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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $9.43.

Several research firms recently weighed in on HAIN. Stifel Nicolaus increased their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Barclays reduced their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. DA Davidson lowered their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th.

Institutional Trading of The Hain Celestial Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC grew its stake in The Hain Celestial Group by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock valued at $39,380,000 after buying an additional 62,865 shares in the last quarter. PGGM Investments boosted its holdings in shares of The Hain Celestial Group by 1.3% in the second quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock worth $28,910,000 after acquiring an additional 51,912 shares during the period. State Street Corp grew its position in shares of The Hain Celestial Group by 0.4% in the third quarter. State Street Corp now owns 3,464,855 shares of the company’s stock valued at $29,902,000 after purchasing an additional 15,494 shares in the last quarter. Millennium Management LLC raised its stake in shares of The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after purchasing an additional 1,663,542 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in The Hain Celestial Group by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock worth $19,241,000 after purchasing an additional 142,097 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $8.23 on Friday. The company has a market capitalization of $742.26 million, a PE ratio of -8.76 and a beta of 0.71. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The stock’s 50 day moving average price is $8.33 and its 200-day moving average price is $7.70. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly 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 business had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) earnings per share. On average, equities analysts anticipate that The Hain Celestial Group will post 0.46 EPS for the current 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.