The Hain Celestial Group Inc. (NASDAQ: HAIN) Seen Running Too Hot, Let’s Look At This More Closely


    The Vanguard Group, Inc. recently announced the acquisition of new stake in The Hain Celestial Group Inc. (NASDAQ:HAIN). The institutional investor has increased its shareholding in the Consumer Defensive company by 1.15% to 7.72 million shares with purchase of 87612.0 shares. This fresh investment now brings its stake to 7.57% valued currently at $262.31 million. In addition, Brown Advisory LLC raised its holdings by 0.89 million to 6.64 million shares.

    With over 3.2 million The Hain Celestial Group Inc. (HAIN) shares trading Tuesday and a closing price of $31.65 on the day, the dollar volume was approximately $101.3 million. The shares have shown a negative weekly performance of -7.24% and its price on 08/25/20 lost nearly -8.10%. Currently, there are 104.03M common shares owned by the public and among those 99.31M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for HAIN have a consensus price objective of $32.75. The analysts have set the share’s price value over the next 12 months at a high of $37.00 and a low of $30.00 should the stock experience a downside. Incidentally, analysts’ outlook for the The Hain Celestial Group Inc. stock is 2.60 for the next 12 months. The average price target is 1.09% above its last price level and an upside to the estimated low will see the stock lose -5.5% over that period. But an upside of 14.46% will see the stock hit the forecast high price target while mean target price for the stock is $33.00.

    Insiders at the company have transacted a total of 47 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 200,505 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 10,255,134 shares.

    The top 3 mutual fund holders in The Hain Celestial Group Inc. are Vanguard Total Stock Market Index, Black Creek Global Leaders Fund, and iShares Core S&P Mid Cap ETF. Vanguard Total Stock Market Index owns 2.3 million shares of the company’s stock, all valued at over $78.22 million. The company sold 25601.0 shares recently to bring their total holdings to about 2.26% of the shares outstanding. Black Creek Global Leaders Fund sold -0.58 million shares to see its total holdings shrink to 2.14 million shares valued at over $72.86 million and representing 2.10% of the shares outstanding. iShares Core S&P Mid Cap ETF sold 20048.0 shares to bring its total holdings to over 2.08 million shares at a value of $70.72 million. iShares Core S&P Mid Cap ETF now owns shares totaling to 2.04% of the shares outstanding.

    Shares of The Hain Celestial Group Inc. (NASDAQ: HAIN) opened at $34.2112, down -$0.23 from a prior closing price of $34.44. However, the script later closed the day at $31.65, down -8.10%. The company’s stock has a 5-day price change of -7.24% and 2.78% over the past three months. HAIN shares are trading 21.94% year to date (YTD), with the 12-month market performance up to 70.80% higher. It has a 12-month low price of $17.94 and touched a high of $34.53 over the same period. Currently, 3.2 million shares have been traded, compared to an average intraday trading volume of 725.73K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.52%, -2.86%, and 13.92% respectively.

    Institutional ownership of The Hain Celestial Group Inc. (NASDAQ: HAIN) 104.03M shares outstanding. Mutual fund holders own 43.69%, while other institutional holders and individual stakeholders account for 59.12% and 32.71% respectively.

    It has a market capitalization of $3.21B and a beta (3y monthly) value of 0.79. The stock’s trailing 12-month PE ratio is 231.02, while the earnings-per-share (ttm) stands at $0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.32% over the week and 2.69% over the month.

    Analysts forecast that The Hain Celestial Group Inc. (HAIN) will achieve an EPS of $0.18 for the current quarter, $0.24 for the next quarter and $1.37 for 2022. The lowest estimate earnings-per-share for the quarter is $0.13 while analysts give the company a high EPS estimate of $0.27. Comparatively, EPS for the current quarter was $0.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -177.80%, and 27.26% over the next financial year. EPS should grow at an annualized rate of -14.20% over the next five years, compared to -18.80% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate The Hain Celestial Group Inc. (HAIN) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 7 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the HAIN, a number of firms have released research notes about the stock. Bernstein stated their Outperform rating for the stock in a research note on May 19, 2020, with the firm’s price target at $36. JP Morgan coverage for the The Hain Celestial Group Inc. (HAIN) stock in a research note released on May 08, 2020 offered a Neutral rating with a price target of $28. Jefferies was of a view on January 23, 2020 that the stock is Hold, while Maxim Group gave the stock Buy rating on November 08, 2019, issuing a price target of $28- $35. JP Morgan on their part issued Underweight rating on August 20, 2019.


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