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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has received a consensus rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $10.78.

A number of brokerages have recently commented on HAIN. Barclays decreased their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Mizuho reduced their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Piper Sandler reduced their target price on shares of The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Maxim Group reduced their target price on shares of The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Stifel Nicolaus reduced their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, April 26th.

Insider Buying and Selling at The Hain Celestial Group

In other news, insider Chad D. Marquardt purchased 10,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $6.95 per share, with a total value of $69,500.00. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $69,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Chad D. Marquardt bought 10,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of $6.95 per share, with a total value of $69,500.00. Following the transaction, the insider now owns 10,000 shares in the company, valued at approximately $69,500. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Wendy P. Davidson bought 5,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was bought at an average cost of $6.99 per share, with a total value of $34,950.00. Following the completion of the transaction, the chief executive officer now owns 63,309 shares in the company, valued at approximately $442,529.91. The disclosure for this purchase can be found here. Insiders bought 28,500 shares of company stock valued at $207,995 in the last quarter. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in The Hain Celestial Group by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,015,166 shares of the company’s stock valued at $114,227,000 after acquiring an additional 219,733 shares during the period. Norges Bank purchased a new position in The Hain Celestial Group during the 4th quarter valued at about $7,199,000. Charles Schwab Investment Management Inc. lifted its position in The Hain Celestial Group by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,863,497 shares of the company’s stock valued at $20,405,000 after acquiring an additional 229,144 shares during the period. Assenagon Asset Management S.A. lifted its position in The Hain Celestial Group by 40.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 380,947 shares of the company’s stock valued at $4,171,000 after acquiring an additional 110,184 shares during the period. Finally, Tudor Investment Corp Et Al lifted its position in The Hain Celestial Group by 469.6% during the 3rd quarter. Tudor Investment Corp Et Al now owns 226,081 shares of the company’s stock valued at $2,344,000 after acquiring an additional 186,391 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Trading Down 0.4 %

Shares of HAIN opened at $6.69 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.07. The Hain Celestial Group has a 1-year low of $5.68 and a 1-year high of $13.23. The company has a market capitalization of $601.03 million, a P/E ratio of -6.56 and a beta of 0.80. The firm’s 50 day simple moving average is $6.98 and its 200 day simple moving average is $8.61.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $438.36 million for the quarter, compared to analyst estimates of $463.37 million. The Hain Celestial Group had a negative net margin of 5.14% and a positive return on equity of 2.91%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. Sell-side analysts forecast that The Hain Celestial Group will post 0.29 earnings per share for the current fiscal year.

About The Hain Celestial Group

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.