A better buy-in window may exist right now for The Hain Celestial Group Inc. (HAIN)

The Hain Celestial Group Inc. (NASDAQ: HAIN) stock fell -4.46% on Tuesday to $18.62 against a previous-day closing price of $19.49. With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.97 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $19.44 whereas the lowest price it dropped to was $18.55. The 52-week range on HAIN shows that it touched its highest point at $37.58 and its lowest point at $15.19 during that stretch. It currently has a 1-year price target of $23.67. Beta for the stock currently stands at 0.85.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HAIN was down-trending over the past week, with a drop of -2.41%, but this was up by 18.37% over a month. Three-month performance surged to 17.25% while six-month performance fell -19.22%. The stock lost -48.54% in the past year, while it has gained 15.08% so far this year. A look at the trailing 12-month EPS for HAIN yields 0.71 with Next year EPS estimates of 1.06. For the next quarter, that number is 0.13. This implies an EPS growth rate of 30.10% for this year and 47.22% for next year. EPS is expected to decline by -0.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.80%.

Float and Shares Shorts:

At present, 89.31 million HAIN shares are outstanding with a float of 88.20 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.69 million, which was 4.13% higher than short shares on Sep 14, 2022. In addition to Mr. Mark L. Schiller as the firm’s Pres, CEO & Director, Mr. Christopher J. Bellairs serves as its Exec. VP & CFO.


Institutional Ownership:

Through their ownership of 95.99% of HAIN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.94% of HAIN, in contrast to 39.65% held by mutual funds. Shares owned by individuals account for 21.43%. As the largest shareholder in HAIN with 14.81% of the stake, BlackRock Fund Advisors holds 13,223,141 shares worth 13,223,141. A second-largest stockholder of HAIN, The Vanguard Group, Inc., holds 9,941,035 shares, controlling over 11.13% of the firm’s shares. AllianceBernstein LP is the third largest shareholder in HAIN, holding 6,101,460 shares or 6.83% stake. With a 7.40% stake in HAIN, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 6,607,320 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.05% of HAIN stock, is the second-largest Mutual Fund holder. It holds 2,721,250 shares valued at 44.03 million. CI Black Creek Global Leaders Fun holds 2.80% of the stake in HAIN, owning 2,498,812 shares worth 40.43 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HAIN since 16 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HAIN analysts setting a high price target of $42.00 and a low target of $16.00, the average target price over the next 12 months is $23.08. Based on these targets, HAIN could surge 125.56% to reach the target high and fall by -14.07% to reach the target low. Reaching the average price target will result in a growth of 23.95% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HAIN will report FY 2023 earnings on 08/29/2023. Analysts have provided yearly estimates in a range of $0.81 being high and $0.47 being low. For HAIN, this leads to a yearly average estimate of $0.72. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. The Hain Celestial Group Inc. surprised analysts by $0.02 when it reported $0.10 EPS against a consensus estimate of $0.08. The surprise factor in the prior quarter was -$0.15. Based on analyst estimates, the high estimate for the next quarter is $0.18 and the low estimate is $0.09. The average estimate for the next quarter is thus $0.13.

Summary of Insider Activity:

Insiders traded HAIN stock several times over the past three months with 12 Buys and 5 Sells. In these transactions, 106,224 shares were bought while 13,006 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 111,434 while 1,880,689 shares were sold.

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