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

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

The Hain Celestial Group Price Performance

Shares of HAIN opened at $1.23 on Monday. The company has a market cap 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 200 day moving average price of $1.39. The Hain Celestial Group has a 12 month low of $1.00 and a 12 month 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.

Insider Transactions at The Hain Celestial Group

In other news, Director Carlyn R. Taylor sold 53,957 shares of the firm’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 completion of the transaction, the director owned 264,203 shares in the company, valued at approximately $309,117.51. This trade represents a 16.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

A number of large investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. bought a new position in shares of The Hain Celestial Group in the third quarter valued at approximately $29,000. Thrivent Financial for Lutherans boosted its holdings in shares of 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 worth $32,000 after buying an additional 11,000 shares during the period. Voleon Capital Management LP acquired a new position in The Hain Celestial Group in the 3rd quarter valued at $43,000. Cetera Investment Advisers raised its holdings in The Hain Celestial Group by 255.1% in the 2nd quarter. Cetera Investment Advisers now owns 43,876 shares of the company’s stock worth $67,000 after acquiring an additional 31,521 shares during the period. Finally, Quantbot Technologies LP raised its holdings in The Hain Celestial Group by 41.0% in the 3rd quarter. Quantbot Technologies LP now owns 60,123 shares of the company’s stock worth $95,000 after acquiring an additional 17,491 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

HAIN has been the subject of several research analyst reports. DA Davidson reissued a “neutral” rating and set a $1.50 price target on shares of The Hain Celestial Group in a research report on Tuesday, February 3rd. Zacks Research upgraded The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.63.

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.