The Hain Celestial Group Inc. (NASDAQ: HAIN) stock fell -2.54% on Friday to $9.99 against a previous-day closing price of $10.25. With 2.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.98 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $10.28 whereas the lowest price it dropped to was $9.80. The 52-week range on HAIN shows that it touched its highest point at $22.14 and its lowest point at $9.36 during that stretch. It currently has a 1-year price target of $15.00. Beta for the stock currently stands at 0.95.
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 up-trending over the past week, with a rise of 4.17%, but this was down by -15.55% over a month. Three-month performance dropped to -19.76% while six-month performance fell -41.68%. The stock lost -46.97% in the past year, while it has lost -38.26% so far this year. A look at the trailing 12-month EPS for HAIN yields -1.30 with Next year EPS estimates of 0.57. For the next quarter, that number is -0.06. This implies an EPS growth rate of -256.30% for this year and 39.32% for next year.
Float and Shares Shorts:
At present, 89.48 million HAIN shares are outstanding with a float of 88.38 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.4 million, which was 2.68% higher than short shares on Jul 30, 2023. In addition to MAIN as the firm’s Main Street Capital Corporation, GAIN serves as its Gladstone Investment Corporatio.
Through their ownership of 98.17% of HAIN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.54% of HAIN, in contrast to 31.77% held by mutual funds. Shares owned by individuals account for 21.36%. As the largest shareholder in HAIN with 14.94% of the stake, BlackRock Fund Advisors holds 13,366,421 shares worth 13,366,421. A second-largest stockholder of HAIN, The Vanguard Group, Inc., holds 10,639,431 shares, controlling over 11.89% of the firm’s shares. AllianceBernstein LP is the third largest shareholder in HAIN, holding 7,291,990 shares or 8.15% stake. With a 7.06% stake in HAIN, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 6,313,024 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.13% of HAIN stock, is the second-largest Mutual Fund holder. It holds 2,798,829 shares valued at 29.64 million. CI Black Creek Global Leaders Fun holds 2.79% of the stake in HAIN, owning 2,498,812 shares worth 26.46 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, HAIN reported revenue of $457.01M and operating income of $15.28M. The EBITDA in the recently reported quarter was $28.54M and diluted EPS was $0.03.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HAIN since 0 analysts follow the stock currently. 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 $30.00 and a low target of $11.00, the average target price over the next 12 months is $15.00. Based on these targets, HAIN could surge 200.3% to reach the target high and rise by 10.11% to reach the target low. Reaching the average price target will result in a growth of 50.15% 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.
Summary of Insider Activity:
Insiders traded HAIN stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 383 shares were bought while 192 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 107,124 while 63,457 shares were sold.