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