Hain Celestial Group Inc (NASDAQ:HAIN) Sees Large Increase in Short Interest

Share on StockTwits

Hain Celestial Group Inc (NASDAQ:HAIN) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 12,343,000 shares, an increase of 8.8% from the July 31st total of 11,344,200 shares. Approximately 12.2% of the shares of the stock are short sold. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is presently 10.6 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in Hain Celestial Group by 32.4% in the 2nd quarter. Wells Fargo & Company MN now owns 3,119,232 shares of the company’s stock valued at $68,311,000 after acquiring an additional 763,297 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Hain Celestial Group in the 2nd quarter valued at $51,014,000. Paradice Investment Management LLC lifted its position in Hain Celestial Group by 5.4% in the 2nd quarter. Paradice Investment Management LLC now owns 2,064,929 shares of the company’s stock valued at $45,222,000 after acquiring an additional 106,351 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Hain Celestial Group by 9.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 1,697,478 shares of the company’s stock valued at $39,246,000 after acquiring an additional 149,875 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in Hain Celestial Group by 0.6% in the 2nd quarter. Brown Advisory Inc. now owns 1,305,360 shares of the company’s stock valued at $28,586,000 after acquiring an additional 7,629 shares in the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

HAIN has been the subject of a number of analyst reports. Loop Capital cut their price target on shares of Hain Celestial Group to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. ValuEngine upgraded shares of Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays cut their price target on shares of Hain Celestial Group from $23.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Evercore ISI initiated coverage on shares of Hain Celestial Group in a research note on Tuesday, June 11th. They issued an “in-line” rating and a $22.00 target price for the company. Finally, JPMorgan Chase & Co. cut shares of Hain Celestial Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $23.00 to $18.00 in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.37.

HAIN stock traded up $0.24 during trading on Friday, hitting $21.96. The company had a trading volume of 636,502 shares, compared to its average volume of 1,763,067. The firm has a 50-day moving average price of $20.51 and a 200-day moving average price of $21.42. The company has a quick ratio of 0.88, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. Hain Celestial Group has a 12 month low of $14.45 and a 12 month high of $27.94. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 16.21 and a beta of 1.35.

Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, August 29th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Hain Celestial Group had a positive return on equity of 4.33% and a negative net margin of 7.96%. The business had revenue of $557.68 million for the quarter, compared to analyst estimates of $537.66 million. During the same period in the prior year, the firm posted $0.27 EPS. Hain Celestial Group’s revenue was down 10.0% on a year-over-year basis. Equities analysts expect that Hain Celestial Group will post 0.67 EPS for the current year.

Hain Celestial Group Company Profile

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.

See Also: Arbitrage

Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.