The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Average Rating of “Hold” by Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.57.

A number of analysts have recently issued reports on the company. Stifel Nicolaus lifted their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. DA Davidson reiterated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, Barclays lifted their price target on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 29th.

The Hain Celestial Group Stock Down 0.1 %

Shares of NASDAQ HAIN opened at $8.73 on Thursday. The Hain Celestial Group has a 1 year low of $5.68 and a 1 year high of $12.49. The firm has a market cap of $784.34 million, a price-to-earnings ratio of -8.56 and a beta of 0.75. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.98. The stock’s 50-day simple moving average is $7.84 and its 200-day simple moving average is $7.30.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The business had revenue of $419.00 million for the quarter, compared to analyst estimates of $417.99 million. During the same period in the previous year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Hain Celestial Group will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at The Hain Celestial Group

In related news, insider Chad D. Marquardt bought 5,300 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was bought at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the purchase, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its position in shares of The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after buying an additional 2,226 shares during the period. nVerses Capital LLC boosted its position in shares of The Hain Celestial Group by 161.1% during the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after buying an additional 2,900 shares during the period. CWM LLC boosted its position in shares of The Hain Celestial Group by 357.8% during the second quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after buying an additional 6,895 shares during the period. Choreo LLC acquired a new position in shares of The Hain Celestial Group during the second quarter worth approximately $71,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of The Hain Celestial Group during the second quarter worth approximately $72,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.