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

The Hain Celestial Group (NASDAQ:HAIN) announced its earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02), FiscalAI reports. The company had revenue of $263.07 million during the quarter, compared to analysts’ expectations of $261.24 million. The Hain Celestial Group had a negative net margin of 35.47% and a negative return on equity of 3.52%.

The Hain Celestial Group Price Performance

NASDAQ:HAIN opened at $0.62 on Monday. The firm’s fifty day simple moving average is $0.61 and its 200-day simple moving average is $0.68. The stock has a market cap of $55.90 million, a PE ratio of -0.11 and a beta of 0.80. The Hain Celestial Group has a fifty-two week low of $0.48 and a fifty-two week high of $2.17.

Analysts Set New Price Targets

Several brokerages recently weighed in on HAIN. Weiss Ratings downgraded The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, August 28th. Jefferies Financial Group dropped their price objective on shares of The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $1.06.

Institutional Trading of The Hain Celestial Group

A number of institutional investors have recently added to or reduced their stakes in HAIN. Vanguard Group Inc. increased its holdings in The Hain Celestial Group by 8.0% in the third quarter. Vanguard Group Inc. now owns 7,029,733 shares of the company’s stock valued at $11,107,000 after buying an additional 517,777 shares in the last quarter. Nantahala Capital Management LLC boosted its stake in shares of The Hain Celestial Group by 117.6% during the 4th quarter. Nantahala Capital Management LLC now owns 6,528,789 shares of the company’s stock worth $6,986,000 after acquiring an additional 3,528,789 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of The Hain Celestial Group by 33.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,853,731 shares of the company’s stock worth $6,263,000 after acquiring an additional 1,470,360 shares in the last quarter. Millennium Management LLC grew its holdings in shares of The Hain Celestial Group by 295.4% in the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after acquiring an additional 3,535,073 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of The Hain Celestial Group by 12.0% in the 4th quarter. AQR Capital Management LLC now owns 2,067,043 shares of the company’s stock worth $2,212,000 after acquiring an additional 221,269 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About The Hain Celestial Group

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.