The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Average Rating of “Hold” from Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have received an average recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $6.56.

Several equities analysts have recently weighed in on the stock. Piper Sandler decreased their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays decreased their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Evercore ISI decreased their price target on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Stifel Nicolaus decreased their price target on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Finally, Maxim Group decreased their price target on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors have recently bought and sold shares of HAIN. CWM LLC raised its stake in The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares during the period. Creative Planning increased its position in shares of The Hain Celestial Group by 3.6% during the third quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after acquiring an additional 1,272 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of The Hain Celestial Group by 2.1% during the third quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company’s stock valued at $5,502,000 after acquiring an additional 13,376 shares during the last quarter. Allworth Financial LP increased its position in shares of The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares during the last quarter. Finally, Trajan Wealth LLC increased its position in shares of The Hain Celestial Group by 38.3% during the third quarter. Trajan Wealth LLC now owns 24,360 shares of the company’s stock valued at $210,000 after acquiring an additional 6,745 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Stock Performance

HAIN opened at $4.12 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The company has a market cap of $371.82 million, a price-to-earnings ratio of -2.12 and a beta of 0.74. The Hain Celestial Group has a 52-week low of $3.28 and a 52-week high of $10.07. The firm’s fifty day simple moving average is $5.16 and its two-hundred day simple moving average is $7.01.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. Equities analysts anticipate that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.