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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been given an average rating of “Hold” by the seven research firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $8.71.

Several research analysts have recently issued reports on HAIN shares. Stifel Nicolaus cut their price target on The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Friday. DA Davidson cut their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Piper Sandler cut their price target on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Barclays cut their price target on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th.

The Hain Celestial Group Price Performance

The Hain Celestial Group stock opened at $5.32 on Friday. The Hain Celestial Group has a one year low of $4.47 and a one year high of $11.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The business has a fifty day moving average of $6.72 and a two-hundred day moving average of $7.45. The company has a market cap of $479.81 million, a P/E ratio of -5.66 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The business had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. During the same period last year, the business posted ($0.04) EPS. The Hain Celestial Group’s revenue was down 7.2% compared to the same quarter last year. As a group, analysts predict that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in The Hain Celestial Group by 124.6% during the 3rd quarter. Barclays PLC now owns 182,609 shares of the company’s stock worth $1,576,000 after purchasing an additional 101,290 shares in the last quarter. Quest Partners LLC grew its holdings in The Hain Celestial Group by 387.1% in the 3rd quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock valued at $1,835,000 after buying an additional 168,996 shares during the period. Deerfield Management Company L.P. Series C grew its holdings in The Hain Celestial Group by 391.6% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock valued at $861,000 after buying an additional 99,246 shares during the period. Geode Capital Management LLC grew its holdings in The Hain Celestial Group by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after buying an additional 142,097 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in The Hain Celestial Group in the 3rd quarter valued at about $2,515,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.