The Hain Celestial Group, Inc. (NASDAQ:HAIN) Short Interest Down 16.3% in January

The Hain Celestial Group, Inc. (NASDAQ:HAIN) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 6,729,460 shares, a decrease of 16.3% from the January 15th total of 8,041,765 shares. Based on an average daily volume of 2,036,296 shares, the short-interest ratio is presently 3.3 days. Approximately 7.6% of the shares of the stock are sold short. Approximately 7.6% of the shares of the stock are sold short. Based on an average daily volume of 2,036,296 shares, the short-interest ratio is presently 3.3 days.

Insider Activity at The Hain Celestial Group

In related news, Director Carlyn R. Taylor sold 53,957 shares of The Hain Celestial Group stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $1.17, for a total transaction of $63,129.69. Following the completion of the transaction, the director directly owned 264,203 shares in the company, valued at $309,117.51. The trade was a 16.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position 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 purchasing an additional 3,535,073 shares during the last quarter. Nantahala Capital Management LLC increased its holdings in shares of The Hain Celestial Group by 117.6% in the 4th quarter. Nantahala Capital Management LLC now owns 6,528,789 shares of the company’s stock valued at $6,986,000 after acquiring an additional 3,528,789 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of The Hain Celestial Group by 33.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,853,731 shares of the company’s stock worth $6,263,000 after purchasing an additional 1,470,360 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of The Hain Celestial Group in the fourth quarter valued at $1,275,000. Finally, Russell Investments Group Ltd. boosted its stake in The Hain Celestial Group by 7,269.0% during the third quarter. Russell Investments Group Ltd. now owns 1,087,961 shares of the company’s stock valued at $1,719,000 after buying an additional 1,073,197 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HAIN shares. Stephens reduced their target price on shares of The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating on the stock in a report on Tuesday. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings restated a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. DA Davidson reaffirmed 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. Finally, Zacks Research upgraded shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2.53.

The Hain Celestial Group Stock Up 7.3%

Shares of The Hain Celestial Group stock traded up $0.06 during trading hours on Wednesday, hitting $0.95. 1,021,173 shares of the company’s stock traded hands, compared to its average volume of 2,400,296. The Hain Celestial Group has a twelve month low of $0.82 and a twelve month high of $4.84. The company has a market cap of $86.08 million, a PE ratio of -0.16 and a beta of 0.61. The stock has a 50 day simple moving average of $1.13 and a 200-day simple moving average of $1.35.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, February 9th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The Hain Celestial Group had a negative return on equity of 1.15% and a negative net margin of 36.12%.The business had revenue of $384.12 million for the quarter, compared to analysts’ expectations of $383.23 million. As a group, equities research analysts predict that The Hain Celestial Group will post 0.4 EPS for the current year.

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.