The Vanguard Group, Inc. has recently announced that it has increased stake in The Hain Celestial Group Inc. (NASDAQ:HAIN) by 0.96%. After grabbing 10.66 million shares, the institutional investor is now in possession of 0.1 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 11.92% having worth around $191.1 million. Moreover, AllianceBernstein LP increased its share by 0.38 million to have a control over 7.54 million shares. And Black Creek Investment Management raised its holdings to 0.23 million shares by acquiring 5.32 million shares or 5.95% of the stake.
The Hain Celestial Group Inc. (HAIN) concluded trading on 05/24/23 at a closing price of $13.18, with 0.97 million shares of worth about $12.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -35.01% during that period and on Wednesday the price saw a loss of about -2.33%. Currently the company’s common shares owned by public are about 89.42M shares, out of which, 88.20M shares are available for trading.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the HAIN stock and their offered price forecasts bring an average price target of $18.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $30.00 and could fall to a lowest price of $14.00. The stock’s current price level is 29.29% above of average price target set by the analysts, while a rise to estimated low would result in gain of 5.86% for the stock. However, touching the estimated high of $30.00 would mean a gain of 56.07% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 28 times over the past 12 months. They bought 111,435 shares in 17 of the transactions. In 11 selling transactions, insiders dumped 63,696 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and CI Black Creek Global Leaders Fun are the top 3 mutual funds which are holding stakes in The Hain Celestial Group Inc. iShares Core S&P Small Cap ETF is currently holding 6.48 million shares of worth totaling $116.1 million. The company recently came selling 9282.0 shares which brought its stake up to 7.24% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 45517.0 shares, after which its hold over company’s outstanding shares expand to 3.11%, leaving 2.78 million shares with the mutual fund that have a worth of about $49.92 million. CI Black Creek Global Leaders Fun, after buying 2.5 million shares, have now control over 2.80% of the stake in the company. It holds 0.36 million shares of worth $44.8 million.
The Hain Celestial Group Inc. (NASDAQ: HAIN) started trading at $13.45, below -$0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 13.47, or with a loss of -2.33%. Stock saw a price change of -3.30% in past 5 days and over the past one month there was a price change of -23.59%. Year-to-date (YTD), HAIN shares are showing a performance of -18.54% which decreased to -47.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.05 but also hit the highest price of $26.78 during that period. The average intraday trading volume for The Hain Celestial Group Inc. shares is 822.64K. The stock is currently trading -15.50% below its 20-day simple moving average (SMA20), while that difference is down -20.17% for SMA50 and it goes to -27.75% lower than SMA200.
The Vanguard Group, Inc. acquired 10.66 million shares of The Hain Celestial Group Inc. having value of about $191.1 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.1 million shares in the company valued at close to $1338995.74, or have control over 0.96% stake in the company. The Hain Celestial Group Inc. (NASDAQ: HAIN) currently have 89.42M outstanding shares and institutions hold larger chunk of about 98.91% of that. Holding of mutual funds in the company is about 37.12% while other institutional holders and individual stake holders have control over 61.25% and 21.35% of the stake respectively.
The stock has a current market capitalization of $1.18B and its 3Y-monthly beta is at 0.94. It has posted earnings per share of -$1.06 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HAIN, volatility over the week remained 3.59% while standing at 3.63% over the month.
Analysts are in expectations that The Hain Celestial Group Inc. (HAIN) stock would likely to be making an EPS of $0.12 in the current quarter, while forecast for next quarter EPS is $0.12 and it is $0.62 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.04 which is $0.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 30.10% while it is estimated to increase by 23.27% in next year.
Analysts at 14 brokerage firms have issued recommendations for the The Hain Celestial Group Inc. (HAIN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 14 Wall Street analysts, 3 recommended a “Buy” rating, while 8 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Leave a Reply