The Hain Celestial Group, Inc. (HAIN) Short Interest Update

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 9,322,523 shares, a decrease of 12.2% from the July 14th total of 10,613,928 shares. Based on an average daily volume of 2,089,600 shares, the days-to-cover ratio is currently 4.5 days. Approximately 9.2% of the shares of the company are short sold.

Shares of The Hain Celestial Group (NASDAQ HAIN) opened at 43.23 on Thursday. The Hain Celestial Group has a one year low of $31.01 and a one year high of $45.61. The company’s market cap is $4.48 billion. The stock’s 50 day moving average price is $41.56 and its 200 day moving average price is $37.63.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, June 22nd. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.19. The company had revenue of $706.56 million during the quarter, compared to analyst estimates of $721 million. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. Equities analysts predict that The Hain Celestial Group will post $1.20 earnings per share for the current fiscal year.

The Hain Celestial Group declared that its board has approved a share repurchase program on Thursday, June 22nd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

A number of research analysts recently commented on the company. BidaskClub lowered The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Loop Capital assumed coverage on The Hain Celestial Group in a research note on Monday, July 31st. They issued a “hold” rating and a $46.00 target price for the company. Susquehanna Bancshares Inc set a $46.00 target price on The Hain Celestial Group and gave the company a “buy” rating in a research note on Tuesday, July 18th. Maxim Group upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday, July 13th. Finally, Citigroup Inc. restated a “buy” rating and issued a $46.00 target price (down from $62.00) on shares of The Hain Celestial Group in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The Hain Celestial Group currently has an average rating of “Hold” and an average target price of $41.30.

Several institutional investors have recently bought and sold shares of HAIN. Retirement Systems of Alabama boosted its position in The Hain Celestial Group by 12.7% in the first quarter. Retirement Systems of Alabama now owns 419,631 shares of the company’s stock worth $15,610,000 after buying an additional 47,162 shares during the period. Rice Hall James & Associates LLC boosted its position in The Hain Celestial Group by 0.8% in the first quarter. Rice Hall James & Associates LLC now owns 307,376 shares of the company’s stock worth $11,434,000 after buying an additional 2,295 shares during the period. Capital Impact Advisors LLC boosted its position in The Hain Celestial Group by 204.4% in the first quarter. Capital Impact Advisors LLC now owns 69,270 shares of the company’s stock worth $2,577,000 after buying an additional 46,511 shares during the period. SFE Investment Counsel boosted its position in The Hain Celestial Group by 6.2% in the first quarter. SFE Investment Counsel now owns 24,114 shares of the company’s stock worth $897,000 after buying an additional 1,402 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in The Hain Celestial Group by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the company’s stock worth $971,000 after buying an additional 500 shares during the period. 85.07% of the stock is owned by institutional investors.

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The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

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